**IndiGo Q3 Results: Profit Declines Amid Revenue Growth**
InterGlobe Aviation announced on January 24 that its net profit for the December quarter fell by 18.32% year-on-year to ₹2,448.8 crore, down from ₹2,998.1 crore in the same period last year. The company had reported a loss of ₹986.7 crore in Q2FY25. However, consolidated revenue from operations increased by 13.7% year-on-year, reaching ₹22,110.7 crore, up from ₹19,452.1 crore.
Pieter Elbers, CEO of IndiGo, stated, “We delivered a strong third quarter for financial year 2025, both operationally and financially. Our total income reached ₹230 billion, reflecting a growth of 15%, with a profit of ₹38.5 billion excluding currency impacts. Including currency effects, our profit stood at ₹24.5 billion, showcasing the effective execution of our well-defined strategy.” He attributed these results to robust market demand and the company’s ability to meet that demand, aided by lower fuel prices. IndiGo achieved new milestones, operating a peak of 2,200 daily flights and serving a record 31.1 million passengers during the quarter.
**Key Highlights of IndiGo Q3 Earnings:**
– **Net Profit:** ₹2,448.8 crore, down from ₹2,998.1 crore.
– **Revenue from Operations:** Increased by 13.7% year-on-year to ₹22,110.7 crore.
– **EBITDAR:** ₹6,058.7 crore with an EBITDAR margin of 27.4%, compared to ₹5,475.1 crore and a margin of 28.1% in the previous year.
– **Total Income:** ₹22,992.8 crore, up 14.6% year-on-year.
– **Passenger Ticket Revenues:** ₹19,267.8 crore, a 12.3% increase.
– **Ancillary Revenues:** ₹2,153.1 crore, up 22.3% year-on-year.
– **Total Expenses:** ₹20,465.7 crore, a 19.9% increase compared to the same quarter last year.
**Cash and Debt Position:**
As of December 31, 2024, IndiGo reported a total cash balance of ₹43,780.8 crore, which includes ₹28,903.5 crore in free cash and ₹14,877.3 crore in restricted cash. The capitalized operating lease liability stood at ₹49,593.7 crore, with total debt (including the lease liability) amounting to ₹65,138.5 crore.
**Network and Fleet:**
By December 31, 2024, IndiGo operated a fleet of 437 aircraft, with a net increase of 27 passenger aircraft during the quarter. The airline maintained a peak operation of 2,200 daily flights, including non-scheduled services.