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Revenue from operations increased 26% YoY to Rs 17,825 crore in the reporting quarter.
EBITDAR (earnings before interest, tax, depreciation, amortisation and rent) for the reporting quarter increased 49% YoY to Rs 4412 crore, and profit before tax (PBT) soared 92%YoY to Rs 1,771 crore.
"The fourth 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," said Pieter Elbers, CEO, IndiGo.
For the reporting quarter, the airline's passenger ticket revenues were grew 25% YoY to Rs 15,601 crore, while ancillary revenues jumped 19% YoY to Rs 1,719 crore.
Other income during the March quarter surged 55% YoY to Rs 680 crore.
Total expenses for the quarter ended March 2024 increased 22% YoY to Rs 16734 crore. Fuel costs rose 6% YoY to Rs 5,979 crore.
There is a reduction in fuel CASK (cost of available seat kilometer) by 6.9% to Rs 1.72 in the reporting period. CASK (ex fuel) increased 14.7% to Rs 2.9.
Operationally, the ASK (available seat per kilometer) rose 14% YoY to 34.8 billion, and the RPK (revenue per passenger kilometer) increased 17% to 30 billion.
During the fourth quarter, IndiGo ferried 26.7 million passengers, which is a growth of 14% YoY. The load factor during the quarter improved to 86.3%. Yields, meanwhile, rose 7% to Rs 5.19.
The Gurugram-based company had a fleet of 367 aircraft including 31 A320 CEOs, 192 A320 NEOs, 94 A321 NEOs, 45 ATRs, 3 A321 freighters and 2 B777 (damp lease), which is a net increase of 9 passenger aircraft during the quarter.
The airline had a total cash balance of Rs 34,737 crore comprising Rs 20,823 crore of free cash and Rs 13,914 crore of restricted cash.
The capitalized operating lease liability was at Rs 43,488 crore. The total debt (including the capitalized operating lease liability) stood at Rs 51,280 crore, as of March 2024.
On Thursday, IndiGo shares closed 1.08% higher at Rs 4,403 on NSE.
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