Tata Sia Airlines Ltd
About
Tata SIA Airlines Limited (trading as Vistara) was an Indian full-service airline based in Gurugram, with its hub at Indira Gandhi International Airport. The company unveiled its brand identity, "Vistara", in 2014. The carrier, a joint venture between Tata Sons and Singapore Airlines, commenced operations in 2015. It had a 10% share in the domestic carrier market, making it the 3rd largest domestic airline, behind IndiGo and Air India. The airline served 50 destinations. Vistara became the first carrier to operate domestic services out of the new Terminal 2 at Mumbai's Chhatrapati Shivaji Maharaj International Airport. In 2015, Vistara inaugurated the Aviation Security Training Institute, an in-house institute for training its cockpit and cabin crew, security staff, etc. The airline started its first international service from Delhi to Singapore in 2019. On 12 November 2024, the airline's operations ceased following a merger with the country's flag carrier, Air India.
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Financial Data 2024
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Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 15541 24.4% | 12495 126.4% | 5520 102.1% | 2731 -43.7% | 4851 59.3% | 3046 38.4% | 2201 56.4% | 1408 97.0% | 715 - |
| Net Operating Income (INR Cr) | 15191 28.88% | 11787 125.53% | 5227 132.96% | 2243 -52.65% | 4738 58.25% | 2994 41.73% | 2113 52.00% | 1390 101.04% | 691 0.00% |
| Profit (INR Cr) | -581 - | -1393 - | -2031 - | -1612 - | -1813 - | -831 - | -420 - | -518 - | -401 - |
| Assets (INR Cr) | 22298 25.7% | 17741 44.3% | 12292 14.2% | 10762 40.7% | 7651 302.2% | 1902 400.9% | 380 289.3% | 98 -47.8% | 187 - |
| Net Worth (INR Cr) | -87 -117.4% | 502 -59.8% | 1249 -20.3% | 1567 86.1% | 842 -42.2% | 1456 1522.4% | 90 185.2% | -105 -903.6% | 13 0.0% |
| Employee Cost (INR Cr) | 1272 46.6% | 867 34.5% | 645 12.3% | 574 -13.7% | 665 68.3% | 395 43.4% | 276 41.3% | 195 53.7% | 127 - |
| Interest Cost (INR Cr) | 1322 | 1850 | 634 | 479 | 312 | 19 | 9 | 1 | 1 |
| Cash & Bank Balance (INR Cr) | 644 | 654 | 841 | 935 | 701 | 528 | 323 | 103 | 145 |
| Total Debt (INR Cr) | 7498 | 3779 | 1779 | 1629 | 908 | 0 | 0 | 0 | 0 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | - | - | - | - | - | - | - | - | - |
| Profit As % Of Assets | - | - | - | - | - | - | - | - | - |
| Profit As % Of Networth | - | - | - | - | - | - | - | - | - |
| Interest Cost to EBITDA % | 62.4% | 180.0% | - | - | - | - | - | - | - |
| Debt to Equity Ratio | - | 7.53 | 1.42 | 1.04 | 1.08 | - | - | - | - |
| RONW | - | - | - | - | - | - | - | - | - |
| ROCE | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |