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Wednesday, 10 May, 2017, 14 : 00 PM [IST]

IndiGo signs term sheet for 50 ATR 72-600 aircraft

IndiGo has signed a term sheet with Avions de Transport Regional G.I.E. (ATR) for the purchase of 50 ATR 72-600 aircraft with the flexibility to reduce the number of aircraft deliveries based on certain conditions. This term sheet is subject to reaching a mutually satisfactory final purchase agreement with ATR and the engine manufacturer. Assuming that both the intended final purchase agreements are reached, IndiGo plans to launch its turboprop operation at the end of calendar 2017 and expects to induct up to 20 ATR aircraft by December 2018.

Revenue from Operations of INR 48,482.19 million for the quarter ended March 2017, an increase of 18.5% compared to same period last year; Revenue from Operations of INR 185,805 million for the year ended March 2017, an increase of 15.1% compared to same period last year.

EBITDAR (Earnings before interest, taxes, depreciation, amortisation, and restructuring or rent costs) of INR 14,491.06 million with EBITDAR margin of 29.9% for the quarter ended March 2017, compared to EBITDAR of INR 15,516.19 million with EBITDAR margin of 37.9% for the same period last year; EBITDAR of INR 54,408.48 million with EBITDAR margin of 29.3% for the year ended March 2017, compared to EBITDAR of INR 56,801.54 million with EBITDAR margin of 35.2% for the same period last year.

Profit Before Tax (PBT) of INR 6,189.54 million for the quarter ended March 2017, a decrease of 24.3% compared to same period last year; Profit Before Tax (PBT) of INR 21,443.40 million for the year ended March 2017, a decrease of 24.1% compared to same period last year.

Profit After Tax (PAT) of INR 4,403.08 million for the quarter ended March 2017 compared to INR 5,837.84 million, a decrease of 24.6% compared to same period last year; Profit After Tax (PAT) of INR 16,591.88 million for the year ended March 2017 compared to INR 19,861.61 million, a decrease of 16.5% compared to same period last year.

Basic Earnings per share (EPS) was INR 12.2 for the quarter and INR 45.9 for the year ended March 2017. Board of directors recommended a dividend of INR 34 per share.

Aditya Ghosh, President & Whole-time Director, Indigo said, “In support of our Honourable Prime Minister Shri Narendra Modi’s UDAN vision, we are embarking on a journey to build a nation-wide regional network and connect cities that have not benefitted from the growth in Indian aviation. For the last quarter, despite a 38% year over year increase in fuel prices, we have reported a profit after tax of INR 4.4 billion. We are also pleased to report that our board of directors has recommended a dividend of INR 34 per share for the fiscal year 2017.”
 
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