Changes for page InterGlobe Aviation Ltd

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32 32  
33 33  = Business Overview =
34 34  
35 -
36 36  IndiGo commenced operations in August 2006 with a single aircraft and has grown its fleet to 262 aircraft as of March 31, 2020. The company had placed an order of 430 fuel-efficient A320 NEO family aircraft in 2011 and 2015, of which 114 have been delivered as of March 31, 2020. In addition to this, in October 2019, the company placed an additional firm order for the 300 A320 NEO family aircraft, which includes A321 XLRs in addition to A320 NEOs and A321 NEOs.
37 37  
38 38  At the end of March 2020, the company had 100 fuel-efficient A320 NEOs giving it 15% lower fuel burn compared to the current generation of A320 CEOs without sharklets. The company also have 14 A321 NEOs in its fleet with higher seating capacity, lower unit costs and longer range compared to A320 NEOs. The company had placed an order with Pratt & Whitney to power 150 of its A320 NEO family aircraft. All the A320 NEO family aircraft that IndiGo has today use the Pratt & Whitney GTF engine. In addition to this, in June 2019, the company placed an order with CFM to provide engines for 280 of its NEO aircraft. With this order, IndiGo has identified its engine partner for the initial 430 A320 NEO family order.
... ... @@ -42,15 +42,16 @@
42 42  IndiGo has been recognised among the most valuable and strongest airline brands, as per the Brand Finance Airlines 50 report for 2020. Further, the company was also awarded the ‘Safety Partner - Best Aircraft Turn Around Activity’ by DIAL; the ‘Best Domestic Airline’ at FICCI’s first edition of Travel and Tourism Excellence Awards; and the ‘Companies with Great Managers Award’ by People Business in partnership with The Economic Times. These awards are a testimony to its best-in-class service quality. The company’s learning academy ‘ifly’ also won awards for best practices in Learning and Development under six different categories at the TISS LEAPVAULT Chief Learning Officer (“CLO”) awards by the Tata Institute of Social Sciences.
43 43  
44 44  
45 -Financial Highlights
44 += Financial Highlights =
46 46  
47 47  
48 -Income
47 +**Income**
49 49  
50 50  Passenger ticket revenue:
51 51  
52 52  Passenger ticket revenue increased by 25.0% from Rs. 251,576.91 million in FY 2019 to Rs. 314,470.59 million in FY 2020.
53 53  
53 +
54 54  Revenue from ancillary products and services:
55 55  
56 56  Revenue from ancillary products and services primarily include cargo, special service requests, ticket modification and cancellation, in-flight sales and tours. Revenue from ancillary products and services increased by 30.2% from Rs. 30,309.56 million in FY 2019 to Rs. 39,458.47 million in FY 2020.
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65 65  
66 66  RASK increased by 5.6% from Rs. 3.57 in FY 2019 to Rs. 3.77 in FY 2020, driven by an increase in passenger yield and increase in unit ancillary revenue.
67 67  
68 -Expenses
69 69  
69 +**Expenses**
70 +
70 70  Total expenses increased by 25.3% from Rs. 299,687.48 million in FY 2019 to Rs. 375,471.79 million in FY 2020.
71 71  
72 72  
... ... @@ -74,22 +74,27 @@
74 74  
75 75  Aircraft fuel expenses increased by 4.3% from Rs. 119,427.93 million in FY 2019 to Rs. 124,537.94 million in FY 2020, against 18.8% increase in capacity, on a yearover year basis, and offset by reduction in IOCL ATF prices and increase in the number of fuel-efficient NEO aircraft.
76 76  
78 +
77 77  Aircraft ownership cost:
78 78  
79 79  Aircraft ownership cost comprises of aircraft and engine rentals, supplementary rental and aircraft maintenance cost, depreciation and amortisation, and net interest expense. Aircraft ownership cost increased by 41.5% from Rs. 79,171.24 million in FY 2019 to Rs. 112,052.99 million in FY 2020.
80 80  
83 +
81 81  Employee costs:
82 82  
83 83  Employee costs increased by 46.7% from Rs. 32,105.57 million in FY 2019 to Rs. 47,099.59 million in FY 2020.
84 84  
88 +
85 85  Foreign exchange (gain)/ loss:
86 86  
87 87  Foreign exchange losses increased from Rs. 4,674.87 million in FY 2019 to Rs. 15,461.89 million in FY 2020, primarily driven by mark to market losses on the capitalised operating lease liability, as a result of IndAS 116.
88 88  
93 +
89 89  Other expenses:
90 90  
91 91  Other expenses increased by 19.9% from Rs. 29,482.57 million in FY 2019 to Rs. 35,340.04 million in FY 2020.
92 92  
98 +
93 93  Cost per Available Seat Kilometre (“CASK”):
94 94  
95 95  CASK increased by 5.8% from Rs. 3.59 in FY 2019 to Rs. 3.80 in FY 2020, primarily driven by increase in unit employee cost, unit supplementary rental and aircraft maintenance cost, and higher mark to market losses as a result of rupee depreciation.
