IndiGo Q3 FY25 Earnings: InterGlobe Aviation's profit falls 18% to Rs 2,448.8 cr on currency woes

The country's largest hose IndiGo connected Friday saw its nett aft taxation descent 18.3 per cent to Rs 2,448.8 crore successful the 3 months ended December 2024, arsenic currency volatility took a toll connected the bottommost line.

With the summation successful the fig of capableness and passengers, the carrier's full income jumped 14.6 per cent to Rs 22,992.8 crore successful the 3rd 4th of the existent fiscal year, according to a release.

In the year-ago period, the aforesaid stood astatine Rs 20,062.3 crore.

InterGlobe Aviation is the genitor of IndiGo, which flew 31.1 cardinal passengers successful the latest December quarter.

In the 2023 December quarter, the bearer had a nett aft taxation of Rs 2,998.1 crore.

"Driven by beardown request for aerial travel, continued growth, and little substance cost, for the 4th ended December 2024, IndiGo reported a coagulated nett of Rs 38.5 billion, excluding the interaction of currency question against a nett of 30.5 cardinal during the aforesaid play past year.

"Including the interaction of overseas exchange, the nett net for the 4th aggregated to Rs 24.5 billion," the merchandise said.

Fuel cost, which accounts for a important chunk of an airline's operational expenses, fell 6.1 per cent to Rs 6,422.6 crore successful the latest December 4th adjacent arsenic full costs climbed 19.9 per cent to Rs 20,465.7 crore.

"We delivered a beardown 3rd 4th of fiscal twelvemonth 2025, some operationally and financially. We reported a full income of Rs 230 billion, reflecting a maturation of 15 per cent and profit, excluding the interaction of currency question of Rs 38.5 billion.

"Including currency impact, we reported a nett of Rs 24.5 billion, highlighting effectual execution of our wide and well-defined strategy," IndiGo CEO Pieter Elbers said.

He besides noted that these results were driven by robust request successful the marketplace and the quality to cater to that request supported by little substance prices.

During the December 2024 quarter, the airline's output fell 1 per cent to Rs 5.43 portion portion rider gross inched up 0.3 per cent to Rs 4.72.

For the 4th fourth ending March this year, the hose expects capableness successful presumption of ASKs to summation by astir 20 per cent compared to the year-ago period. ASK refers to Available Seat Per Kilometre.

At the extremity of December 31, the institution had a full currency equilibrium of Rs 43,780.8 crore, comprising Rs 28,903.5 crore of escaped currency and Rs 14,877.3 crore of restricted cash.

"The capitalised operating lease liability was Rs 495,937 million. The full indebtedness (including the capitalised operating lease liability) was Rs 651,385 million," the merchandise said.

IndiGo's fleet size stood astatine 437 planes astatine the extremity of the December quarter.