IndiGo Q3 results: Shares rise 3% ahead of earnings report, key details to watch out for

The company will also hold a conference call with investors and experts after the release of its earnings report. “The company will conduct a 60 minute conference call at 17:00 hours IST on January 24, 2025 (open to investors/ analysts in all regions), where senior management will discuss the Company’s performance and answer questions from participants," the company said in a stock exchange filing.

The aviation company is expected to see a 2% rise in earnings per share (EPS) in the December quarter compared to the year-ago period.

Experts, however, have projected nearly a 25% drop in the net profit for the December quarter due to higher Aircraft on Ground (AoG) costs that include financing expenses, aircraft lease rentals and depreciation.

The company is also expected to post a decline in passenger load factors but a marginal uptick in EBITDAR.

Usually, the October-December quarter has been a good quarter for airlines due to the festival and holidays period. Investors will focus on the impact of the weak rupee on its fuel costs.

IndiGo posted in ₹986 crore loss in Q2

IndiGo had posted a loss of ₹986 crore for the September quarter due to higher fuel costs and a peak number of groundings.

Its total income rose by 14.6% to ₹17,760 crore in the second quarter of FY25 compared to the year-ago quarter.

The company reported a 5.8% rise in passenger load at 2.78 crore. Its yield increased by 2.3% to ₹4.55 and load factor reduced by 0.6 pts to 82.6%.

Fuel CASK increased by 4.2% to ₹1.73 while CASK ex fuel increased by 16.8% to ₹2.96

Its EBITDAR dropped to ₹2434 crore (14.3% EBITDAR margin) compared to ₹2,446.5 crore (16.4% EBITDAR margin) in the year-ago quarter.

IndiGo shares drop by over 8% in 2025 so far

IndiGo shares have dropped around 12% since October 1, 2024, after its weak earnings in the September quarter.

The stock has dropped around 8% in January so far amid a spike in crude oil prices and a weakening rupee.

The stock hit a 52-week high of ₹5,035 per share on September 12, 2024 and a low of ₹2,847 in January last year.

Shares of IndiGo rallied up to 3.26% in morning deals to hit an intraday high of ₹4,269.8 apiece on the NSE on Friday. However, the stock pared some of early gains to trade at ₹4,180.60 apiece, up 1.11%, on the NSE at 12:21 pm.