IndiGo posts Rs 870.8 cr Q4 net loss, 1st ever FY net loss

Covid-19 battered airline major IndiGo on Tuesday reported a net loss of over Rs 870 crore for the fourth quarter of 2019-20. The airline had posted a net profit of Rs 595.8 crore during Q4 of the previous fiscal.

However, the company`s revenue from operations grew 5.3 per cent to Rs 8,299.1 crore in the last quarter of FY20, compared with Rs 7,883.3 crore registered during the same period in 2018-19.

Besides, IndiGo reported its first ever net loss for an entire fiscal for 2019-20.

Accordingly, the net loss is Rs 233.7 crore, from a net profit of Rs 157.2 crore in 2018-19.

On the full year revenue from the operations side, the airline reported a growth of 25.5 per cent to Rs 35,756 crore in FY20 from Rs 28,496.8 crore registered for the previous fiscal.

As of March 31, 2020, IndiGo had a total cash balance of Rs 20,376.9 crore comprising of Rs 8,928.1 crore of free cash and Rs 11,448.8 crore of restricted cash.

The company`s capitalised operating lease liability was Rs 20,284.9 crore and the total debt (including the capitalised operating lease liability) was Rs 22,719.2 crore.

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As of March 31, 2020, Indigo`s fleet consisted of 262 aircraft, including 123 A320ceos, 100 A320neos, 14 A321neos and 25 ATRs.