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101 101  The total cash increased by 33.1% to Rs. 203,769.40 million as of March 31, 2020, comprising of free cash of Rs. 89,280.97 million and restricted cash of Rs. 114,488.43 million. Total debt for the company was Rs. 227,191.68 million, including capitalised operating lease liability of Rs. 202,848.64 million, as of March 31, 2020.
102 102  
103 103  
104 -Fiscal Year 2021 results.
110 +== Fiscal Year 2021 results. ==
105 105  
106 -June 05, 2021: InterGlobe Aviation Ltd. (“IndiGo”) today reported its fourth quarter and fiscal year 2021 results.
112 +**June 05, 2021: InterGlobe Aviation Ltd. (“IndiGo”) today reported its fourth quarter and fiscal year 2021 results. **{{footnote}}https://www.goindigo.in/content/dam/goindigo/investor-relations/Financial%20Results/2020-21/q4-jan-to-mar-2021/Audited-Financial-Results-Q4-and-FY21.pdf{{/footnote}}
107 107  
108 -[[https:~~/~~/www.goindigo.in/content/dam/goindigo/investor-relations/Financial%20Results/2020-21/q4-jan-to-mar-2021/Audited-Financial-Results-Q4-and-FY21.pdf>>url:https://www.goindigo.in/content/dam/goindigo/investor-relations/Financial%20Results/2020-21/q4-jan-to-mar-2021/Audited-Financial-Results-Q4-and-FY21.pdf]]
109 109  
110 -For the quarter ended March 31, 2021
115 +**For the quarter ended March 31, 2021**
111 111  
112 -Revenue from Operations of INR 62,229 million, a decrease of 25% compared to the same period last year.
117 +* Revenue from Operations of INR 62,229 million, a decrease of 25% compared to the same period last year.
118 +* EBITDAR of INR 6,483 million with EBITDAR margin of 10.4% compared to EBITDAR of INR 867 million with EBITDAR margin of 1.0% for the same period last year.
119 +* Loss before tax of INR 11,575 million, compared to a loss before tax of INR 12,898 million during the same period last year
120 +* Net loss of INR 11,472 million compared to a net loss of INR 8,708 million in the same period last year.
121 +* Basic earnings per share of negative INR 29.8
113 113  
114 -EBITDAR of INR 6,483 million with EBITDAR margin of 10.4% compared to EBITDAR of INR 867 million with EBITDAR margin of 1.0% for the same period last year.
115 115  
116 -Loss before tax of INR 11,575 million, compared to a loss before tax of INR 12,898 million during the same period last year
124 +**For the year ended March 31, 2021**
117 117  
118 -Net loss of INR 11,472 million compared to a net loss of INR 8,708 million in the same period last year.
126 +* Revenue from Operations of INR 146,406 million, a decrease of 59.1% compared to the last year against a capacity decrease of 52.8% during the year.
127 +* EBITDAR of INR 6,227 million with EBITDAR margin of 4.3%, compared to EBITDAR of INR 50,824 million with EBITDAR margin of 14.2% for the last year.
128 +* Loss before tax of INR 58,181 million, compared to loss before tax of INR 2,557 for the last year.
129 +* Net loss of INR 58,064 million, compared to net loss of INR 2,337 in the last year.
130 +* Basic earnings per share of negative INR 150.9
131 +* Strong balance sheet with a total cash of INR 185,685 million including free cash of INR 70,997 million
119 119  
120 -Basic earnings per share of negative INR 29.8
121 121  
122 -
123 -For the year ended March 31, 2021
124 -
125 -Revenue from Operations of INR 146,406 million, a decrease of 59.1% compared to the last year against a capacity decrease of 52.8% during the year.
126 -
127 -EBITDAR of INR 6,227 million with EBITDAR margin of 4.3%, compared to EBITDAR of INR 50,824 million with EBITDAR margin of 14.2% for the last year.
128 -
129 -Loss before tax of INR 58,181 million, compared to loss before tax of INR 2,557 for the last year.
130 -
131 -Net loss of INR 58,064 million, compared to net loss of INR 2,337 in the last year.
132 -
133 -Basic earnings per share of negative INR 150.9
134 -
135 -Strong balance sheet with a total cash of INR 185,685 million including free cash of INR 70,997 million
136 -
137 -
138 138  The Company’s CEO, Mr. Ronojoy Dutta said “This has been a very difficult year with its revenues slumping hard due to covid, showing some signs of recovery during the period December to February and then slumping again with the second wave of the covid. While IndiGo has seen a sharp decline in revenues in March through May, IndiGo is encouraged by the modest revenue improvements starting last week of May and continuing through June. The company see this pandemic as a period of great trial for both its shareholders and its employees. IndiGo is focusing all its efforts and all its energies to strengthen the foundations and the pillars of IndiGo so that the company emerge from this trial significantly stronger structurally and even more customer responsive than ever before. While IndiGo has produced disappointing financial results this year, IndiGo has also positioned itself  to be the best-in-class airline when the inevitable recovery finally arrives.”
139 139  
140 140  
141 -References
137 += References =
142 142  
143 143  {{putFootnotes/}}
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