IndiGo Q3 results reveal that InterGlobe’s net profit has decreased by 18% to Rs 2,449 crore, despite the ongoing demand momentum.
IndiGo Q3 results: Aviation Ltd, the parent company of IndiGo, reported a net profit of Rs 2,449 crore for the third quarter of the fiscal year 2025. This figure represents an 18 percent decrease from the Rs 2,998 crore reported a year ago, despite the ongoing demand for air travel. The decline in profit can be attributed to the fact that the major festival season travel occurred during the October-December quarter in the previous year, unlike this year.
Revenue for the third quarter of the fiscal year saw a significant increase of 14 percent, reaching Rs 22,111 crore compared to Rs 19,452 crore in the same period the previous year. This growth was primarily driven by a 12 percent increase in available seat kilometers (ASK) and a 13.5 percent rise in revenue passenger kilometers (RPK). The load factor also improved by 1.2 percentage points to 86.9 percent.
However, the airline’s cost per available seat kilometer (CASK), excluding fuel, experienced a sharp increase of 23.1 percent year-on-year, reaching Rs 3.25. This rise reflects the impact of inflationary pressures and higher operational costs. Additionally, depreciation and amortization expenses surged by 33.6 percent during the quarter.
IndiGo’s EBITDAR (earnings before interest, tax, depreciation, amortization, and rent) increased by 10.7 percent to Rs 6,059 crore, with an EBITDAR margin of 27.4 percent, down 70 basis points from the previous year. Adjusted for forex impacts, the EBITDAR margin improved to 33.7 percent.
Over the past year, IndiGo’s share price has risen by more than 42 percent, resulting in a market capitalization of Rs 1.6 lakh crore. The stock performed well ahead of the results announcement, closing up 0.7 percent at Rs
During the quarter, the airline carried 273.25 lakh passengers, representing a market share of 63.8 percent. This is an increase from the year-ago period when IndiGo carried 243.10 lakh passengers, commanding a market share of 62.1 percent.
As of December 31, 2024, IndiGo’s total cash reserves reached Rs 43,781 crore, marking a 35 percent increase from the previous year. Free cash also saw significant growth, rising by 50.5 percent to Rs 28,904 crore. However, debt increased by 27.3 percent year-on-year to Rs 65,139 crore, primarily due to capitalised operating lease liabilities.
In the previous quarter (July-September), IndiGo reported a net loss of Rs 987 crore. This was attributed to higher airport fees and charges, aircraft repair and maintenance fees, and fuel expenses.
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