InterGlobe Aviation (INDIGO) Q1 2025 earnings summary

Executive summary

• Q1 FY25 total income rose 18% year-over-year to ₹202,489 million, with net profit at ₹27,288 million and a profit margin of 13.9%.

• Served 28 million customers in the quarter, marking seven consecutive quarters of profitability.

• Board approved unaudited standalone and consolidated results for the quarter ended June 30, 2024.

• Statutory auditors issued unmodified review reports for both standalone and consolidated results.

• Continued to invest in customer experience, digital initiatives, and operational efficiency, including new business products and technology upgrades.

Financial highlights

• EBITDA/EBITDAR for Q1 FY25 was ₹58,111 million (30% margin), up from ₹52,100 million in Q1 FY24.

• Consolidated revenue from operations rose to ₹195,707 million, up from ₹166,831 million year-over-year.

• Passenger unit revenue (PRASK) was ₹4.54; yields improved 1.3% year-over-year to ₹5.24, offset by a slightly lower load factor of 86.7%.

• RASK improved 5.5% to ₹5.40, aided by OEM compensation accruals.

• Total expenses increased 24% year-over-year, driven by higher fuel, employee, and rental costs.

Outlook and guidance

• Capacity guidance for FY25 remains early double-digit growth; Q2 FY25 capacity expected to rise high single digits year-over-year.

• Revenue environment for Q2 FY25 expected to be stable on a unit revenue basis.

• Network expanded to 88 domestic and 33 international destinations, with 7 new international routes added year-over-year.

• Provided services to 49 additional international destinations through strategic partnerships in Q1 FY25.

• Confident in long-term demand and growth prospects, with continued network expansion and new aircraft deliveries planned.