INDIGO reported revenue of INR61.8b (est. of INR60.4b; +24% YoY, +17% QoQ) and EBITDAR of INR19.4b (est. of INR18.4b; +34% YoY, +24% QoQ) ??? implying a marginal beat, led by higher total yield of INR4.29 (est. of INR4.25; +8% YoY, +3% QoQ) due to credits received from manufacturers. Passenger ticket yield stood at INR3.7 (est. of INR3.73; +6.3% YoY, +3.7% QoQ). PAT of INR7.6b (est. of INR6.5b; +56% YoY, +38% QoQ) was boosted by higher other income of INR2.7b (est. of INR1.8b; +58% YoY, +27% QoQ) and lower depreciation of INR1.1b (est. of INR1.2b; 9% YoY, +5% QoQ). In 3QFY18, forex gain stood at INR803m, of which management booked INR408m in other income and INR395m in other expenses. Like in the previous quarter, management booked undisclosed credits from manufacturers (related to aircraft grounding, and delivery delays in early part of 3QFY18), supporting profitability.