In This Article:
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Total Income: INR230 billion for Q3 FY2025, a 15% increase year-over-year.
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Profit After Tax (Excluding Currency Impact): INR38.5 billion, with a margin of 17.4%.
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Profit After Tax (Including Currency Impact): INR24.5 billion, with a margin of 11%.
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EBITDA: INR61 billion, compared to INR55 billion in the same period last year.
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Passenger Growth: 31 million passengers in Q3, a 13% year-over-year increase.
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Load Factor: Approximately 87%, 1 point higher than the previous year.
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Passenger Unit Revenue: INR4.72, flat year-over-year.
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Yields: INR5.43, about 1% lower year-over-year.
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RASK (Revenue per Available Seat Kilometer): INR5.44, a 2% increase year-over-year.
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Fuel CASK Reduction: 16% decrease due to a 20% drop in global fuel prices.
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Fleet Size: 437 aircraft, with 33 new aircraft inducted during the quarter.
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Free Cash: INR289 billion at the end of the December quarter.
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Restricted Cash: INR149 billion at the end of the December quarter.
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Capitalized Operating Lease Liability: INR496 billion.
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Total Debt: INR651 billion, including capitalized operating lease liability.
Release Date: January 24, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
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InterGlobe Aviation Ltd (BOM:539448) reported a substantial increase in passenger numbers, with 31 million passengers served in the December quarter, marking a 13% year-over-year growth.
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The company achieved a record high load factor of over 90% during November and December, indicating strong demand and efficient capacity utilization.
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InterGlobe Aviation Ltd (BOM:539448) reported a profit after tax of INR38.5 billion, excluding currency impacts, reflecting a 26% year-over-year growth.
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The airline expanded its network significantly, adding new domestic and international destinations, which positions it well for future growth.
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The introduction of new products like IndiGoStretch business class has been well-received, aligning with evolving customer needs and potentially enhancing revenue streams.
Negative Points
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The company faced a significant foreign exchange loss of INR14 billion due to rupee depreciation, impacting overall profitability.
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Despite strong revenue performance, the profitability was adversely affected by currency fluctuations, highlighting exposure to foreign exchange risks.
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The grounding of aircraft (AOG) remains a challenge, although it is on a downward trajectory, it still impacts operational efficiency and costs.
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Increased competition in the international market led to a higher degree of yield moderation, affecting overall yield performance.
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The cost of damp leases remains high, impacting rental costs, although there is an expectation of moderation in the future.