IndiGo Q3 preview: Server hack, fleet expansion among key monitorables

Investors expect the low cost airline to be a key beneficiary of revival in domestic travel amid the roll out of the coronavirus vaccine

IndiGo, India’s biggest aviation firm by market share, is set to report its December quarter (Q3FY21) results on Thursday, January 28. Amid improved traffic and cost saving measures, analysts are baking in a strong sequential growth in the airline’s earnings even as the figures may be half of the previous year.

In the December quarter of FY20, IndiGo had reported a profit of Rs 490.5 crore, on the back of Rs 9,931.7 crore-revenue, and Rs 1,669.9 crore-EBITDA. However, the outbreak of Covid-19 pandemic eroded the airline’s earnings, and its revenue stood at Rs 2,741 crore in Q2FY21. It incurred loss