IndiGo airline’s operator, Interglobe Aviation, on Wednesday reported a 61.9 per cent rise in consolidated net profit for the fourth quarter (Q4) of financial year 2024-25 (FY25) at ₹3,067.5 crore from ₹1,894.8 crore reported during the same period last year. This rise in profit was attributed to record passenger volumes, as well as healthy demand.
The company’s board recommended a dividend of ₹10 per equity share subject to approval of the shareholders of the company at the upcoming annual general meeting (AGM). The payment of dividend will be completed within 30 days of declaration at the AGM.
Consolidated revenue from operations for the budget airlines grew by 24 per cent year-on-year (y-o-y) to ₹22,151.9 crore from ₹17,825.3 crore. Sequentially, revenue remained flat compared to ₹22,110.7 crore.
IndiGo’s earnings before interest, tax, depreciation, amortisation and rent (Ebitdar) also rose sharply to ₹6,948.2 crore from ₹4,412.3 crore a year ago, with margins expanding to 31.4 per cent from 24.8 per cent.
As per the quarterly results, IndiGo flew 19.6 per cent more passengers in the period under review, to 31.9 million.
India-Pak fallout
The airline said the impact of the air space restrictions owing to India-Pakistan hostilities will be felt in the forthcoming results.
“The fourth quarter was very strong, April started strong, and clearly May will be a dampener,” IndiGo CEO Pieter Elbers told reporters. “But looking at where we are today and how quickly after the ceasefire the traffic is returning, we’re confident that yes, May will be lower, but basically, yet from June, we will see a recovery of the traffic,” he added.
However, on the full financial year 2024-25 basis, IndiGo’s net profit declined by 11.2 per cent to ₹7,258.4 crore on a year-on-year basis.
“We are proud to report healthy financial performance for this quarter and the financial year 2025 as we reported a net profit of ₹72,584 million. Our sustained performance is the result of record passenger volumes, operational efficiencies, agility and commitment demonstrated by IndiGo employees,” Elbers said.
“As we build on this momentum, we will continue to focus on cost leadership and further Internationalisation with the start of our European operations.”
In addition, the company’s board recommended a final dividend of ₹10 per share for the financial year ended March 31, 2025, subject to the approval of shareholders in the upcoming annual general meeting (AGM).