IndiGo reports net loss of INR 14,357 million for the quarter ended September

InterGlobe Aviation Ltd. (“IndiGo”) today reported its second-quarter fiscal year 2022 results. Revenue from Operations of INR 56,085 million for the quarter registered an increase of 104.6% against a 78.3% increase in capacity compared to same period last year. the airline registered the following:

  • EBITDAR of INR 3,408 million with EBITDAR margin of 6.1% for the quarter, compared to EBITDAR of INR 4,085 million with EBITDAR margin of 14.9% for the same period last year.
  • Loss before tax of INR 14,357 million, compared to loss before tax of INR 11,949 million for the same period last year
  • Basic earnings per share was negative INR 37.29 for the quarter.
  • Strong liquidity position with a total cash of INR 165,539 million including free cash of INR 63,516

The Company’s CEO, Mr. Ronojoy Dutta said, “We are encouraged by the pace of revenue recovery. We continue to work towards return to profitability in order to strengthen our balance sheet. With a modern fleet, dedicated employees and a stronger economic environment we are well-positioned to leverage all the growth opportunities around us.”

Total income for the quarter ended September 2021 was INR 57,987 million, an increase of 91.4% over the same period last year. For the quarter, our passenger ticket revenues were INR 47,163 million, an increase of 113.6% and ancillary revenues were INR 8,177 million, an increase of 61.4% compared to the same period last year.


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