IndiGo reports record Q4 profit with a 62% jump to ₹3,068 crore and declares ₹110 dividend per share. Learn about revenue growth and latest updates on Turkish leased planes.
IndiGo’s stellar performance shines through Q4 results, delighting investors and passengers alike.
IndiGo Airlines, India’s largest carrier trumpets its March quarter financials in a big way. Net profit zoomed ~62% YoY to ₹3,068 crore This quarter has been the most profitable for IndiGo so far in its history, posting a whopping ₹1,894.8 crore profitkm over last year. Steep numbers of growth are clearly telling that the airline has totally bounced back to its full frontal and created a new peak post pandemic age in aviation.
A Generous Dividend for Shareholders
The profits are nothing but a start, and the good news just grows. For its part, IndiGo has asked the board proposed dividend of ₹110 per equity share which is quite an alluring reward to the investors. Update: After the big rise in passenger numbers, which rose 19.6% quarter-on-quarter to 3.19 crore travellers this quarter There has been a sharp rise in the airline’s total revenue of ₹23,097.5 crore as against ₹18,505.1 crore during the corresponding period of last year indicating growing footprint and demand.
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Revenue Growth Driven by Ticket Sales and Other Income
Going deeper into the numbers, passenger ticket revenue for IndiGo grew 25.4 % to ₹19,567.3 Crore on growth in passenger demand and travel activities from the strong footfall. Other income added up to ₹2,152.5Cr, a year-on-year hike of 25.2Percent. IndiGo’s full spectrum financials showcase that the company has multiple revenue streams as well it boasts one of the leanest business models in India, helping it through the industry storms and coming out stronger.
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Addressing Concerns on Turkish Leased Aircraft
Another related development, Indigo CEO Peter Elbers has further clarified airline’s position on leased Turkish Airlines aircraft. He said the company adheres to all regulatory norms in their operation of these aircraft. The lease renewal is still a call for the Indian Govt. The company made the statement in light of ongoing regulatory over watch as last week BCAS revoked security clearance for Turkey-based Celebi Airport Services over national security worries associated with the geopolitical disputes. Online travel advisories have also cautioned against travel to Turkey, signifying a multi-factored landscape.
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