IndiGo Q3 earnings: Revenue surges 30 percent to Rs 19,452.15 crore. The airline carried 243.10 lakh passengers, commanding a market share of 62.1 percent during the quarter
IndiGo Q3 results today: IndiGo is set to release its Q3 results, with analysts expecting a significant improvement in profitability. The company s profit is predicted to jump by up to 83% YoY, while revenues are expected to grow by 25% YoY. EBITDA is also projected to rise by 41% YoY, with margins potentially improving by over 300 basis points. Investors will be monitoring the outlook on grounded P&W engine-fitted aircraft in CY24 and the competition landscape. Additionally, there is anticipation of a passenger count increase in the quarter despite aircraft grounding issues.
The airline, which has more than 60% share of Indias domestic market, recorded a profit of Rs 2,998.12 crore against Rs 1,422.6 crore in the year-ago period —- an increase of 110% while revenue jumped by 30% to Rs 19,452.15 crore.
IndiGo Q3 results: The company reported a standalone profit of Rs 2,998 crore for the quarter ended December 31, compared to Rs 1,418 crore in the year-ago period.
The mid-70 aircraft on ground (AOG) include aircraft grounded due to supply chain issues and engine powder metal issues with its Pratt & Whitney aircraft engines.