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IndiGo Q3 profit dives 75% YoY to Rs 191 crore on higher fuel prices

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NEW DELHI: InterGlobe Aviation (IndiGo) on Wednesday reported a 75 per cent year-on-year (YoY) drop in profit after tax (PAT) at Rs 190.90 crore for December quarter, mainly on high fuel prices and currency depreciation. The company reported Rs 762 crore profit in year-ago period. Revenue from operation rose 28.1 per cent YoY to Rs 7,916.20 crore from Rs 6,177.90 crore in same quarter last year.

Other income rose 35.5 per cent YoY to Rs 313.10 crore, company said in a BSE filing.

Profit before tax (PBT) margin shrank to 2.4 per cent from 17.3 per cent in same quarter last year.

EBITDAR margin came in at 21.2 per cent, down 11.2 percentage points over 32.4 per cent in year-ago quarter. The company's debt rose 1.8 per cent YoY to Rs 14,136.10 crore as of December 31, compared with Rs 13,887.40 crore in year-ago quarter.

Free cash fell 43 per cent to Rs 4,618.30 crore against Rs 8,097.80 crore in year-ago quarter. For quarter, on-time performance was at 79.1 per cent, technical dispatch reliability at 99.87 per cent while flight cancellation rate was at 0.45 per cent, company said.




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