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Informist, Wednesday, May 21, 2025

By Narayana Krishna

HYDERABAD – InterGlobe Aviation Ltd. Wednesday reported a net profit of INR 30.73 billion for the March quarter, up over 62% on year and almost 26% sequentially, beating analysts' estimates. The company's revenue for the quarter is up more than 24% on year, but almost flat on the quarter at INR 221.52 billion, also above the Street's expectation.

Analysts had expected the company's March quarter net profit at INR 24.99 billion on a revenue of INR 219.3 billion. InterGlobe Aviation, which operates Indigo airline, posted a growth in its net profit after three quarters, while its revenue growth is higher than the past three quarters.

"Driven by strong demand for air travel and the execution of our growth strategy resulted into robust earnings growth for the quarter," InterGlobe said in a press release. The March quarter growth is aided by healthy growth in passenger traffic at 19.6% on year to 31.9 million, the company said. The passenger load improved by 1.1 basis points to 87.4%, InterGlobe Aviation said. Capacity increased by 21% on year to 42.1 billion, while the yield was up 2.4% on year to INR 5.32 per kilometre.

The company's consolidated net profit for the March quarter rose almost 62% on year to INR 30.68 billion and revenue increased 24% to INR 221.52 billion.

The company's earnings before interest, taxes, depreciation, amortisation, and rentals on consolidated basis were at INR 69.48 billion as against INR 44.12 billion a year ago. The EBITDAR margin for the quarter improved to 31.4% against the 24.8% a year ago. 

"Our sustained performance is the result of record passenger volumes, operational efficiencies, agility and commitment demonstrated by IndiGo employees. As we build on this momentum, we will continue to focus on cost leadership and further Internationalisation with the start of our European operations," InterGlobe said, quoting its Chief Executive Officer Pieter Elbers. 

As on Mar. 31, InterGlobe Aviation's total fleet is 434 aircraft, compared to 437 as on Dec. 31. The company operated at a peak of 2,304 daily flights during the quarter, including non-scheduled flights. Analysts had estimated that the increased travel due to festival season and events like Kumbh Mela to help the company to boost its earnings. 

InterGlobe said the June quarter capacity is expected to be up in the mid-teens year-on-year, compared to a year ago, in available seat per kilometer terms. The fuel cost for the March quarter increased to INR 67.53 billion against INR 59.79 billion a year ago.  

InterGlobe has a cash reserve of INR 481.71 billion as of Mar. 31, while total debt was at INR 668.10 billion. The company's board approved paying INR 10 rupees per share as a dividend.

For 2024-25 (Apr-Mar), InterGlobe Aviation reported a net profit of INR 72.53 billion, down 11.2% on year, on a revenue of INR 808.03 billion, up 17.3% on the year.

On Wednesday, shares of InterGlobe Aviation closed nearly 0.4% higher at INR 5,461.50 on the National Stock Exchange.  End

Edited by Deepshikha Bhardwaj

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