Mumbai, January 24 (IANS). IndiGo’s parent company InterGlobe Aviation released its third quarter FY25 results on Friday. The company said that in the October-December quarter, the company’s profit has fallen by 18.6 percent on an annual basis to Rs 2,448.8 crore, which was Rs 2,998.1 crore in the same period last year.
The reason for the company’s profit falling is the increase in expenses. The company’s expenses in the third quarter of FY25 stood at Rs 20,466 crore, which was Rs 17,064 crore in the same quarter last year.
The company’s margins fell 430 basis points to 11.1 per cent in Q3FY25, down from 15.4 per cent in the same period last year.
The company’s income from operations increased by 13.7 percent to Rs 22,110.7 crore from Rs 19,452.1 crore in Q3FY24.
The company’s income has increased by 30 percent on a quarterly basis. The company’s income in Q2FY25 was Rs 16,970 crore.
The company reported a huge net loss of Rs 986 crore in Q2FY25, compared to a net profit of Rs 188 crore in the same period last year (Q2FY24).
IndiGo’s EBITDA rose 10.7 per cent to Rs 6,059 crore in the third quarter from Rs 5,475 crore in the year-ago period.
According to the Directorate General of Civil Aviation (DGCA), IndiGo’s market share in December was 64.4 percent. At the same time, Air India’s share was 26.4 percent.
More than 1.49 crore passengers flew in India’s commercial airlines in December 2024. This is 8.19 percent more than last year’s December 2023 figure of 1.38 crore.
Air passenger traffic on India’s domestic routes is expected to increase by 6.12 percent to 161.3 million in 2024, from 152 million last year.
–IANS
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