IndiGo Q3FY23 PAT soars 1000 pc to Rs 1423 cr

The company said its revenue from operations soared by 61 percent to Rs 14,932 crore in the third quarter as compared to Rs 9294 crore in the year-ago period.

IndiGo had reported a loss of Rs 1,583 crore in the preceding September quarter.

In the quarter under review, the company’s revenue from passenger tickets grew by 63 percent to Rs 13162.4 crore.

Its ancillary revenues stood at Rs1422.2 crore, growing by 24.6 percent compared to the same period last year.

Yield improved by 21.9 percent to Rs 5.38 and the load factor or the passenger carrying capacity improved by 5.4 points to 85.1 percent, said IndiGo in its filing.

IndiGo’s total expenses for the quarter ended December 2022 stood at Rs 13986.9 crore, an increase of 49.6 percent year-on-year.

"Third quarter performance was strong both operationally and financially in the backdrop of robust demand for air travel. The wide range of initiatives that were set in motion across the organisation have started to yield results," IndiGo CEO Pieter Elbers said.

"With a modern fleet of over 300 aircraft, we continue to serve the market with further capacity growth planned across domestic and international sectors," he said.

The company projects capacity in available seats per km in Q4FY23 to grow to 45 percent from a year earlier.