IndiGo Reports 168% Increase In Q3 Profit; 19.3% Rise In Seating Capacity

On Monday, InterGlobe Aviation, the parent company of IndiGo Airlines, reported 16.7 percent increase in PAT (profit after tax) to Rs 496 crore for the December-ended quarter from Rs 185.20 crore a year ago.

The airlines' revenue from operations for the quarter rose by 25.5 percent to Rs 9,931.70 crore and available seat kilometres (ASK), a measure of passenger carrying capacity rose by 19.3 percent to 25.8 billion.

Revenue from passenger tickets was up by 24.1 percent in the December-ended quarter at Rs 8,770.3 crore.

"We reported a pro.fit before tax of JNR 5.6 billion with a profit before tax margin of 5.6% compared to 2.3% profit before tax margin for the same quarter last year. We started operations in 7 new international routes and 17 new domestic routes and operated a peak of 1,634 daily departures during the quarter, said CEO, Ronojoy Dutta.

"I am very enthusiastic about the way we have been developing our network, connecting cities large and small to provide more choice to our customers. We have added small cities such as Shirdi and Shillong to our network while extending our reach to major cities such as Hanoi and Guangzhou," he added.

At the end of 31 December 2019, IndiGo had total cash of Rs 20,068.7 crore and total debt stood (including capitalized operating lease liability) was at Rs 21,555.3 crore.

Its fleet included 257 aircraft at the end of December and operated 1,634 daily flights during the quarter.

Shares of InterGlobe Aviation closed 0.54 percent lower at Rs 1,492.85 on BSE, ahead of the results.