IndiGo Q1 FY25 Results: InterGlobe Aviation net profit jumps 44% to Rs 2,729 crore, beats Street estimates
IndiGo Q1 FY25 Results: InterGlobe Aviation reported a 9.8 per cent sequential increase in revenue for the April-June period. Earlier in the day, IndiGo shares ended 1.4 per cent higher at Rs 4,491.3 apiece on BSE.
IndiGo Q1 FY25 Results: IndiGo airline operator InterGlobe Aviation on Friday reported a consolidated net profit of Rs 2,729 crore for the quarter ended June 30, an increase of 44 per cent compared with the previous three months.
Its first-quarter revenue grew to Rs 19,571 crore from Rs 17,825 crore in the last quarter of the previous financial year, according to a regulatory filing.
The company's top line and bottom line both exceeded analysts' expectations.
According to Zee Business research, the airline operator was estimated to register a consolidated net profit of Rs 2,404 crore over revenue of Rs 18,718 crore for the April-June period.
“I am pleased to report another strong quarterly financial performance for the first quarter of financial year 2025... I want to extend heartfelt gratitude to our 28 million customers this quarter for their continued loyalty and choosing IndiGo for their travels," said Pieter Elbers, CEO, IndiGo.
IndiGo's capacity increased 11.1 per cent to 36.3 billion compared with the corresponding period a year ago while the number of passengers grew 6.2 per cent to 27.8 million, according to a press release.
Its quarterly passenger ticket revenue expanded 10.0 per cent to Rs 16,501.9 crore while ancillary revenue increased 13.9 per cent to Rs 1,763.4 crore compared with the year-ago.
"In a few days, we will celebrate our 18th anniversary wherein we will unveil our recently announced new initiatives to address the evolving market developments and our customers’ feedback. I would also like to thank all my 6E colleagues for their continued dedication, professionalism, and commitment in serving our customers," added Elbers.
Earlier on Friday, IndiGo shares ended 1.4 per cent higher at Rs 4,491.3 apiece on BSE.
As of June 30, IndiGo operated a fleet of 382 aircraft including 38 A320 CEOs, 196 A320 NEOs, 98 A321 NEOs, 45 ATRs, 3 A321 freighters, and 2 B777 (damp lease), marking a net increase of 15 passenger aircraft during the quarter.
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