May 26, 2018 8:43 AM ET

Airlines

Company Overview of InterGlobe Aviation Limited

Company Overview

InterGlobe Aviation Limited provides air transportation services in India and internationally. The company primarily operates IndiGo passenger airline. It also offers ancillary products and services, such as cargo services, service requests, ticket modification or cancellation, in-flight sales, and tours. The company operates a fleet of 131 aircraft. InterGlobe Aviation Limited was incorporated in 2004 and is based in Gurgaon, India. InterGlobe Aviation Limited is a subsidiary of InterGlobe Enterprises Limited.

Tower C

Level 1

Global Business Park

Mehrauli-Gurgaon Road

Gurgaon,  122002

India

Founded in 2004

15,368 Employees

Phone:

91 12 4435 2500

Fax:

91 12 4406 8536

Key Executives for InterGlobe Aviation Limited

President
Age: 42
Total Annual Compensation: 64.8M
Chief Financial Officer
Total Annual Compensation: 68.7M
Compensation as of Fiscal Year 2017.

InterGlobe Aviation Limited Key Developments

InterGlobe Aviation Limited Recommends Final Dividend for the Financial Year Ended March 31 , 2018

The Board of Directors of InterGlobe Aviation Limited have recommended a final dividend of INR 6 per share (face value of INR 10 per share) for the financial year ended March 31, 2018, subject to the approval of shareholders at the forthcoming AGM of the company.

InterGlobe Aviation Limited Announces Audited Standalone Earnings and Operating Results for the Fourth Quarter and Year Ended March 31, 2018 and Audited Consolidated Earnings Results for the Year Ended March 31, 2018; Provides Operating Results Guidance for the First Quarter and Full Year of Fiscal 2019

InterGlobe Aviation Limited announced audited standalone earnings and operating results for the fourth quarter and year ended March 31, 2018 and audited consolidated earnings results for the year ended March 31, 2018. For the quarter, on the standalone basis, the company's revenue from operations was INR 57,991.13 million compared to INR 48,482.19 million a year ago. Profit from operations before exceptional items and tax was INR 1,662.06 million compared to INR 6,189.54 million a year ago. Profit before tax was INR 1,662.06 million compared to INR 6,189.54 million a year ago. Net profit was INR 1,176.42 million compared to INR 4,403.08 million a year ago. Diluted earnings per share (not annualized) were INR 3.05 compared to INR 12.17 a year ago. EBITDAR was INR 11,320.65 million compared to EBITDAR of INR 14,491.06 million for the same period last year. For the year, on the standalone basis, the company's revenue from operations was INR 230,208.87 million compared to INR 185,805.00 million a year ago. Profit from operations before exceptional items and tax was INR 31,266.77 million compared to INR 21,443.40 million a year ago. Profit before tax was INR 31,266.77 million compared to INR 21,443.40 million a year ago. Net profit was INR 22,423.74 million compared to INR 16,591.88 million a year ago. Diluted earnings per share (not annualized) were INR 59.90 compared to INR 45.85 a year ago. EBITDAR was INR 66,768.20 million compared to EBITDAR of INR 54,408.48 million for the same period last year. For the year, on the consolidated basis, the company's revenue from operations was INR 230,208.87 million against INR 185,805.00 million a year ago. Profit from operations before exceptional items and tax was INR 31,266.27 million against INR 21,442.99 million a year ago. Profit before tax was INR 31,266.27 million against INR 21,442.99 million a year ago. Net profit was INR 22,423.74 million compared to INR 16,591.88 million a year ago. Diluted earnings per share (not annualized) were INR 59.90 compared to INR 45.85 a year ago. For the quarter, the company reported ASK of 17.1 billion compared to 14.1 billion a year ago. RPK was 15.2 billion compared to 12.2 billion a year ago. Load factor was 88.9% compared to 86.1% a year ago. RASK for the quarter was INR 3.40 compared to INR 3.52 during the same quarter last year, a decline of 3.2%. This decline in RASK was primarily driven by lower yields, partially offset by higher load factors. For the year, the company reported ASK of 63.5 billion compared to 54.6 billion a year ago. RPK was 55.5 billion compared to 46.3 billion a year ago. Load factor was 87.4% compared to 84.8% a year ago. For fiscal year 2019, year over year capacity increase in ASKs is expected to be 25%. For the first quarter fiscal 2019 year over year increase in capacity is expected to be 18%.

InterGlobe Aviation Announces Management Changes

InterGlobe Aviation announced that Aditya Ghosh, the President and whole-time Director of IndiGo has stepped down from his post. Indigo said that Rahul Bhatia will be serving as its interim Chief Executive Officer as well as the Director of the company.

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