Closure of flight operations during national lockdown on account of COVID-19 significantly impacted revenue for the quarter.IndiGo reports net loss of INR 8,708million and EBITDAR of INR 867million for the quarter ended March2020.Reported net loss of INR 2,337million and EBITDAR of INR 50,824millionfor the full fiscal year
Gurgaon, June2, 2020: InterGlobe Aviation Ltd. (“IndiGo”) today reported its fourth quarter and fiscal year 2020 results
For the quarter ended March 31, 2020
- Revenue from Operations of INR 82,991million, an increase of 5.3% compared tothesame period last year
- EBITDAR of INR 867million with EBITDAR margin of 1.0% compared to EBITDAR of INR 22,019million with EBITDAR margin of 27.9% for the same period last year
- Lossbefore tax of INR 12,898million, comparedto a profit before tax of INR 6,261 million duringthe same period last year
- Net lossof INR 8,708million compared to a net profit of INR 5,958 million in the same period last year
- Basic earnings per share ofnegative INR 22.63For the year ended March 31, 2020
- Revenue from Operations of INR 357,560million, an increase of 25.5% compared to the last yearagainst a capacity increase of 18.8% during the year
- EBITDAR of INR 50,824million with EBITDAR margin of 14.2%, compared to EBITDAR of INR 52,261million with EBITDAR margin of 18.3% forthelast year
- Lossbefore tax of INR 2,557million, compared to INR1,474in the last year
- Net lossof INR 2,337million, compared to net profit of INR 1,572in the last year
- Basic earnings per share ofnegative INR 6.07
- Strong balance sheet with a total cash of INR 203,769million including free cash of INR 89,281million
The Company’s CEO, Mr. Ronojoy Dutta said “In the midst of every crisis, lies great opportunity. At IndiGo we are determined to emerge from this crisis stronger and more energized than ever. We are positioning ourselves to be a stronger brand, to have a more efficient fleet and a lower cost structure. We fully intend to deliver for India, the best air transportation system in the world
