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IndiGo's Q4 net profit marginally up
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SME Times News Bureau | 30 Apr, 2016
Budget passenger carrier IndiGo on Friday reported a marginal rise in its net profit for the fourth quarter of 2015-16.
According
to InterGlobe Aviation the mother company of IndiGo, the net profit
during the quarter under review inched up by 0.3 percent to Rs.579.31
crore from Rs.577.33 crore in the like period of 2014-15.
The low
cost carrier's (LCC) total income from operations during Q4 rose by
seven percent to Rs.4,090.67 crore from Rs.3,823.26 crore reported in
the corresponding quarter of 2014-15.
IndiGo flew 24.3 percent
more passenger during the quarter under review. It ferried 0.89 crore
passenger from 0.71 crore ferried in the like period of 2014-15.
For the full financial year 2015-16, IndiGo reported an increase of 52.6 percent in its net profit.
The net profit stood at Rs.1,989.72 crore for the year ended March 31, 2016.
The
company's total income from operations in the period under review grew
by 15.9 percent to Rs.16,139.90 crore from Rs.13,925.33 crore in
2014-15.
The LCC ferried 31.5 percent more passenger during
2015-16. The airline flew 3.31 crore passenger in the period under
review from 2.51 crore ferried during 2014-15.
The company's
board recommended a final dividend of Rs.15 per share (face value of
Rs.10 per share) for the financial year ended March 31, 2016, subject to
the approval of shareholders in the upcoming Annual General Meeting
(AGM).
"In the quarter ended March 2016, IndiGo has announced a
final dividend of Rs.15 per share. Including the interim dividend issued
prior to the IPO," the company said in a statement.
"IndiGo has distributed Rs.42.83 per share for the fiscal year 2016 based on the shares outstanding at the year end."
The company's president and whole-time director Aditya Ghosh said that the company has started receiving A320neo aircraft.
"The
A320neo powered by Pratt and Whitney's fuel efficient geared turbo fan
engines will enable us to structurally reduce our costs as fuel
continues to be the single largest element of our cost structure," Ghosh
said.
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