IndiGo announces strong performance in Q4FY24

InterGlobe Aviation Ltd. ("IndiGo") today reported its fourth quarter and fiscal year 2024 results.

For the quarter ended March 31, 2024, compared to the same period last year

- Capacity increased by 14.4% to 34.8 billion
- Passengers increased by 14.0% to 26.7 million
- Yield increased by 7.0% to INR 5.19 and load factor improved by 2.1 pts to 86.3%
- Revenue from Operations increased by 25.9% to INR 178,253 million
- Reduction in fuel CASK by 6.9% to INR 1.72
- CASK ex fuel increased by 14.7% to INR 2.90
- EBITDAR of INR 44,123 million (24.8% EBITDAR margin), compared to EBITDAR of INR 29,665 million (20.9% EBITDAR margin)
- Excluding foreign exchange loss, profit amounted to INR 20,602 million compared to profit of INR 6,664 million
- Net profit of INR 18,948 million, compared to net profit of INR 9,192 million

For the year ended March 31, 2024, compared to year ended March 31, 2023

- Capacity increased by 21.8% to 139.3 billion
- Passengers increased by 24.7% to 106.7 million
- Yield decreased by 1.0% to INR 5.08 and load factor improved by 3.8 pts to 85.9%
- Revenue from Operations increased by 26.6% to INR 689,043 million
- Reduction in fuel CASK by 17.0% to INR 1.72
- CASK ex fuel decreased by 3.6% to INR 2.66
- EBITDAR of INR 175,447 million (25.5% EBITDAR margin), compared to EBITDAR of INR 73,116 million (13.4% EBITDAR margin)
- Excluding foreign exchange loss, profit amounted to INR 88,899 million compared to profit of INR 26,540 million
- Net profit of INR 81,725 million, compared to net loss of INR 3,058 million
- Basic earnings per share of INR 211.84

Mr. Pieter Elbers, CEO, said, "FY24 has been a year of many remarkable achievements and milestones. For the full financial year 2024, we reported our highest ever total income of around 712 billion rupees with a net profit of around 82 billion rupees and a net profit margin of 11.9%. The 4th quarter financial results were positive, making it all four quarters in FY24 profitable. The strong execution of our strategy has yielded consistent results for us as we achieved the targets that we had set for ourselves as a team at the beginning of the year. My sincere gratitude to our 107 million customers for placing their trust in us and to all my IndiGo colleagues for their great work and relentless dedication."

Shares of InterGlobe Aviation Limited was last trading in BSE at Rs. 4255.80 as compared to the previous close of Rs. 4400.55. The total number of shares traded during the day was 151514 in over 15054 trades.

The stock hit an intraday high of Rs. 4520.00 and intraday low of 4245.00. The net turnover during the day was Rs. 659404032.00.

Source : Equity Bulls

Keywords

InterGlobeAviation INE646L01027 INDIGO Airlines Q4FY24 FY2024 ResultUpdate FY24