The second wave of Covid-19 significantly impacted revenue for the quarter. IndiGo reports a net loss of INR 31,742 million and negative EBITDAR of INR 13,602 million for the quarter ended June 2021.
Gurgaon, July 27, 2021: InterGlobe Aviation Ltd. (“IndiGo”) today reported its first quarter fiscal
year 2022 results
Capacity for the quarter up by 433.2% compared to the same period last year
Revenue from Operations of INR 30,069 million for the quarter, an increase of 292.2% compared
to same period last year
Negative EBITDAR of INR 13,602 million with EBITDAR margin of negative 45.2% for the
quarter, compared to negative EBITDAR of INR 14,212 million with EBITDAR margin of negative
185.4% for the same period last year
Loss before tax of INR 31,742 million, compared to loss before tax of INR 28,426 million for the
same period last year
Basic earnings per share was negative INR 82.47 for the quarter
Strong balance sheet with a total cash of INR 170,679 million including free cash of INR 56,207
million. Given the current cash position, the Company continues to evaluate the timing and the size
of any QIP.
Profitability Metrics
Particulars (INR mn) Quarter ended
Jun‘21 Jun‘20 Change
EBITDAR (13,602) (14,212) 4.3%
PBT (31,742) (28,426) -11.7%
PAT (31,742) (28,443) -11.6%
Operational Metrics*
Particulars Quarter ended
Jun‘21 Jun‘20 Change
ASK (billion) 11.2 2.1 +433.2%
RPK (billion) 6.6 1.3 +410.9%
Load Factor 58.7% 61.3% -2.6 pts
*Includes non-scheduled operations. Excludes cargo charters
The Company’s CEO, Mr. Ronojoy Dutta said, “Our financial results for the first quarter were severely
impacted by the second covid wave. The number of passengers traveling declined sharply in the months of
May and June. With the second covid wave receding, we are seeing a measured recovery in bookings for
July and August. Notwithstanding the Industry’s present challenges, we remain firmly optimistic about
IndiGo’s future. Our entire focus during this pandemic has been to manage our cash balances, run a highquality airline and to continue to build our capabilities and be prepared for the post covid environment.”
2
Revenue and Cost Comparisons
Total income for the quarter ended June 2021 was INR 31,703 million, an increase of 177.2% over the same
period last year. For the quarter, our passenger ticket revenues were INR 22,976 million, an increase of
292.5% and ancillary revenues were INR 6,683 million, an increase of 296.0% compared to the same period
last year.
Particulars (INR mn) Quarter ended
Jun‘21 Jun‘20 Change
Revenue from Operations 30,069 7,667 +292.2%
Other Income 1,633 3,771 -56.7%
Total Income 31,703 11,438 +177.2%
RASK* (INR) 2.73 4.19 -35.0%
Yield (INR/Km) 3.48 4.54 -23.2%
*Net of finance income of INR 1,110 million and INR 2,607 million for quarter ended Jun‘21 and Jun’20 respectively
Total expenses for the quarter ended June 2021 were INR 63,444 million, an increase of 59.2% over the
same quarter last year.
Particulars (INR mn) Quarter ended
Jun‘21 Jun‘20 Change
Fuel Cost 12,159 1,275 +853.7%
Other Costs excluding fuel 51,285 38,589 +32.9%
Total Cost 63,444 39,864 +59.2%
CASK* (INR) 5.55 17.70 -68.6%
CASK ex fuel* (INR) 4.47 17.09 -73.8%
*Net of finance income of INR 1,110 million and INR 2,607 million for quarter ended Jun‘21 and Jun’20 respectively
Cash and Debt
As of 30th June 2021
IndiGo had a total cash balance of INR 170,679 million comprising INR 56,207 million of free
cash and INR 114,472 million of restricted cash.
The capitalized operating lease liability was INR 259,335 million. The total debt (including
the capitalized operating lease liability) was INR 316,901 million.
Network and Fleet
As of 30th June 2021, fleet of 277 aircraft including 85 A320 CEOs, 122 A320 NEOs, 41
A321 NEOs and 29 ATRs; a net decrease of 8 aircraft during the quarter.
Operated a peak of 1,262 daily flights and a minimum of 318 flights during the quarter including
non-scheduled flights.
During the quarter, provided scheduled services to 66 domestic destinations and various
international locations through passenger charters and air bubble flights.
3
Operational Performance
For the period April-June’21
The Company had a Technical Dispatch Reliability of 99.94%.
The Company had an on-time performance of 98.2% at four key metros and flight cancellation
rate of 2.54%.
Awards and Accolades
IndiGo was ranked as the third (3rd) most punctual airline in the world for Jan’21 to Jun’21 by
Official Aviation Guide (‘OAG’).
IndiGo has been recognized as one of India’s Best Workplaces in Transportation by Great Place to
Work Institute.
IndiGo received the ‘Catalyst Awards 2021’ from the ‘Global CIO Forum’ for leading the
transformation journey in various operational areas.
IndiGo won a Gold award for ‘Innovation in the Brand Renovation / Re-Branding’ category and a
Bronze award for ‘Marketing Campaign of the Year - COVID-19-related Information’ at the Asia
Pacific Stevie Awards 2021.
IndiGo and Genesis BCW won a Gold at the PR Asia Awards 2021 - for Crisis Management of
their campaign 'Lean Clean Flying Machine'.
4
Conference Call
The Company will conduct a live audio earnings call today, July 27 at 5 pm IST which will be available to
the public on a listen only mode followed by Q&A session. The dial-in details are given below:
Dial-in Numbers
Universal Dial-In Primary Number: +91 22 6280 1311 or +91 22 7115 8212
India National Toll Free Primary Number: 1 800 120 1221 or 1 800 266 1221
Other Regions USA:
UK:
Singapore:
Hong Kong:
Japan:
18667462133
08081011573
8001012045
800964448
00531161110
or
or
or
or
or
+1 3233868721
+44 2034785524
+65 31575746
+852 30186877
+81 345899421
Pre-register at the following URL and get your unique dial-in details for the call
Diamond Pass https://services.choruscall.in/DiamondPassRegistration/register?confirmationNumbe
r=5999477&linkSecurityString=15a2d0b1f5
About IndiGo
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 277
aircraft as of 30th June 2021.
Disclaimer
This document may contain some statements on the Company’s business or financials which may be
construed as forward-looking. The actual results may be materially different from these forward-looking
statements.
Whole Time Director and Chief Executive Officer
Whole Time Director and Chief Executive Officer
