IndiGo net profit jumps at Rs1,203cr in Q1FY20

For the quarter, passenger ticket revenue was Rs8,445.10cr, an increase of 46.4% and ancillary revenue was Rs902.60cr, an increase of 32.2% compared with the same period last year.

Jul 20, 2019 04:07 IST India Infoline News Service

Indigo-Airlines
InterGlobe Aviation Ltd (IndiGo) net profit zoomed 43 times to Rs1,203cr in the June quarter compared with Rs27.8cr in the same quarter last year. The revenue from operations came at Rs9420.1cr for the quarter, an increase of 44.7% against a 30.3% increase in capacity compared to the same period last year.

EBITDAR of Rs2,778.5cr with EBITDAR margin of 29.5% for the quarter, compared to EBITDAR of Rs1130.1cr with EBITDAR margin of 17.4% for the same period last year.

For the quarter, passenger ticket revenue was Rs8,445.10cr, an increase of 46.4% and ancillary revenue was Rs902.60cr, an increase of 32.2% compared with the same period last year.

As of June 30, the company had a total cash balance of Rs17,337cr comprising of Rs7,697cr of free cash and Rs9,640cr of restricted cash.

Ronojoy Dutta, CEO said in the press note that, "I am pleased to report our highest ever quarterly profit after tax of Rs1,200cr. Strong passenger revenues along with a sharp improvement in cargo performance were key drivers to this improved profitability. We are particularly pleased with this quarter because it demonstrated our ability to grow rapidly while simultaneously expanding our margin performance. I am also proud that our Company has been awarded Best Low-Cost Airline in Central Asia and India by Skytrax for the tenth time in a row. I wish to thank all our employees. For the high levels of performance that we are witnessing across the company. "

Mr. Dutta further added, “we believe that a clear-eyed awareness of our mission will ensure that the goals of the company are in complete synchronization with the goals of our country.”

Interglobe Aviation Ltd ended at Rs1,461.50, up by Rs2.85 or 0.2% from its previous closing of Rs1,458.65 on the BSE.

The scrip opened at Rs1,480 and has touched a high and low of Rs1,487.25 and Rs1,452.50 respectively.

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