IndiGo reports record profit after tax of INR 22.4 million for fiscal 2018

InterGlobe Aviation (IndiGo) revealed its fourth quarter and fiscal year 2018 results. According to the reports, the revenue from operations was INR 230,208.87 million for the year ended March 2018, which was an increase of 23.9% compared to last year. Revenue from operations for the quarter ended March 2018 was INR 57,991.13 million, an increase of 19.6% compared to same period last year.

According to the reports, it ended the quarter with a fleet of 159, added a net of six aircraft including three ATRs. Four new destinations were added in the quarter with a total number of destinations increased to 50 including 8 international destinations.

Earnings before interest, taxes, depreciation, and amortization (EBITDAR) of INR 66,768.20 million with EBITDAR margin of 29% was recorded for the year ended March 2018 when compared to EBITDAR of INR 54,408.48 million with EBITDAR margin of 29.3% for last year for the same period.

For the quarter ended on March this year, the EBITDAR was positioned at INR 11.3 million with a margin of 19.5% compared to last year’s 14.4 million with a margin of 29.9% quarter end.

Profit Before Tax was up by 45.8% with INR 31,266.77 million for the year ended March 2018. Profit After Tax of INR 22,423.74 million for the year ended March 2018 was revealed with an increase of 35.1% compared to last year.

Rahul Bhatia, Co-founder and Interim CEO, IndiGo while presenting the report said, “We have reported our highest ever annual profits for fiscal 2018 with a profit margin of 9.7%. We continue to execute on our growth plans. We remain focused on creating long-term shareholder value by building a large and profitable air transport network.”

For the fiscal year 2018-2019, year over year capacity increase in ASKs is expected to be 25%. The first quarter fiscal year 2019, year over year capacity increase is forecast to be 18% in the in ASKs.