IndiGo Q3 net jumps 56% to Rs 7.62 bn, revenue rises 24% at Rs 61.78 bn

Total expenses were Rs 53.78 bn, an increase of 18% over the last year same period

InterGlobe Aviation, parent of budget carrier IndiGo, today reported over a 50 per cent jump in net profit at Rs 7.62 billion in the three months ended December on the back of better revenue management and credit from manufactureres.

The Gurgaon-based aviation firm had a net profit of Rs 4.87 billion in the December quarter of 2016-17.

Revenue from operations rose 23.94 per cent to Rs 61.78 billion from Rs 49.86 billion in the year-ago period, the company said in a regulatory filing today.

"I am pleased to report profit after tax of of Rs 7.6 billion for the quarter. At the same time, I am happy to announce that we delivered the promise of starting our regional operations with our ATR aircraft, which will enable us to provide connectivity to many more cities in India," IndiGo President and Whole-time Director Aditya Ghosh was quoted as saying the filing.

"Last quarter was also special to us as we carried 200 million customers and now operates more than a thousand flight a day," he added.

For the quarter, passenger ticket revenues were Rs 53.22 billion, an increase of 21.8 per cent and ancillary revenues were Rs 700.12 crore, a rise of 20 per cent compared to the same period last year, the company said.

Total expenses for the quarter ended December 2017 were Rs 53.78 billion, an increase of 18 per cent over the last year same period, it said.

The airline' fuel expenses saw a 20.6 per cent increase to Rs 20.16 billion during the December quarter compared to Rs 16.71 billion in the same period last fiscal.

IndiGo added 12 aircraft to its fleet between October and December of the current fiscal, taking its fleet size to 153 planes, including three ATRs, as per the filing.

On Wednesday, IndiGo's scrip on BSE closed 5.55% higher at Rs 1,259.95.