IndiGo has reported a profit after tax of ₹811.15 crore for the quarter ended June 2017, registering an increase of 37 per cent over the same period in the previous year.

“We have reported our largest ever quarterly profit this quarter,” Aditya Ghosh, President and Whole-time Director, said at a conference call with financial analysts soon after the company declared its results.

In a statement to the BSE, the airline said that its profit before tax stood at ₹1124.33 crore, an increase of 51 per cent over the same period in the previous year.

The statement adds that revenue from operations stood at ₹5752.91 crore for the quarter, an increase of 25.6 per cent.

Total revenues stood at ₹5955.54 crore, an increase of 25.6 per cent over the same period previously, while passenger revenue was ₹5078.02 crore, a growth of 27.9 per cent. During the quarter ended June 2017, the airline reported ancillary revenues of ₹588.51 crore, 1.4 per cent up over the previous quarter.

IndiGo reported Ebitdar or earnings before interest, taxes, depreciation, amortisation and rent/restructuring margin of ₹1961.75 crore and the margin was 34.1 per cent for the quarter ended June 2017 compared to Ebitdar of ₹1553.76 crore and margin of 33.9 per cent for the same quarter in the previous year.

Basic earnings per share stood at ₹22.4, for the quarter ended June 2017, the statement to the stock exchange says.

The statement adds that as of June 30, the airline had a total cash balance of ₹10184.7 crore comprising ₹5188.8 crore of free cash and ₹4995.9 crore of restricted cash.

“The total debt was ₹2524.1 crore. The entire debt for IndiGo is aircraft-related. It does not have any working capital debt,” the statement adds.

Commenting on the results, Kapil Kaul, Chief Executive Officer and Director, Centre for Asia Pacific Aviation, South Asia, said that these were the highest quarterly profits by any airline in India whether listed or unlisted. “IndiGo has broken its own previous record,” Kaul said in a statement.

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