Indigo Q4 Results 2024 Date, Share Price and more

Indigo 

IndiGo, also known as InterGlobe Aviation Limited, is an Indian low-cost airline headquartered in Gurgaon, Haryana. By both passenger volume and fleet size, it is the biggest airline in India. IndiGo has a 60.6% market share in the country as of April 2024. With over 100 million passengers carried in 2023, it is also the biggest airline in Asia and among the biggest globally.

More than 2,000 flights are offered daily by IndiGo to 122 destinations, including 34 foreign and 88 domestic locations in India. With more than 350 aircraft in its inventory, the airline's primary hub is situated at Delhi's Indira Gandhi International Airport.

IndiGo was established in 2006 by Rahul Bhatia of InterGlobe Enterprises and Rakesh Gangwal. The airline began operations in August of the same year, receiving its first aircraft in July. In terms of passenger market share, it surpassed all other airlines in India by 2012. In November 2015, the business went public. According to OAG's 2022 ranking, IndiGo is the fifteenth most punctual airline globally.

Indigo Q4 Results 2024 Date

Impressive financial statistics for the fourth quarter of the 2024 fiscal year were released by IndiGo operator InterGlobe Aviation on May 23, 2024. Comparing the same time last year to this one, the airline's net profit increased by 106% year over year (YoY) to Rs 1,894.80 crore. Operating revenue rose to Rs 17,825.30 crore, a YoY rise of 25.9%.

The amount collected from passenger tickets increased by 25.5% to Rs 15,600 crore, while ancillary income increased by 18.9% to Rs 1,719.40 crore. The number of passengers on IndiGo increased by 14% to 26.7 million during the quarter, while the airline's capacity increased by 14.4% YoY to 34.8 billion available seat kilometers (ASKs).

In the upcoming June quarter, IndiGo anticipates that its capacity will increase by 10-12% in comparison to the first quarter of FY24. With Rs 20,823 crore in free cash and Rs 13,914 crore in restricted cash, the airline kept a healthy cash balance of Rs 34,737 crore. With capitalized operational lease liabilities included, the total debt was Rs 51,280 crore.

The year FY24, according to CEO Pieter Elbers, was historic since it saw the highest-ever total revenues of nearly Rs 71,200 crore, a net profit of about Rs 8,200 crore, and an 11.9% net profit margin. Elbers credited the commitment of IndiGo staff members and excellent plan execution for this achievement.

Indigo Share Price

The Indian airline industry is dominated by InterGlobe Aviation Ltd., better known as IndiGo. With a slight decrease of 1.52% from the previous day, IndiGo's share price on May 24, 2024, was ₹4333.45. The stock remained robust and continued to rise beyond its 52-week low of ₹2255.00, despite the day's lowest price of ₹4317.05. Given its excellent financial standing, IndiGo has a market value of ₹1.68 trillion. The P/E (price to earnings) ratio for the company is 23.58. Notwithstanding market fluctuations, IndiGo's strong performance demonstrates its significance in the airline sector.