Indigo Q4FY18 key takeaways: This is what you must know about airliner's financial performance
Indigo share price feeling the heat since the start of the day’s trading session. At the close, Indigo finished at Rs at Rs 1,355 per piece down by Rs 44 or 3.19% on BSE.
Interglobe Aviation (Indigo) has announced it's fourth quarter ended March 2018 result on Wednesday, under which standalone net profit dropped by a massive 73.28% to Rs 117.64 crore compared to Rs 440.30 crore in the corresponding period of the previous year. Meantime, standalone revenue from operations came in at Rs 5,799.13 crore during this quarter, which increased by 19.61% as against Rs 4,848.22 crore a year ago same period.
A Bloomberg poll of analysts expected Indigo to report PAT and revenue of Rs 499 crore and Rs 6,090 crore respectively in Q4FY18. Indigo share price feeling the heat since the start of the day’s trading session. At the close, Indigo finished at Rs at Rs 1,355 per piece down by Rs 44 or 3.19% on BSE. Here’s a glance at Indigo’s Q4FY18 performance, that you should to know.
Revenue from Operations was Rs 23,020.89 crore for the year ended March 2018, an increase of 23.9% compared to last year.
EBITDAR of Rs 6,676.82 crore with EBITDAR margin of 29.0% for the year ended March 2018, compared to EBITDAR of Rs 5,440.85 crore with EBITDAR margin of 29.3% for last year.
Profit Before Tax of Rs 3,126.67 crore for the year ended March 2018, an increase of 45.8% compared to last year.
Profit After Tax of Rs 2,242.37 crore for the year ended March 2018. an increase of 35.1% compared to last year.
Basic Earnings per share was Rs 60.03 for the year ended March 20 18 and Rs 3.06 for the quarter ended March 2018
Available Seat Kilometres (ASK) stood at 63.5 billion in FY18 higher compared to 54.6 billion in FY17. In Q4FY18, the ASK was at 17.1 billion rising by 20.9% from ASK of 14.1 billion in Q4FY17.
Revenue per kilometer (RPK) stood at 55.5 billion in FY18 up by 20% from RPK of 46.3 billion in FY17. In Q4FY18, RPK was at 15.2 billion rising by 24.8% from RPK of 12.2 billion in Q4FY17.
Load factor was at 87.4% in FY18 vs 84.8% in FY17. It was at 88.9% in Q4FY18 vs 86.1% in Q4FY17.
Revenue and Cost Comparisons
Total income for the quarter ended March 20 18 was Rs 6,056.84 crore, an increase of 17 .8% over last year. For the quarter, our passenger ticket revenues were Rs 5,019.37 crore, an increase of 17.9% and ancillary revenues were Rs 666.08 crore, an increase of 21.5% compared to the same period last year.
Total expenses for the quarter ended March 2018 were Rs 5,890.64 crore, an increase of 30.2% over the same quarter last year. CASK excluding fuel was Rs 1.94, an increase of 5.3% over the same quarter last year.
Cash and Debt
As of 3 1st March 20 18, lndiGo had a total cash balance of Rs 13,708.26 crore comprising of Rs 7,058.66 crore of free cash and Rs 6,649.59 crore of restricted cash.
Total debt as on March 2018 was Rs 2,452.72 crore. The entire debt for lndiGo is aircraft related. lndiGo does not have any working capital debt.
Network and Fleet
As of 3 lst March 2018:
- Fleet of 159 aircraft including 32 A320neos and 6 A TRs; an increase of 6 aircraft during the quarter
- Operated a peak of 1.086 daily flights including international operations during the quarter
- Service to 50 destinations including 8 international cities; added 4 new destinations - 3 domestic and I international
Future Capacity Growth
- Fiscal 2019 year over year capacity increase in ASKs is expected to be 25%
- First quarter fiscal 2019 year over year increase in capacity is expected to be 18%
For the period January-March 20 18, the Company had a Technical Dispatch Reliability of 99.87%, on-time performance of 78. 1 % at four key metros and flight cancellation rate of 1.74%.
The Board of Directors have recommended a final dividend of Rs 6 per share (face value of Rs l 0 per share) for the financial year ended March 31 , 2018, subject to the approval of shareholders at the forthcoming Annual General Meeting of the Company.