IndiGo back in black with net profit in Q3; revenue soars 89%


by 5paisa Research Team Last Updated: Dec 14, 2022 - 06:30 pm 38.8k Views
Listen icon

IndiGo, the country’s biggest airline, posted strong numbers for the third quarter despite the spread of the pandemic at the fag end of the holiday season and surprised the street by swinging into the black after several quarters of losses.

InterGlobe Aviation, the parent of IndiGo, posted a net profit of Rs 129.8 crore compared with a net loss of Rs 620.1 crore in Q3 FY21. On a sequential basis, the improvement was even more prominent as it had posted a net loss of Rs 1,435.7 crore in the three months ended September 2021.

IndiGo’s revenue jumped 89% to Rs 9,294.8 crore compared with the year-ago period. Revenue rose 66% on a sequential basis compared to Q2 FY22. Strong revenue growth was partly offset by high fuel costs.

The company’s share price rose 1.8% to Rs 1,974.3 apiece in a weak Mumbai market on Friday.

Meanwhile, the firm has named co-founder Rahul Bhatia, who had a non-executive role, as the managing director of the firm.

Other key highlights

1) EBITDAR came at Rs 1,995.5 crore, up from Rs 987.1 crore a year earlier.

2) EBITDAR margin increased to 21.5% for the quarter, from 20.1% for the same period last year.

3) Average seat kilometer (ASK) rose 50.3% YoY and 45.2% sequentially to 23 billion.

4) Load factor rose to 79.7% during the quarter from 72% in Q3 FY21 and 71.1% in the preceding quarter.

5) Passenger ticket revenue was Rs 8,073.1 crore, an increase of 98.4%.

6) Ancillary revenue was Rs 1,141.7 crore, an increase of 41.3% from the same period last year.

7) Fuel cost nearly tripled YoY to Rs 3,269.3 crore during the quarter.

Management commentary

Ronojoy Dutta, CEO of IndiGo, said, “I am pleased that we were able to report a profit for the third quarter. It demonstrates that our business model is fundamentally strong.”

Share Market Today


How do you rate this article?

Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage

378X91-D3

About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.


Enjoy 0%* Brokerage with 5paisa
Resend OTP
Please Enter OTP
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest News
Trust Fintech IPO Subscribed 108.63 times

Trust Fintech IPO is book-built issue of ₹63.45 crores, consisting entirely of fresh issue shares totalling 62.82 lakh. Trust Fintech IPO commenced its subscription period on March 26, 2024, & concludes today, March 28, 2024.

Aspire & Innovative IPO Subscribed 15.17 times

Aspire & Innovative IPO is a book built issue of Rs 21.97 crores. The issue comprises entirely a fresh issue of 40.68 lakh shares. Aspire & Innovative IPO opens for subscription on March 26, 2024, and closes on March 28, 2024. The allotment for the Aspire & Innovative IPO is expected to be finalized on Monday, April 1, 2024.

Blue Pebble IPO Subscribed 56.32 times

Blue Pebble IPO, valued at ₹18.14 crores, comprises fresh issue of 10.8 lakh shares. Commencing subscription on March 26, 2024, Blue Pebble IPO is set to conclude on March 28, 2024. Allotment process is scheduled to be finalized by Monday, April 1, 2024. Following this, IPO is slated to debut on NSE SME, with tentative listing date of Wednesday, April 3, 2024.