Indigo Q3 Profit Plunges 78% to ₹550 Crore Amid Operational Challenges

• InterGlobe Aviation, Indigo's parent company, reported a 78% year-on-year drop in net profit to ₹549.1 crore for the December quarter.
• Despite the profit decline, the company's operational revenue saw a 6.16% jump, reaching ₹23,471.9 crore.
• Exceptional items totaling ₹1,546.5 crore impacted profit, including provisions for new labor laws, operational disruption costs, and a DGCA penalty.
• EBITDA increased by 3.6% to ₹5,367 crore, but the operating margin slightly slipped from 23.4% to 22.9%.
• Capacity (ASKs) grew by 11.2%, and passenger numbers increased by 2.8%, with a technical dispatch reliability of 99.9%.

Why It Matters: Indigo's Q3 profit significantly declined due to exceptional costs, despite revenue growth and increased capacity.