Latest news with #InterglobeAviation
Hans India
5 days ago
- Business
- Hans India
IndiGo co-founder sells 5.8% stake worth `12k cr
New Delhi: Interglobe Aviation, the operator of IndiGo Airlines, saw its stock slipping nearly 3 per cent on Tuesday after its co-founder Rakesh Gangwal offloaded 2.26 crore shares worth nearly Rs11,928 crore in a block deal. The block sale constituted 5.8 per cent of Gangwal's stake in the leading budget airline, according to multiple reports. Gangwal had resigned from the board of InterGlobe Aviation in 2022 and remained one of IndiGo's largest shareholders. The floor price for the transaction has been pegged at Rs5,260 per share, representing a discount of around 3 per cent to the last closing price, according to reports. The stock, however, recovered from early losses and was trading at Rs5,318.00 apiece, down 1.88 per cent around 11 am. In the January–March quarter (Q4 FY25), IndiGo recorded a sharp 61.89 per cent year-on-year (YoY) jump in its consolidated net profit at Rs3,067.5 crore. This was up from Rs1,894.8 crore in Q4 FY24. Excluding foreign exchange impact, the profit rose 44.7 per cent to Rs2,981.1 crore in Q4, compared to Rs2,060 crore in the same quarter last fiscal. Revenue from operations in Q4 increased by 24.3 per cent to Rs22,151.9 crore, up from Rs17,825.3 crore in a year-ago period. The airline's EBITDAR (earnings before interest, taxes, depreciation, amortisation, and rent) also rose significantly by 57.5 per cent to Rs6,948.2 crore during the quarter.
Business Standard
22-05-2025
- Business
- Business Standard
Interglobe Aviation Q4 PAT rises 62% YoY to Rs 3,067 cr; recommends dividend of Rs 10/sh
Interglobe Aviation reported 61.89% increase in consolidated net profit to Rs 3,067.5 crore in Q4 FY25 compared with Rs 1,894.8 crore in Q4 FY24. Revenue from operations jumped 24.27% to Rs 22,152 crore in Q4 FY25, compared with Rs 17,825 crore in Q4 FY24. Profit before tax (PBT) rallied 78.96 YoY to Rs 3,169.4 crore during the quarter, compared with Rs 1,771 crore posted in corresponding quarter last year. EBITDAR (earnings before interest, tax, depreciation, amortisation, and rent) stood at Rs 6,948.2 crore during the quarter, up 57.47% compared with Rs 4,412.3 crore in corresponding quarter last year. EBITDAR margin was 31.4% in Q4 FY25 against 24.8% in Q4 FY24. EBITDAR, excluding foreign exchange, jumped 49.90% YoY to Rs 6,861 crore in Q4 FY25. Cost of available seat kilometer (CASK) has decreased to Rs 4.51 in Q4 FY25 compared with Rs 4.62 in Q4 FY24. Revenue per available seat kilometer (RASK) rose 2.5% to Rs 5.26 in Q4 FY25 compared with Rs 5.13 in Q4 FY24. Available seat-kilometer (ASK) increased 21% to 42.1 billion in Q4 FY25, compared with 34.8 billion in Q4 FY24. The capitalized operating lease liability was Rs 4,79,801 crore. The total debt (including the capitalized operating lease liability) was Rs 188,297 crore. The airline company operated at a peak of 2,200 daily flights during the quarter including non-scheduled flights. During the quarter, the company provided scheduled services to 91 domestic destinations and 40 international destinations. As on 31st December 2024, the airline company had a total cash balance of Rs 481,705 crore comprising Rs 331,531 crore of free cash and Rs 150,174 crore of restricted cash. Pieter Elbers, CEO, Interglobe Aviation, said, We delivered a strong third quarter of financial year 2025, both operationally and financially. We reported a total income of Rs 23,000 crore, reflecting a growth of 15 percent and profit excluding the impact of currency movement of Rs 3,850 crore. Including currency impact, we reported a profit of Rs 2,450 crore highlighting effective execution of our clear and well-defined strategy. These results were driven by robust demand in the market and our ability to cater to that demand supported by lower fuel prices. We touched new milestones as we operated a peak of 2,200 daily flights and served a record 31.1 million passengers during the quarter. We will continue the growth path to offer our customers with options to conveniently fly to the destination of their choice. Meanwhile, the board of directors has recommended a dividend of Rs 10/- per equity share of face value Rs 10/-, subject to approval by the shareholders at the upcoming annual general meeting (AGM). The dividend payment will be completed within 30 days of its declaration at the AGM. 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 437 aircraft as of 31st December 2024. Shares of Interglobe Aviation rose 0.68% to Rs 5,502.70 on the BSE.
