For the quarter ended June 2024, IndiGo continued the growth path and reported a total income of INR 202.5 billion with a net profit of INR 27.3 billion

Gurgaon, July 26, 2024: InterGlobe Aviation Ltd. (“IndiGo”) today reported its first quarter fiscal year 2025 results.

For the quarter ended June 30, 2024, compared to the same period last year

• Capacity increased by 1% to 36.3 billion
• Passengers increased by 6.2% to 8 million
• Yield increased by 3% to INR 5.24 and load factor reduced by 1.9 pts to 86.7%
• Revenue from Operations increased by 3% to INR 195,707 million
• Fuel CASK increased by 10.5% to INR 77
• CASK ex fuel increased by 1% to INR 2.86
• EBITDAR of INR 58,111 million (29.7% EBITDAR margin), compared to EBITDAR of INR 52,108 million (31.2% EBITDAR margin)
• Excluding foreign exchangeloss, profit amounted to INR 27,863 million compared to profit of INR 29,745 million
• Net profit of INR 27,288 million, compared to net profit of INR 30,906 million

Profitability Metrics

Operational Metrics*

*Includes non-scheduled operations

Mr. Pieter Elbers, CEO, said,“I am pleased to report another strong quarterly financial performance for the first quarter of financial year 2025. A continued growth in total income of 18 percent as compared to the same period last year to 202.5 billion rupees and a net profit of 27.3 billion rupees, resulting in a solid margin of around 14 percent.

I want to extend heartfelt gratitude to our 28 million customers this quarter for their continued loyalty and choosing IndiGo for their travels. In a few days, we will celebrate our 18^th anniversary wherein we will unveil our recently announced new initiatives to address the evolving market developments and our customers’ feedback. I would also like to thank all my 6E colleagues for their continued dedication, professionalism, and commitment in serving our customers.”

Revenue and Cost Comparisons

Total income for the quarter ended June 2024 was INR 202,489 million, an increase of 18.0% over the same period last year. For the quarter, our passenger ticket revenues were INR 165,019 million, an increase of 10.0% and ancillary revenues were INR 17,634 million, an increase of 13.9% compared to the same period last year.

*Net of finance income of INR 6,504 million and INR 4,360 million for quarter ended Jun’24 and Jun’23 respectively

Total expenses for the quarter ended June 2024 were INR 174,449 million, an increase of 24.0% over the same quarter last year.

*Net of finance income of INR 6,504 million and INR 4,360 million for quarter ended Jun’24 and Jun’23 respectively

Cash and Debt

As of 30^th June 2024

• IndiGo had a total cash balance of INR 361,006 million comprising INR 220,876 million of free cash and INR 140,130 million of restricted
• The capitalized operating lease liability was INR 449,567 The total debt (including the capitalized operating lease liability) was INR 525,264 million.

Network and Fleet

• As of 30^th June 2024, fleet of 382 aircraft including 38 A320 CEOs, 196 A320 NEOs, 98 A321 NEOs, 45 ATRs, 3 A321 freighters and 2 B777 (damp lease); a net increase of 15 passenger aircraft during the
• IndiGo operated at a peak of 2,029 daily flights during the quarter including non-scheduled
• During the quarter, provided scheduled services to 88 domestic destinations and 30 international destinations.

Operational Performance

For the period April-June’24

• IndiGo had a Technical Dispatch Reliability of 89%.
• IndiGo had an on-time performance of 8% at four key metros and flight cancellation rate of 1.1%.

Future Capacity Growth

• Second quarter of fiscal year 2025 capacity in terms of ASKs is expected to increase by high single digits as compared to the second quarter of fiscal year

Awards and Accolades

• IndiGo won the ‘Diversity, Equity, and Inclusion (DEI) Champion Award’ by the Bombay Chamber of Commerce and Industry
• IndiGo was honoured with ‘Airline of the Year – Domestic’ award at the Bangalore Airport Pinnacle Awards 2024
• IndiGo won prestigious ‘Treasury Team of the Year (Aviation) Award’ at The Asset Triple ATreasuries Awards 2024
• IndiGo was recognized at the 7^th Edition of BW (Business World) CFO World – Best CFO & Finance Strategy Award in the ‘Digital Transformation Project of the Year’

Conference Call

The Company will conduct a live audio earnings call today, July 26 at 5 pm IST which will be available to the public on a listen only mode followed by Q&A session. The dial-in details are given below:

About IndiGo

IndiGo is amongst the fastest growing low-cost carriers in the world. IndiGo has a simple philosophy: offer fares that are low, flights that are on time, and a courteous, hassle-free travel experience. It had a fleet of 382 aircraft and provided scheduled services to 88 domestic and 30 international destinations as of 30th June 2024.

Disclaimer

This document may contain some statements on the Company’s business or financials which may be construed as forward-looking. The actual results may be materially different from these forward-looking statements.