Interglobe Aviation Ltd., parent company of India’s largest airline by market share, IndiGo, reported an 18% year-on-year decline in its December quarter consolidated net profit at ₹2,449 crore as against ₹2,998 crore seen in the year-ago period. The airline posted a loss of ₹988 crore in the preceding September quarter.
The third quarter performance was driven by strong demand for air travel, continued growth, and lower fuel cost.
The airline’s revenue from operations rose 14% year-on-year to ₹22,111 crore, compared to ₹19,452 in the corresponding quarter of last year.
The topline number was higher than CNBC-TV18’s poll of 21,909 crore; however bottomline was below CNBC-TV18’s poll estimate of ₹3,152 crore.
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) rose 0.7% year-on-year to ₹5,178.6 crore, which was higher than last year’s ₹5,143.6 crore.
EBITDA margin of 23.4% was lower than 26% on a year-on-year basis.
IndiGo slipped back into the red in the previous September quarter, reporting a loss of ₹987 crore even as its revenue climbed 14% YoY to ₹16,970 crore.
“We delivered a strong third quarter of financial year 2025, both operationally and financially. We reported a total income of ₹23,000 crore, reflecting a growth of 15% and profit excluding the impact of currency movement of ₹3,850 crore. Including currency impact, we reported a profit of ₹2,450 crore highlighting effective execution of our clear and well-defined strategy. These results were driven by robust demand in the market and our ability to cater to that demand supported by lower fuel prices,” said CEO Pieter Elbers.
The IndiGo CEO said the company touched new milestones as it operated a peak of 2,200 daily flights and served a record 31.1 million passengers during the quarter. “We will continue the growth path to offer our customers with options to conveniently fly to the destination of their choice,” he said.
Available Seat Kilometers (ASK), which measures an airline’s capacity to carry passengers, came in at 4,080 crore as against 3,650 crore, a growth of 12% on-year.
Revenue Passenger Kilometers (RPK), which measures the number of passengers carried by an airline, stood at 3,550 crore as against 3,130 crore, seeing a 13.5% on-year rise.
The airline’s load factor increased by 120 basis points to 86.9% in Q3FY25 compared to 85.8% in Q3FY24.
As of December 31, 2024, IndiGo had a total cash balance of ₹43,780.8 crore comprising ₹28,903.5 crore of free cash and ₹14,877 crore of restricted cash.
The capitalised operating lease liability was ₹49,593.7 crore. The total debt, including the capitalised operating lease liability, was ₹65,138.5 crore.
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