๐ซ IndiGo Q4 FY25 Results: Record Profits, Rising Passengers & Strong Outlook
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Piyush Patel_in
Company UpdateVisit: 36223 May 2025
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๐ซ IndiGo Q4 FY25 Results: Record Profits, Rising Passengers & Strong Outlook
Published on: May 2025 Author: Piyush Patel, Research Analyst & Investment Mentor ๐www.profitfromit.co.in
โ๏ธ Overview
Indiaโs largest airline, IndiGo (InterGlobe Aviation Ltd), has announced record-breaking numbers in its Q4 FY25 and full-year FY25 results, showcasing robust profitability, growing passenger volumes, and continued network expansion. The company has also achieved a historic milestone by securing its first international investment-grade credit rating (Baa3) from Moodyโs โ a strong validation of its balance sheet quality and execution strength.
๐ Key Operational Metrics
Metric
Q4 FY25
YoY Growth
FY25
YoY Growth
Passengers (Mn)
31.9
+19.6%
118.6
+11.1%
Capacity (ASK - Bn)
42.1
+21.0%
157.5
+13.1%
Load Factor (%)
87.4%
+1.1 pts
86.0%
+0.0 pts
Yield (โน/Km)
โน5.32
+2.4%
โน5.15
+1.3%
๐ฐ Financial Performance
๐น Consolidated Income Statement
Metric
Q4 FY25
Q4 FY24
FY25
FY24
Growth (%)
Revenue from Ops (โน Mn)
221,519
178,253
808,029
689,043
Q4: +24.3%, FY: +17.3%
Total Income (โน Mn)
230,975
185,051
840,982
712,312
Q4: +24.8%, FY: +18.1%
Total Expenses (โน Mn)
199,281
167,341
765,048
631,819
Q4: +19.1%, FY: +21.1%
PAT (โน Mn)
30,675
18,948
72,584
81,725
Q4: +61.9%, FY: -11.2%
EPS (โน)
79.38
49.09
187.93
211.84
Q4: +61.7%, FY: -11.3%
EBITDAR Margin
31.4%
24.8%
26.3%
25.5%
Improving
PAT Margin
13.8%
10.6%
9.0%
11.9%
Q4: +3.2 pts, FY: -2.9 pts
๐ Balance Sheet Summary (โน Mn)
Metric
FY25
FY24
Total Assets
11,58,435
8,22,245
Equity
93,682
19,965
Lease Liabilities
6,50,098
4,93,884
Debt (Borrowings)
18,000
18,917
Trade Receivables
7,397
6,425
Debt-to-Equity Ratio
0.19x
0.95x
Current Ratio
1.48x
1.16x
PBV
6.0x
10.3x
๐ธ Cash Flow Statement (โน Mn)
Metric
FY25
FY24
CFO
2,41,513
2,12,176
CFI
-1,27,593
-1,18,090
CFF
-1,10,154
-99,785
Net Cashflow
3,766
-5,699
Approx. FCF
โน105,000 Mn
โน90,000 Mn
๐ Key Achievements
Dividend Declared: โน10 per share (100%)
Fleet Strength: 434 aircraft
New Destinations: Added 10+ new international cities
First Investment-Grade Rating (Moodyโs): Baa3, Stable Outlook
๐ฎ Near-Term Outlook
โ International expansion (Europe, Central Asia) โ Consistent yield and passenger growth โ Strong cost management (fuel cost โ6.6% YoY in Q4)
๐ Long-Term Outlook
๐ Rising demand for air travel in Tier 2/3 cities ๐ซ 900+ aircraft on order ensures long-term capacity expansion ๐งพ Improving financial discipline and global credit access
โ Risks to Monitor
Fuel price volatility and INR depreciation
Regulatory changes in aviation or tax norms
Global economic or geopolitical disruptions
๐ข Disclaimer
This analysis is for educational purposes only. It does not constitute a recommendation to buy or sell any stock. Please perform your own research.