Indigos 4QFY17 results came in ahead of expectations, owing to higher other income. Revenue grew 19% YoY to Rs 48.5bn, driven by pax growth at 30%. During the quarter, yield was down 4%, in line with expectations. Other income rose sharply by 59% to Rs 2.9bn, owing to MTM forex gain of Rs 826mn. PAT dipped 24% to Rs 4.4 bn.