IndiGo Q2 FY25 Results: India's largest airline posts Rs 987 crore loss
InterGlobe Aviation—the country's largest airline by passengers carried—has reported a consolidated net loss of Rs 987 crore for the July-September period, impacted by higher fuel costs and a number of groundings.
IndiGo Q2 Results: InterGlobe Aviation—which owns and operates the IndiGo airline—on Friday reported a consolidated net loss of Rs 987 crore for the July-September period. That was in stark contrast to a net profit of Rs 2,729 crore for the previous quarter.
The bottom-line was worse than analysts' expectations.
According to Zee Business research, IndiGo was estimated to register a net loss of Rs 295 crore for the second quarter of the current financial year.
The earnings included a forex loss of Rs 240.5 crore for the July-September period, up more than four times on a sequential basis.
Higher fuel costs and a peak number of groundings impacted its bottom-line though the number of groundings decreased.
IndiGo Q2 FY25 Results | What did the top-line look like?
InterGlobe Aviation registered September-quarter revenue of Rs 16,970 crore, translating to a decline of 13.3 per cent on a quarter-on-quarter basis.
Its other income grew 16.4 per cent sequentially to Rs 789.4 crore.
Zee Business analysts had pegged the airline's top-line at Rs 16,200 crore.
IndiGo Q2 Earnings | How did the airline fare on the operational front?
IndiGo logged a 58.1 per cent sequential decline in its earnings before interest, taxes, depreciation, amortisation, and restructuring or rent costs (EBITDAR) to Rs 2,434 crore for the September quarter.
Its margin contracted by 1,540 basis points, or 15.4 percentage points, to 14.3 per cent.
According to Zee Business research, the airline's EBITDAR was estimated at Rs 2,250 crore and margin at 13.9 per cent.
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