Thursday, November 10, 2016

IndiGo quarterly profit rises to Rs 140 cr; to add more planes

IndiGo's parent InterGlobe Aviation today reported a 24 per cent jump in net profit at Rs 139.85 crore in the quarter ended September 2016, primarily helped by higher passenger revenues, while the budget carrier expects to have a fleet of 136 planes by end of this fiscal.
The net profit stood at Rs 113.13 crore in the year-ago period.
IndiGo, which has the largest market share in the domestic aviation market, saw its total revenue from operations surge to Rs 4,166.93 crore in the three months to September. The same stood at Rs 3,539.93 crore in the year-ago period.
The budget carrier posted higher profit despite total expenses going up to Rs 4,090.18 crore in the 2016 September quarter, according to a BSE filing.
For the quarter, passenger revenues were Rs 3,597.88 crore, an increase of 18 per cent, while ancillary revenues stood at Rs 558.41 crore, a rise of 17.7 per cent compared with the same period last year, the filing said.
"We are pleased to report another profitable quarter and traffic growth of 32.7 per cent. At the same time, our unit cost excluding fuel has reduced by 9.7 per cent despite operating in an inflationary environment," said IndiGo Whole-Time Director and President Aditya Ghosh.
09/11/16 PTI/Business Today