Indigo continues to fly high, posts impressive Q4 numbers

Interglobe Aviation, India’s largest no-frill passenger carrier declared Q4 FY 16 results on April 29. The company announced record profits for the fiscal year 2016 at Rs.19, 897 million, a growth of 52.6 percent over previous year.

The EBITDAR (Earnings before Interest Taxes, Debts, Amortization and Rent) was declared at Rs. 15480 million for quarter ended March 2016 compared to Rs. 14093.29 million for similar period of the previous year. The EBITDAR margins improved to 37.8 from 36.9 percent for similar period in previous year. For the whole year the EBITDAR was announced at Rs. 56,730 million compared to Rs. 38,424 million for previous year. The margins expanded to 35.1 percent from 27.6 percent as compared to previous year.

Profit After Tax was declared at Rs. 5793.10 million for the March quarter, which reflects a 3 percent growth over the similar period of time during the previous year. Total revenues for the company for March quarter stood at Rs. 42475.83 million reflecting an increase of 7.5 percent over similar quarter previous year.

Company’s president and whole time director Aditya Ghosh said in a statement that the company has been profitable for straight eight years now and that the FY 16 has been highly profitable, in fact highest profits booked ever by the company in this fiscal year.Indigo announced a dividend of Rs. 15 per share and the stock closed 1.13 percent higher on Friday on NSE .