IndiGo has the largest market share in the domestic aviation market.
New Delhi: Budget carrier IndiGo's parent InterGlobe Aviation on Tuesday posted a nearly 24 per cent rise in net profit at Rs 139.85 crore for the quarter ended September 2016, mainly aided by higher passenger revenues.
The company had a net profit of Rs 113.13 crore for the corresponding period a year ago.
IndiGo, which has the largest market share in the domestic aviation market, saw its total revenue from operations surge to Rs 4,166.93 crore in the September quarter. The same stood at Rs 3,539.93 crore in the year-ago period, according to a filing to the BSE.
The no-frills carrier reported higher profit despite total expenses going up to Rs 4,090.18 crore in the September quarter.
For the quarter, passenger revenues were Rs 3,597.88 crore, an increase of 18 per cent, while ancillary revenues stood at Rs 558.41 crore, a rise of 17.7 per cent compared with the year-ago period, the filing noted.
"We are pleased to report another profitable quarter and traffic growth of 32.7 per cent. At the same time, our unit cost excluding fuel has reduced by 9.7 per cent despite operating in an inflationary environment," IndiGo whole-time director and president Aditya Ghosh said.
Shares in InterGlobe Aviation ended flat at Rs 924.50 apiece on the BSE, whose benchmark Sensex index finished up 0.48 per cent.
At the end of September, IndiGo's total cash balance stood at Rs 6,857.2 crore, comprising Rs 2,386.5 crore and Rs 4,470.7 crore of restricted cash.
During the same period, the total debt was at Rs 2,742.8 crore. "The entire debt for IndiGo is aircraft related. IndiGo does not have any working capital debt," the filing said.
IndiGo said it expects to have a fleet of 136 aircraft at the end of the current financial year. It currently has 118 aircraft.
The company had a net profit of Rs 113.13 crore for the corresponding period a year ago.
IndiGo, which has the largest market share in the domestic aviation market, saw its total revenue from operations surge to Rs 4,166.93 crore in the September quarter. The same stood at Rs 3,539.93 crore in the year-ago period, according to a filing to the BSE.
The no-frills carrier reported higher profit despite total expenses going up to Rs 4,090.18 crore in the September quarter.
For the quarter, passenger revenues were Rs 3,597.88 crore, an increase of 18 per cent, while ancillary revenues stood at Rs 558.41 crore, a rise of 17.7 per cent compared with the year-ago period, the filing noted.
"We are pleased to report another profitable quarter and traffic growth of 32.7 per cent. At the same time, our unit cost excluding fuel has reduced by 9.7 per cent despite operating in an inflationary environment," IndiGo whole-time director and president Aditya Ghosh said.
Shares in InterGlobe Aviation ended flat at Rs 924.50 apiece on the BSE, whose benchmark Sensex index finished up 0.48 per cent.
At the end of September, IndiGo's total cash balance stood at Rs 6,857.2 crore, comprising Rs 2,386.5 crore and Rs 4,470.7 crore of restricted cash.
During the same period, the total debt was at Rs 2,742.8 crore. "The entire debt for IndiGo is aircraft related. IndiGo does not have any working capital debt," the filing said.
IndiGo said it expects to have a fleet of 136 aircraft at the end of the current financial year. It currently has 118 aircraft.
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