Logistics

IndiGo profit soars 53% in fiscal 2016

PTI New Delhi | Updated on January 20, 2018 Published on April 29, 2016

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IndiGo, the Gurgaon-based low-cost airline, has reported a profit after tax of ₹1989.72 crore for the fiscal 2016, an increase of 52.6 per cent of over the previous year. The board has recommended a final dividend of ₹15 per share.

“This is the eighth consecutive year of profitability with highest-ever yearly profits,” said Aditya Ghosh, President and Whole-time Director.

The airline reported a profit after tax of ₹579.31 crore for the quarter ended March 2016 against ₹577.33 crore. The total income from operations during the quarter ended March 2016 stood at ₹4090.67 crore an increase of 7 per cent over the same period in the previous year, the company said in a statement.

Total revenues for the quarter ended March 2016 were ₹4247.58 crore an increase of 7.5 per cent over the same period in the previous year, while passenger revenues were ₹3534.56 crore an increase of 5.4 per cent. During the quarter ended March 2016, ancillary revenues increased 17.6 per cent to ₹532.17 crore.

For the full year the total revenues saw an increase of 15.9 per cent at ₹16601.30 crore, while passenger revenues for the full year were up 14.4 per cent at ₹14062.42 crore and ancillary revenues grew by 27.3 per cent to touch ₹2001.99 crore, the airline said in a statement.

The airline reported that it had total cash of ₹6046.8 crore comprising ₹2262.3 crore of free cash and ₹3784.5 crore of restricted cash. “The total cash as on March 31, 2016, includes primary IPO proceeds of ₹515.8 crore and the gross final dividend amounting to ₹650.6 crore.

As of March 31, 2015, IndiGo had a total cash of ₹4,028 crore comprising ₹1162.7 crore of free cash and ₹ 2865.4 crore of restricted cash,” the airline said in a statement. The entire debt for the airline is aircraft related and the airline does not have any working capital debt, the statement adds.

The airline carried 3.31 crore passengers during the fiscal year 2016 an increase of 31.5 per cent over the 2.51 crore.

Published on April 29, 2016
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