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Home » IndiGo operator’s net profit hit due to wavering Re, crude

IndiGo operator’s net profit hit due to wavering Re, crude

NT BureauBy NT BureauJanuary 24, 2019No Comments
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Chennai: InterGlobe Aviation, the operator of low-cost carrier IndiGo, reported a net profit of Rs 191 crore for the December quarter. The airline had posted a profit of Rs 762 crore. Profit of the company was hit due to adverse impact of crude oil prices as well as depreciation in the rupee.

Its revenues rose 28 per cent (y-o-y) at Rs 7,916.2 crore from Rs 6,178 crore posted last year.

The earnings before interest, taxes, depreciation, amortization and rentals fell 16 per cent to Rs 1,681.4 crore against Rs 2,001 crore posted last year. The EBITDAR margin came in at 21.2 per cent, down from 32.4 per cent y-o-y.

IndiGo has reported other income to the tune of Rs 313 crore against Rs 231 crore last year. Forex gains have also seen a rise to Rs 103.5 crore against Rs 80.3 crore last year.

The yield has been reported at Rs 3.83 per kilometer. The total debt is Rs 2,475.9 crore.

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