For the quarter, passenger ticket revenues were Rs 5019.367 crore, an increase of 17.9% and ancillary revenues were Rs 666.078 crore, an increase of 21.5% compared to the same period last year. Total expenses for the quarter ended March 2018 were Rs 5890.637 crore, an increase of 30.2% over the same quarter last year. CASK excluding fuel was Rs 1.94, an increase of 5.3% over the same quarter last year.

Commenting on the quarter performance, Mr. Rahul Bhatia, Company's co-founder and interim CEO, said, "We have reported our highest ever annual profits for fiscal 2018. We continue to execute on our growth plans and are putting in place the management team to execute our plans. We remain focused on creating long term shareholder value by building a large and profitable air transport network."

Network and Fleet

As of 31^st March 2018:

• Fleet of 159 aircraft including 32 A320neos and 6 ATRs; an increase of 6 aircraft during the quarter.
• Operated a peak of 1,086 daily flights including international operations during the quarter.
• Service to 50 destinations including 8 international cities; added 4 new destinations - 3 domestic and 1 international.

• For the period January-March 2018, the Company had a Technical Dispatch Reliability of 99.87%, on-time performance of 78.1% at four key metros and flight cancellation rate of 1.74%.

Quarterly Performance

The total income from operation inclined 20% to Rs 5,799.11 crore for the fourth quarter ended March 2018. For the quarter, passenger ticket revenues were Rs 5019.367 crore, an increase of 17.9% and ancillary revenues were Rs 666.078 crore, an increase of 21.5% compared to the same period last year.

Total expenses for the quarter ended March 2018 were Rs 5890.637 crore, an increase of 30.2% over the same quarter last year. CASK excluding fuel was Rs 1.94, an increase of 5.3% over the same quarter last year.

OPM reduced by steep 820 bps to 2.2%. As percentage to sales and net of stock adjustments, aircraft fuel expenses increased 430 bps to 40.5%, other expenses jumped 360 bps to 28.6%, Aircraft & engine lease rentals cost rose 10 bps to 17.2%, and employee cost grew 30 bps to 11.4%. Thus, contraction in OPM leads to shrink in Operating Profit (OP) by 74% to Rs 129.84 crore.

Other income declined 12% to Rs 257.73 crore, thus, the PBDIT dropped 52% at Rs 387.57 crore. With 19% jump in interest cost to Rs 92.73 crore and 22% rise in depreciation cost to Rs 128.64 crore, the Profit Before Tax (PBT), as a result, shrank by 73% to Rs 166.21 crore. The tax outgo decreased by 73% to Rs 48.56 crore, as the effective tax rate increased 40 bps to 29.2% during the quarter. Thus, net profit for the quarter dropped 73% to Rs 117.64 crore.

Annual Financial Performance

For the financial year ended March 2018 (FY 2018), the total income from operation inclined 24% to Rs 23,020.89 crore. Operating margin (OPM) has increased by 130 bps to 12.8%, thus, gain in OPM leads to incline in Operating Profit (OP) by 38% to Rs 2,956.51 crore. Other income inclined 20% to Rs 946.86 crore, thus, the PBDIT gained 33% at Rs 3,903.37 crore. With 3% jump in interest cost to Rs 339.82 crore but 4% drop in depreciation cost to Rs 436.88 crore, the Profit Before Tax (PBT), as a result, grew 46% to Rs 3,126.68 crore. The tax outgo gained 82% to Rs 884.30 crore. Effective tax rate grew 570 bps to 28.3%. Thus, net profit jumped 35% to Rs 2,242.37 crore.

The Board of Directors has recommended a final dividend of Rs 6 per share (face value of Rs 10 per share) for the financial year ended 31 March 2018, subject to approval of the shareholders in the upcoming Annual General Meeting.

• For the year ended March 2018, IndiGo has announced a dividend of Rs 6 per share subject to shareholders' approval.

• As of 31st March 2018, IndiGo had a total cash balance of Rs 13708.256 crore comprising of Rs 7058.664 crore of free cash and Rs 6649.592 crore of restricted cash.

• The total debt as on 31st March 2018 was Rs 2452.721 crore. The entire debt for IndiGo is aircraft related. IndiGo does not have any working capital debt.

• Fiscal 2019 year over year capacity increase in ASKs is expected to be 25%
• First quarter fiscal 2019 year over year increase in capacity is expected to be 18%

• IndiGo was awarded the "Best Low Fare Airline Domestic" and "Best International Low Cost Airline Out Of / Into India" by the ‘Air Passenger Association of India
• IndiGo awarded as "Best Low Cost Airline in Asia" by TripAdvisor Travelers' Choice Award 2018

The scrip hovers around Rs 1,348.25 (02 May 2018) on the BSE.