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InterGlobe Aviation Ltd, which operates IndiGo, on Thursday (January 22) reported its Q3 results, with net profit declining 77.5% year-on-year to ₹550 crore from ₹2,448 crore in the same period last year.
Excluding exceptional items and forex impact, net profit was ₹3,131 crore, compared with ₹3,846 crore a year ago. Exceptional items of ₹1,546.5 crore included estimated provisions of ₹969.3 crore for implementing new labour laws, operational disruption costs of ₹555 crore, and a DGCA penalty of ₹22.2 crore.
Revenue from operations rose 6.2% year-on-year to ₹23,471 crore from ₹22,110 crore.
EBITDA increased 3.6% on a year-on-year basis to ₹5,367 crore from ₹5,178.5 crore. EBITDA margin stood at 22.9%, compared with 23.4% in the year-ago quarter.
The company reported an exceptional loss of ₹1,547 crore during the quarter. EBITDAR excluding forex declined 5.5% year-on-year to ₹7,043 crore. EBITDAR margin excluding forex stood at 30%, compared with 33.7% in the corresponding quarter last year.
Excluding exceptional items and forex impact, net profit was ₹3,131 crore, compared with ₹3,846 crore a year ago. Exceptional items of ₹1,546.5 crore included estimated provisions of ₹969.3 crore for implementing new labour laws, operational disruption costs of ₹555 crore, and a DGCA penalty of ₹22.2 crore.
Revenue from operations rose 6.2% year-on-year to ₹23,471 crore from ₹22,110 crore.
EBITDA increased 3.6% on a year-on-year basis to ₹5,367 crore from ₹5,178.5 crore. EBITDA margin stood at 22.9%, compared with 23.4% in the year-ago quarter.
The company reported an exceptional loss of ₹1,547 crore during the quarter. EBITDAR excluding forex declined 5.5% year-on-year to ₹7,043 crore. EBITDAR margin excluding forex stood at 30%, compared with 33.7% in the corresponding quarter last year.
