IndiGo profit dives 25% to ₹440 crore in Q4

Our Bureau New Delhi | Updated on January 11, 2018

IndiGo reported a profit after tax of ₹1,659 crore for fiscal 2017, a decrease of 16.5 per cent, from a PAT of ₹1,986 crore reported in the previous fiscal. The airline’s board of directors recommended a dividend of ₹34 per share for the fiscal.

For the fourth quarter ended March 2017, the airline reported a PAT of ₹440 crore, a decrease of 24.6 per cent compared to ₹583 crore in the same quarter of the previous year.

During the quarter, the airline reported an 18.5 per cent increase in revenue from operations at ₹4,848 crore .

For the year-ended 2017, the airline reported EBITDAR or earnings before interest, taxes, depreciation, amortisation and rent/restructuring margin of 29.3 per cent at ₹5,440.85 crore.

Revenues for the full year stood at stood at ₹1,8580 crore, an increase of 15.1 per cent.

As of March 31, the airline had a total cash balance of ₹9,343 crore. “The total debt as on March 31, 2017 was ₹2596 crore. The entire debt for IndiGo is aircraft related. IndiGo does not have any working capital debt,” the airline said in a statement.

Commenting on the results, Kapil Kaul, CEO-South Asia, Centre for Asia Pacific Aviation (CAPA), said the airline’s Q4 profitability was better than expected, largely due to better yields in the last quarter. There was significant increase in other income at ₹122 crore in Q4 compared to Q3, Kaul said.

Published on May 09, 2017

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

This article is closed for comments.
Please Email the Editor

You May Also Like