InterGlobe Aviation Limited — PPTs, 21-05-2025: Investor Presentation

1. Financial Highlights:

InterGlobe Aviation’s revenue increased 24.8% QoQ to ₹2,30,975 million and 18.1% YoY to ₹8,40,982 million, driven by a 13.1% rise in ASK and RPK. EBITDAR jumped 57.5% QoQ to ₹69,482 million with margin expansion of 660bps to 31.4%. PAT rose 61.9% QoQ to ₹30,675 million, though full-year PAT declined 11.2% YoY to ₹72,584 million due to forex impacts and higher expenses. CASK ex fuel stayed flat QoQ at ₹2.90 but fell 12.5% YoY, partly offset by rising aircraft rentals and finance costs. The balance sheet reflects strong cash reserves of ₹668,098 million (+30.3% YoY) and increased net debt mainly from leased aircraft liabilities.

2. Strategic Initiatives & Growth Drivers:

The fleet expanded to 437 aircraft, including 195 A320neos and 135 A321neos, supporting growth across 91 domestic and international destinations. Added 54 international routes via partnerships, emphasizing overseas expansion alongside domestic market consolidation. Ongoing investments in fuel-efficient aircraft and lease optimization are aimed at lowering unit costs and increasing operational flexibility.

3. Business Developments:

Appointed M/s RMG & Associates as Secretarial Auditors for five years starting FY26, enhancing governance. The Board has proposed a 100% dividend payout, pending shareholder approval, signaling strong cash flow confidence.

4. Market Position & Competitive Advantage:

IndiGo sustains leadership with a cost-competitive, young, and fuel-efficient fleet, enabling margin gains amid capacity growth. Extensive network and strategic alliances bolster market coverage and strong load factors (~87%), improving resilience in a cyclical industry.

5. Investor Implications:

Robust quarter-on-quarter margin expansion and fleet-driven market growth indicate positive growth potential. However, forex volatility and elevated rentals pose execution risks to watch. The proposed dividend underscores management’s focus on shareholder returns.