During the quarter the company reported pre-tax profit of Rs 919.83 crore in Q4 FY23 as against pre -tax loss to Rs 1,677.51 crore reported in the same period a year ago.

EBITDAR (Earnings before interest, tax, depreciation, amortisation and rent) zoomed to Rs 2,966.5 crore in Q4 FY23 from Rs 171.8 crore posted in Q4 FY22. EBITDAR margin in the fourth quarter improved to 20.9% as compared with 2.1% reported in the corresponding quarter last year.

The number of passengers in Q4 FY23 increased by 60.5% to 23.4 million as against 14.6 million registered in Q4 FY22

During the quarter, passenger ticket revenues stood at Rs 12,434.6 crore, an increase of 80.6% and ancillary revenues was Rs 1,445.9 crore, an increase of 36.6% compared to the same period last year.

Total costs spiked 38.4% year on year to Rs 13,680.3 crore in the quarter ended 31March 2023. Fuel cost was at Rs 5,613 crore (up 74.3% YoY) during the quarter.

Available seat-kilometer (ASK) rose 49.2% to 30.4 billion in Q4 FY23 from 20.4 billion posted in Q4 FY22. Revenue passenger-kilometer (RPK) jumped 63.8% to 25.6 billion in Q4 FY23 over 15.6 billion reported in the same quarter last year.

As of 31 March 2023, Indigo had a total cash balance of Rs 23,424.3 crore, comprising Rs 12,194.8 crore of free cash and Rs 11,229.5 crore of restricted cash. The capitalized operating lease liability was Rs 41,547.7 crore. The total debt (including the capitalized operating lease liability) was Rs 3,306.6 crore.

IndiGo operated at a peak of 1,815 daily flights during the quarter including non-scheduled flights.

Pieter Elbers, chief executive officer (CEO), said, With a combination of robust market demand and focused execution of our strategy, this was the second consecutive quarter wherein we produced strong operational and financial results, as we reported the highest ever fourth quarter net profit of 9,192 million rupees.

The companywide initiatives undertaken based on the three strategic pillars of reassure, create and develop enabled us to end the year on a strong note with record revenues. I would like to thank the 86 million customers for choosing to fly with us in the financial year ended March 2023 and the 6E employees for their immense hard-work and dedication.”

InterGlobe Aviation (IndiGo) is amongst the fastest growing low-cost carriers in the world. IndiGo has a simple philosophy: offer fares that are low, flights that are on time, and a courteous, hassle-free travel experience. It had a fleet of 304 aircraft as of 31st March 2023.

The scrip declined 1.57% to Rs 2,264 on the BSE.