IndiGo reports highest ever quarterly profit at Rs 1,203 crore in Q1FY20; key figures in nutshell
InterGlobe Aviation, the parent company that operates IndiGo, on Friday reported 27.8 per cent rise in net profit to Rs 1,203 in the first quarter of FY20 as against Rs 27.8 crore in the same period of the last fiscal, benefiting from the collapse of Jet Airways, as more passengers chose to fly its low-cost carrier IndiGo.The IndiGo CEO Rono Dutta said that the company reported its highest ever quarterly profit in Q1FY20. The revenue rose over 44 per cent to Rs 9,420.1 in Q1 as against Rs 6,512 in the corresponding period of the last quarter, the airline said in a regulatory filing. EBITDAR stood at Rs 2,779 crore in this quarter as compared to Rs 1,130 crore in FY19.
The yield surged 12.8 per cent at Rs 4.08 per km as against Rs 3.62 per km on a yearly basis, the company also said. For fiscal year 2020, year over year capacity increase in ASKs is expected to be 30 per cent. For second quarter fiscal year 2020, year over year capacity increase in ASKs is expected to be 28 per cent, it added.
