IndiGo to pay dividend after 5 years on record Q4 profit

Airline's quarterly profit jumps 62% to ₹3,068 crore on a spike in travel during Mahakumbh

- Daanish Anand

IndiGo reported a record fourth-quarter profit due to a spike in travel during Mahakumbh, prompting India's largest airline by market share and fleet size to announce its first dividend after five years.

InterGlobe Aviation Ltd, which operates the carrier, recorded a profit after tax (PAT) of ₹3,068 crore in the quarter ended March, a jump of 61.9% from ₹1,895 crore a year earlier.

The company's board recommended a dividend of ₹10 per equity share, subject to shareholder approval. That's 100% on a face value of ₹10 per share.

Total income for the quarter rose 24.8% year-on-year to ₹23,098 crore. Revenue from operations increased 24.3% to ₹22,152 crore. Its expenses in Q4 stood at ₹19,928 crore, rising 19.1% on the back of higher aviation turbine fuel (ATF) prices and aircraft leases.