INSUBCONTINENT EXCLUSIVE:
Authors: TheIndianSubcontinent News AgencyNEW DELHI: InterGlobe Aviation on Wednesday reported 73.30 per cent yearly drop in profit at Rs
117.64 crore for March quarter.
The owner of IndiGo airlines had reported Rs 440.30 crore profit in the corresponding quarter last
year.
Aditya Ghosh, the company President, stepped down last week
Promoter and co-founder Rahul Bhatia, has been appointed as interim CEO.
In a filing to the BSE, the company said the Q4 numbers included
certain credits received from manufacturers to offset some of the impact of aircraft groundings and delivery delays.
Revenue for the quarter
rose 19.6 per cent YoY to Rs 5,799.11 crore
PAT Margin for the quarter fell to 2 per cent from 9.1 per cent in the year-ago quarter.
Ebitdar (Earnings before interest, taxes,
depreciation, amortization and rent/restructuring costs) margin for the quarter for the quarter fell to 19.5 per cent from 29.9 per cent in
the same period last year.
The company said its entire debt at Rs 2,452.72 crore is aircraft-related
lndiGo does not have any working capital debt, it said
The aviation company had a total cash balance of Rs 13,708 crore, the company said.
The company board has recommended a dividend of Rs 6 per
