Indigo Q3 PAT zooms 111% YoY to Rs 2,998 cr

Revenue from operations jumped 30.26% year on year to Rs 19,452.15 crore in the quarter ended 31 December 2023. Total income for the quarter ended December 2023 was Rs 20,062.25 crore, registering a growth of 30.19% over the same period last year.

For the quarter, passenger ticket revenues were Rs 17,157 crore, an increase of 30.3% and ancillary revenues were Rs 1,760 crore, an increase of 23.8% compared to the same period last year. EBITDAR (Earnings before interest, tax, depreciation, amortisation and rent) climbed 61% to Rs 5,475.1 crore in Q2 FY24 from Rs 3,399 crore posted in Q2 FY23. EBITDAR margin in the December quarter improved to 28.1% as compared with 22.8% reported in the corresponding quarter last year.For the quarter, the company’s passenger ticket revenues were Rs 17,157.2 crore, up 30.3% and ancillary revenues were Rs 1,760 crore, recording a growth of 23.8% compared to the same period last year.

Total expenses for Q3 FY23 were Rs 17,063.74 crore, up 22% YoY. Aircraft fuel expenses amounted to Rs 6,841.41 crore (up 18.26% YoY) during the quarter.

The company’s passenger count increased by 23.4% to 27.5 million in Q3 FY24 from 22.3 million in Q3 FY23.

Available seat-kilometer (ASK) jumped 26.8% to 36.5 billion in Q3 FY24 from 28.8 billion posted in Q3 FY23. Revenue passenger-kilometer (RPK) jumped 27.8% to 31.3 billion in Q3 FY24 over 24.5 billion reported in the same quarter last year.

Revenue per available seat kilometer (RASK) rose by 1.5% to Rs 5.34 crore in Q3 FY24 from 5.26 crore reported in Q3 FY23. While, cost of available seat kilometer (CASK) stood at Rs 4.52 crore in Q3 FY24, down 5.2% year on year.

As of 31 December 2023, Indigo had a total cash balance of Rs 32,428 crore, comprising Rs 19,199.6 crore of free cash and Rs 13,228.5 crore of restricted cash.