Conference Call with InterGlobe Aviation Management and Analysts on Q4FY23 Performance and Outlook. Listen to the full earnings transcript.
Airlines company InterGlobe Aviation announced Q4FY23 & FY23 results: Q4FY23: Capacity increased by 49.2% to 30.4 billion Passenger numbers increased by 60.5% to 23.4 million Yield improved by 10.2% to Rs 4.85 and load factor improved by 7.5 pts to 84.2% Revenue from Operations increased by 76.5% to Rs 1,41,606 million Average fuel prices increased by 23.5% leading to increase in fuel CASK by 16.8% to Rs 1.85 CASK ex fuel decreased by 21.1% to Rs 2.53 due to higher capacity. EBITDAR of Rs 29,665 million (20.9% EBITDAR margin), compared to EBITDAR of Rs 1,718 million (2.1% EBITDAR margin) Profit excluding foreign exchange of Rs 6,664 million compared to loss excluding foreign exchange of Rs 10,695 million Net profit of Rs 9,192 million, compared to net loss of Rs 16,818 million FY23: Capacity increased by 62.5% to 114.4 billion Passenger numbers increased by 71.9% to 85.6 million Yield improved by 20.9% to Rs 5.13 and load factor improved by 8.5 pts to 82.1% Revenue from Operations increased by 110.0% to Rs 5,44,465 million Average fuel prices increased by 60.6% leading to increase in fuel CASK by 50.1% to Rs 2.07 CASK ex fuel decreased by 14.3% to Rs 2.76 due to higher capacity EBITDAR of Rs 73,116 million (13.4% EBITDAR margin), compared to EBITDAR of Rs 11,480 million (4.4% EBITDAR margin) Profit excluding foreign exchange of Rs 26,540 million compared to loss of Rs 52,210 million Net loss of Rs 3,058 million, compared to net loss of Rs 61,618 million Basic earnings per share of negative Rs 7.93 Mr. Pieter Elbers, CEO, said, “With a combination of robust market demand and focused execution of our strategy, this was the second consecutive quarter wherein we produced strong operational and financial results, as we reported the highest ever fourth quarter net profit of 9,192 million rupees. The companywide initiatives undertaken based on the three strategic pillars of Reassure, Create and Develop enabled us to end the year on a strong note with record revenues. I would like to thank the 86 million customers for choosing to fly with us in the financial year ended March 2023 and the 6E employees for their immense hard-work and dedication.” Result PDF