Airlines company InterGlobe Aviation announced Q4FY24 & FY24 results:
Q4FY24 Financial Highlights:
- Capacity increased by 14.4% to 34.8 billion
- Passengers increased by 14.0% to 26.7 million
- Yield increased by 7.0% to Rs 5.19 and load factor improved by 2.1 pts to 86.3%
- Revenue from Operations increased by 25.9% to Rs 1,78,253 million
- Reduction in fuel CASK by 6.9% to Rs 1.72
- CASK ex fuel increased by 14.7% to Rs 2.90
- EBITDAR of Rs 44,123 million (24.8% EBITDAR margin), compared to EBITDAR of Rs 29,665 million (20.9% EBITDAR margin)
- Excluding foreign exchange loss, profit amounted to Rs 20,602 million compared to profit of Rs 6,664 million
- Net profit of Rs 18,948 million, compared to net profit of Rs 9,192 million
FY24 Financial Highlights:
- Capacity increased by 21.8% to 139.3 billion
- Passengers increased by 24.7% to 106.7 million
- Yield decreased by 1.0% to Rs 5.08 and load factor improved by 3.8 pts to 85.9%
- Revenue from Operations increased by 26.6% to Rs 6,89,043 million
- Reduction in fuel CASK by 17.0% to Rs 1.72
- CASK ex fuel decreased by 3.6% to Rs 2.66
- EBITDAR of Rs 1,75,447 million (25.5% EBITDAR margin), compared to EBITDAR of Rs 73,116 million (13.4% EBITDAR margin)
- Excluding foreign exchange loss, profit amounted to Rs 88,899 million compared to profit of Rs 26,540 million
- Net profit of Rs 81,725 million, compared to net loss of Rs 3,058 million
- Basic earnings per share of Rs 211.84
Pieter Elbers, CEO, said, “FY24 has been a year of many remarkable achievements and milestones. For the full financial year 2024, we reported our highest ever total income of around 712 billion rupees with a net profit of around 82 billion rupees and a net profit margin of 11.9%. The 4th quarter financial results were positive, making it all four quarters in FY24 profitable. The strong execution of our strategy has yielded consistent results for us as we achieved the targets that we had set for ourselves as a team at the beginning of the year. My sincere gratitude to our 107 million customers for placing their trust in us and to all my IndiGo colleagues for their great work and relentless dedication.”