Mumbai: Interglobe Aviation, that owns the country's largest airline IndiGo, on Monday reported its highest quarterly profit with a 37.1 percent increase in bottom line at Rs 811.14 crore for the three months to June from Rs 591.77 crore in the like period of last fiscal.
The low cost carrier's (LCC) total revenue during the quarter under review grew by 25.6 percent to Rs 5,955.54 crore from Rs 4,741.45 crore reported in the corresponding quarter of 2016-17.
The New Delhi-based carrier, that enjoys over 40 percent market share, said its revenue clipped past 25.6 percent to Rs 5,955 crore, driven by higher passenger revenue that grew 5.5 percent and higher load factor that grew 4.7 percent pushing up the overall yields by 200 bps.
"We are pleased to report our highest ever profit after tax this quarter. At the same time, we are ranked number 1 in on-time performance for the quarter," Aditya Ghosh, IndiGo President and Whole-time Director, was quoted as saying in a statement.
"This strong financial and operational performance allows us to stay focused on growing our network."
"The total debt as on 30th June 2017 was Rs 25,241 million (Rs 2,524 Crore). The entire debt for IndiGo is aircraft related. IndiGo does not have any working capital debt," the statement said.
The airline attributed the good set of numbers to overall improvement in all key operational metrics, including overhead cost, which declined by 2.5 percent.
Currently, IndiGo is India's largest airline with a market share of 40 percent in June 2017. Its has a fleet of 135 Airbus-320 aircraft, including 22 A320 Neos as of June 30, 2017.
The airline offers 937 peak daily flights during the quarter connecting 39 domestic and seven international destinations.
Updated Date: Aug 01, 2017 09:49 AM