Brokerages see the airline's earnings rising in FY24 and FY25 on increasing yield and the airline's expansion plans. Motilal Oswal has increased its revenue estimate by 12-17% for FY24/FY25 as it sees the ticketing revenue increasing over the next couple of years. It has maintained a 'neutral' rating on the aviation stock.

IndiGo's profit after tax stood at ₹919.2 crore in the January to March period against a loss of ₹1,681.8 crore in the same period last year. Its revenue surged 76.5% year-on-year to ₹14,160.6 crore. The airline’s passenger ticket revenue grew 80.6% YoY to ₹12,434.6 crore, whereas ancillary revenues surged by 36.6% YoY to ₹1,445.9 crore. EBITDA (earnings before income, tax, depreciation and amortisation), during the quarter under review, stood at ₹2,966.5 crore vs ₹171.8 crore in the year-ago period.

For FY23, however, IndiGo's net loss stood at ₹305.8 crore and its revenue stood at ₹54,446.5 crore vs ₹25,930.9 crore in FY22. EBITDA in FY23 stood at ₹7,311.6 crore against ₹1,148 crore in FY22. As of March 31, 2023, IndiGo had a fleet of 304 aircraft, including 21 A320 CEOs, 162 A320 NEOs, 79 A321 NEOs, 39 ATRs, 2 A321 freighters, and 1 B777, a net increase of 2 passenger aircraft during the quarter.

Pieter Elbers, CEO, IndiGo, says this was the second consecutive quarter wherein IndiGo produced strong operational and financial results. "The companywide initiatives undertaken based on the three strategic pillars of reassure, create and develop enabled us to end the year on a strong note with record revenues."

IndiGo operated at a peak of 1,815 daily flights during the quarter including non-scheduled flights, across 78 domestic destinations and 22 international destinations. For the first quarter of FY24, the company says capacity in terms of available seat kilometers is expected to increase by around 5-7% as compared to the fourth quarter of fiscal year 2023.

indigo q4 financials

IndiGo shares dip as Q4 profit misses estimates