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Indigo Reports A Strong Set Of Numbers For Q3 2023

IndiGo reported a net profit of INR 29,981 million for the quarter ended December 2023.

Profitable results over the last 5 consecutive quarters is an outcome of focused execution of strategy and robust demand.

InterGlobe Aviation Ltd. (“IndiGo”) have reported their third quarter fiscal year 2024 results.

A quick snapshot - For the quarter ended December 31, 2023, compared to the same period last year:

  • Capacity increased by 26.8%  Passengers increased by 23.4% to 27.5 million 

  • Yield increased by 2.0% to INR 5.48 and load factor improved by 0.7 points to 85.8% 

  • Revenue from Operations increased by 30.3% to INR 194,521 million 

  • Reduction in fuel CASK by 6.7% to INR 1.88  CASK ex fuel decreased by 4.2% to INR 2.64  EBITDAR of INR 54,751 million (28.1% EBITDAR margin), compared to EBITDAR of INR 33,990 million (22.8% EBITDAR margin) 

  • Excluding foreign exchange loss, profit amounted to INR 30,491 million compared to profit of INR 20,091 million 

  • Net profit of INR 29,981 million, compared to net profit of INR 14,226 million

We post full financials below:

Indigo Q3 2023 Unaudited_Financial_Results
Download PDF • 325KB

A full analysis and breakdown of the results, including key insights are available for our premium clients. Please get intouch with your local client manager inorder to schedule a briefing call.

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