IndiGo Q3 net profit up 1,000% to ₹1,442 cr
1 min read . Updated: 03 Feb 2023, 06:04 PM IST
PremiumThe revenue from operations rose by 61% to ₹14,932 crore in the quarter under review from ₹9294 crore in the year ago period
InterGlobe Aviation, the parent company of Indigo on Friday reported 1000 per cent rise in net profit to ₹1422.6 crore for the December 2022 quarter. This is against a net profit of ₹129.79 crore in the year ago period.
The revenue from operations rose by 61% to ₹14,932 crore in the quarter under review from ₹9294 crore in the year ago period.
IndiGo had posted a loss of ₹1,583 crore in previous September quarter.
For the quarter, passenger ticket revenues were ₹13162.4 crore, an increase of 63.0% and ancillary revenues were ₹1422.2 crore, an increase of 24.6% compared to the same period last year.
Total expenses for the quarter ended December 2022 were ₹13986.9 crore, an increase of 49.6% over the same quarter last year.
Yield improved by 21.9 per cent to ₹5.38 and load factor or or the passenger carrying capacity improved by 5.4 points to 85.1 per cent, said IndiGo in its filing.
The company projects capacity in available seat per kilometer this quarter to expand to 45 per cent from a year earlier.
"Third quarter performance was strong both operationally and financially in the backdrop of robust demand for air travel. The wide range of initiatives that were set in motion across the organisation have started to yield results," IndiGo CEO Pieter Elbers said.
"With a modern fleet of over 300 aircraft, we continue to serve the market with further capacity growth planned across domestic and international sectors," he said.
Shares of IndiGo declined 1.21 per cent to close at ₹2,100 apiece on the BSE.