Business Standard
21-05-2025
- Business
- Business Standard
Interglobe Aviation consolidated net profit rises 61.89% in the March 2025 quarter
Sales rise 24.27% to Rs 22151.90 crore Net profit of Interglobe Aviation rose 61.89% to Rs 3067.50 crore in the quarter ended March 2025 as against Rs 1894.80 crore during the previous quarter ended March 2024. Sales rose 24.27% to Rs 22151.90 crore in the quarter ended March 2025 as against Rs 17825.30 crore during the previous quarter ended March 2024. For the full year,net profit declined 11.19% to Rs 7258.40 crore in the year ended March 2025 as against Rs 8172.50 crore during the previous year ended March 2024. Sales rose 17.27% to Rs 80802.90 crore in the year ended March 2025 as against Rs 68904.30 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 22151.9017825.30 24 80802.9068904.30 17 OPM % 27.4922.40 - 22.3523.68 - PBDT 5660.803574.30 58 16273.6014475.00 12 PBT 3169.401771.00 79 7593.408049.30 -6 NP 3067.501894.80 62 7258.408172.50 -11
Reuters
21-05-2025
- Business
- Reuters
India's IndiGo airline posts 62% jump in fourth-quarter profit
May 21 (Reuters) - India's IndiGo airline operator Interglobe Aviation ( opens new tab reported a 62% jump in its fourth-quarter profit on Wednesday, helped by steady demand for domestic air travel. The country's biggest airline by market share clocked a profit of 30.73 billion rupees ($359 million) for the three months to March 31, from 18.94 billion rupees a year ago. ($1 = 85.5170 Indian rupees)
Time of India
21-05-2025
- Business
- Time of India
Nippon India launches new passive fund to track BSE Sensex Next 30 Index
BSE Sensex Next 30 TRI has consistently delivered superior returns compared to BSE Sensex. (AI image) Nippon India Mutual Fund has introduced a new passive fund offering. The Nippon India BSE Sensex Next 30 Index Fund will track the BSE Sensex Next 30 Index. Subscriptions begin on May 21 and end on June 4, 2025. Investors now have an opportunity to place their money in underrated blue-chip organisations poised for potential inclusion in the BSE Sensex. The BSE Sensex Next 30 Index consists of enterprises that belong to BSE 100 whilst not being included in BSE Sensex. These 30 organisations are established blue-chip companies with prospects of joining the primary BSE Sensex. Over the past decade, 20 companies have progressed from BSE Sensex Next 30 to BSE Sensex. This index uniquely represents substantial organisations that other indices do not include. The performance data shows that BSE Sensex Next 30 TRI has consistently delivered superior returns compared to BSE Sensex, making it an appealing choice in the ETF sector. The index achieved a CAGR of 26% over five years, whilst BSE Sensex returned 20.3%. During the three-year period, the Next 30 Index delivered 15.7% returns, surpassing the Sensex's 13.4%. Additionally, the BSE Sensex Next 30 Index has demonstrated notably stronger performance compared to both Nifty 50 and Nifty Next 50 TRI over the previous five-year duration. The BSE Sensex Next 30 comprises a diverse portfolio spanning 12 sectors. The index includes prominent corporations such as JSW Steel, Interglobe Aviation, Grasim, ONGC, Bajaj Auto, Adani Enterprises, BPCL, Dr Reddy's Laboratories and Wipro, amongst others. 'The 'Nippon India BSE Sensex Next 30 ETF' and 'Nippon India BSE Sensex Next 30 Index Fund' are strategic additions to our passive product suite. These schemes provide access to a lesser-explored segment of large caps with strong potential through a low-cost, passive approach,' said Arun Sundaresan, Head ETF, Nippon Life India Asset Management. 'As Indian equity markets evolve and broaden, these funds offer investors a unique avenue for diversification and long-term wealth creation . Large Cap oriented strategies appear better placed on a risk-reward basis, making them a core part of long-term portfolios. As the Indian equity landscape broadens, such differentiated strategies can play a core role in long-term portfolios,' he added. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
