IndiGo reports net loss of INR 14,357 million and EBITDAR of INR 3,408 million in Q2 FY22

InterGlobe Aviation Ltd. ('IndiGo') today reported its second quarter fiscal year 2022 results.

- Revenue from Operations of INR 56,085 million for the quarter, an increase of 104.6% against a 78.3% increase in capacity compared to same period last year

- EBITDAR of INR 3,408 million with EBITDAR margin of 6.1% for the quarter, compared to EBITDAR of INR 4,085 million with EBITDAR margin of 14.9% for the same period last year

- Loss before tax of INR 14,357 million, compared to loss before tax of INR 11,949 million for the same period last year

- Basic earnings per share was negative INR 37.29 for the quarter

- Strong liquidity position with a total cash of INR 165,539 million including free cash of INR 63,516 million

The Company's CEO, Mr. Ronojoy Dutta said, "We are encouraged by the pace of revenue recovery. We continue to work towards return to profitability in order to strengthen our balance sheet. With a modern fleet, dedicated employees and a stronger economic environment we are well positioned to leverage all the growth opportunities around us."

Shares of InterGlobe Aviation Limited was last trading in BSE at Rs. 1996.80 as compared to the previous close of Rs. 2009.70. The total number of shares traded during the day was 28342 in over 2731 trades.

The stock hit an intraday high of Rs. 2057.80 and intraday low of 1976.85. The net turnover during the day was Rs. 57114116.00.

Source : Equity Bulls

Keywords

InterGlobeAviation INE646L01027 INDIGO Airlines Q2FY22 ResultUpdate