INDIGO Quarterly results announced on 26- jul-2024

IndiGo’s Q1 results show a mixed performance:

1. Net Profit: The company’s net profit decreased by 12%, falling to ₹2,729 crore from ₹3,091 crore compared to the same period last year.

2. Revenue: Despite the drop in net profit, IndiGo’s revenue increased by 17%, reaching ₹19,571 crore compared to ₹16,683 crore in the previous year.

3. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization): EBITDA rose by 4% to ₹5,160 crore from ₹4,975 crore year-over-year.

4. EBITDA Margin: The EBITDA margin, which indicates the company’s operating profitability, decreased to 26.4% from 29.8% in the same period last year.

5. EBITDAR (Earnings Before Interest, Taxes, Depreciation, Amortization, and Rent): EBITDAR increased by 11.5%, reaching ₹5,811 crore compared to ₹5,211 crore year-over-year.

6. ASK (Available Seat Kilometers): ASK, a measure of an airline’s passenger carrying capacity, went up by 11%, totaling 36.3 billion from 32.7 billion in the previous year.

7. Yield: Yield, which represents the average fare paid per kilometer per passenger, increased by 1.3%, rising to ₹5.24 compared to the previous year.

In summary, while IndiGo’s revenue and some operational metrics improved, its profitability faced challenges, reflected in the reduced net profit and EBITDA margin.