IndiGo quarter results of FY25 Q4

Driven by strong demand for air travel and execution of our strategy, for the financial year ended March 2025, IndiGo reported a healthy net profit of INR 72,584 million. Excluding the impact of foreign exchange, IndiGo reported a net profit of INR 88,676 million, maintaining similar strong performance to the last year. For the quarter ended March 2025, IndiGo reported a net profit of INR 30,675 million, the highest fourth quarter ever.

As a reflection of our strong performance and our confidence in the future, we are pleased to announce a dividend of 10 rupees per share, subject to shareholder approval at the upcoming AGM.

Further, in recognition of our consistent financial results, sound balance sheet, and disciplined financial management, IndiGo has been awarded its debut international investment grade credit rating by a leading credit rating agency – Moody’s.

Gurgaon, May 21, 2025: InterGlobe Aviation Ltd. (“IndiGo”) today reported its fourth quarter and fiscal year 2025 results.

For the quarter ended March 31, 2025, compared to the same period last year

• Capacity increased by 21.0% to 1 billion
• Passengers increased by 6% to 31.9 million
• Yield increased by 4% to INR 5.32 and load factor improved by 1.1 pts to 87.4%
• Revenue from Operations increased by 3% to INR 221,519 million
• Reduction in fuel CASK by 6% to INR 1.60
• EBITDAR of INR 69,482 million (31.4% EBITDAR margin), compared to EBITDAR of INR 44,123 million (24.8% EBITDAR margin)
• Net profit of INR 30,675 million, compared to net profit of INR 18,948 million

For the year ended March 31, 2025, compared to year ended March 31, 2024

• Capacity increased by 13.1% to 5 billion
• Passengers increased by 1% to 118.6 million
• Yield increased by 3% to INR 5.15 and load factor was 86.0%
• Revenue from Operations increased by 3% to INR 808,029 million
• Reduction in fuel CASK by 1% to INR 1.66
• CASK ex fuel increased by 5% to INR 3.00
• EBITDAR of INR 212,520 million (26.3% EBITDAR margin), compared to EBITDAR of INR 175,447 million (25.5% EBITDAR margin)
• Excluding foreign exchange loss, profit amounted to INR 88,676 million, compared to profit of INR 88,897 million
• Net profit of INR 72,584 million, compared to net profit of INR 81,725 million
• Basic earnings per share of INR 93

Profitability Metrics

*Net of loss on forex hedging of INR 502 million and gain of INR 2 million for quarter ended Mar’25 and Mar’24 respectively

*Net of gain on forex hedging of INR 87 million and INR 2 million for year ended Mar’25 and Mar’24 respectively

Operational Metrics*

*Includes non-scheduled operations

*Includes non-scheduled operations

Mr. Pieter Elbers, CEO, said,

“We are proud to report healthy financial performance for this quarter and the financial year 2025 as we reported a net profit of INR 72,584 million. Our sustained performance is the result of record passenger volumes, operational efficiencies, agility and commitment demonstrated by IndiGo employees. A big thank you to our 118.6 million customers in FY25 for placing their trust in us and to all my IndiGo colleagues for their great work and relentless dedication.

As we build on this momentum, we will continue to focus on cost leadership and further Internationalization with the start of our European operations.

I am very pleased that the trust and continued support of our shareholders during the challenging covid period and beyond can now be rewarded with a recommended dividend of 10 rupees per share. Further, our continued performance and strong balance sheet has also been recognized by a leading International credit rating agency by assigning an Investment grade credit rating”

Revenue and Cost Comparisons

Total income for the quarter ended March 2025 was INR 230,975 million, an increase of 24.8% over the same period last year. For the quarter, our passenger ticket revenues were INR 195,673 million, an increase of 25.4% and ancillary revenues were INR 21,525 million, an increase of 25.2% compared to the same period last year.

*Net of finance income of INR 9,509 million and INR 6,470 million for quarter ended Mar’25 and Mar’24 respectively

*Net of finance income of INR 31,119 million and INR 21,749 million for full year ended Mar’25 and Mar’24 respectively

Total expenses for the quarter ended March 2025 were INR 199,281 million, an increase of 19.1% over the same quarter last year.

* Net of finance income of INR 9,509 million and INR 6,470 million for quarter ended Mar’25 and Mar’24 respectively

*Net of finance income of INR 31,119 million and INR 21,749 million for full year ended Mar’25 and Mar’24 respectively

Cash and Debt

As of 31^st March 2025

• IndiGo had a total cash balance of INR 481,705 million comprising INR 331,531 million of free cash and INR 150,174 million of restricted cash.
• The capitalized operating lease liability was INR 479,801 The total debt (including the capitalized operating lease liability) was INR 668,098 million.

Network and Fleet

• As of 31^st March 2025, fleet of 434 aircraft including 40 A320 CEOs (14 damp lease), 195 A320 NEOs, 135 A321 NEOs, 48 ATRs, 3 A321 freighters, 3 B777 (damp lease), 9 B737 (damp lease) and 1 B787 (damp lease); a net decrease of 3 passenger aircraft during the
• IndiGo operated at a peak of 2,304 daily flights during the quarter including non-scheduled
• During the quarter, provided scheduled services to 91 domestic destinations and 40 international destinations.

Operational Performance

For the period January-March’25

• IndiGo had a Technical Dispatch Reliability of 92%.
• IndiGo had an on-time performance of 3% at four key metros and flight cancellation rate of 0.8%.

Future Capacity Growth

• First quarter of fiscal year 2026 capacity in terms of ASKs is expected to increase by mid- teens as compared to the first quarter of fiscal year 2025.

Awards and Accolades

• IndiGo was awarded ‘Jombay Workplace of Winner (WOW) Award 2025’
• IndiGo was recognized as the ‘World’s Youngest Aircraft Fleet 2025’ by ch-aviation for Third consecutive year
• IndiGo won ‘Partner of the Year’ award by Changi Airport Group

Conference Call

The Company will conduct a live audio earnings call today, May 21 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 434 aircraft and provided scheduled services to 91 domestic and 40 international destinations as of 31^st March 2025.

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.