Financial Performance
• Total Income: 202 billion rupees, an 18% year-over-year increase.
• Profit After Tax: 27.3 billion rupees, marking seven consecutive quarters of profitability.
• Customer Base: Served approximately 28 million customers.
Customer Initiatives
• Introduction of a new business product.
• Trials for in-flight entertainment.
• Enhanced digital services.
Growth Potential
• Emphasis on India's aviation market growth.
• Plans for expanding routes and fleet capabilities, including Airbus XLRs and A350-900s.
Financial Details
• Net Profit: 27.3 billion rupees, down from 30.9 billion rupees year-over-year.
• Net Profit Margin: 13.9%.
• EBITDAR: Increased to 58.1 billion rupees (30% margin).
• Passenger Unit Revenue (PRASK): Stable at 4.54 rupees.
• Fuel Costs: 10.5% increase in fuel CASK; CASK ex-fuel rose by 11%.
Aircraft and Financing
• 15 new aircraft inducted during the quarter.
• Plans to diversify financing sources and add more aircraft on finance leases.
• Total debt: approximately 525.3 billion rupees; capitalized operating lease liability: 449.6 billion rupees.
Future Outlook
• Capacity growth target: early double digits for FY2025.
• Anticipation of stable revenue trends for the upcoming quarter.
Accounting and Compensation Insights
• Lease Types: Differences between operating and finance leases explained.
• AOG Compensation: Linked to the number of incidents and agreements with OEMs.
• Cost Pressures: General escalation in costs due to inflation, particularly in fuel and maintenance.
Market Dynamics
• Demand remains solid despite fluctuations in passenger traffic growth.
• New routes introduced to stimulate demand; average fares stabilized around Rs. 5,000 to Rs. 6,000.
Strategic Initiatives
• Focus on maintaining cost leadership and adapting to consumer trends.
• Discussion on the strategic implications of Noida International Airport.
International Operations
• Confidence in growth potential for international travel from India.
• Successful route expansions in Central Asia.
Conclusion
• Strong financial performance reported for FY 2025 Q1.
• Ongoing initiatives to address market developments and enhance customer experience.

Earnings Call Overview
• Date: June 3, 2024
• Focus: Financial results for the quarter and fiscal year ending March 31, 2024
• Participants: CEO Pieter Elbers, CFO Gaurav Negi
• Compliance: Submitted to National Stock Exchange of India and BSE Limited per SEBI regulations
Financial Performance Highlights
• Total Income: Approximately 712 billion rupees (27% increase YoY)
• Net Profit: Around 82 billion rupees (turnaround from loss in 2023)
• Profitability: Achieved for six consecutive quarters and all four quarters of FY 2024
• Customer Base: 107 million loyal customers
Industry Growth and Expansion
• Passenger Growth: Indian aviation industry saw a 14.5% increase
• New Products: Introduction of a premium business product
• International Expansion: New codeshare agreements and order for 30 Airbus A350-900 aircraft
Financial Year 2024 Results
• Net Profit: 81.7 billion rupees (from a loss of 3.1 billion rupees in FY 2023)
• Net Profit Margin: Improved to 11.9%
• Capacity Increase: 21.8% growth contributing to EBITDAR of 175.4 billion rupees (140% YoY growth)
Cost Management and Future Outlook
• Fuel Costs: Reduction noted, but non-fuel costs increased by 14.7%
• Liquidity: Strong cash position with 208.2 billion rupees in free cash
• Capacity Growth Target: 10-12% increase in FY 2025
Strategic Initiatives
• Quarterly Focus: No annual guidance on spread; emphasis on quarterly capacity and revenue
• New Business Class: Planned rollout before year-end, responding to consumer demand
• Pilot Fatigue Norms: Under legal review
International Operations
• International Contribution: Approximately 27% in ASK and 20-25% in revenue
• Future Goals: Aim for 30% international operations with wide-body aircraft
Fleet and Route Strategy
• Fleet Expansion: Open to additional ATR aircraft orders
• Regional Routes: Important for feeder traffic despite low revenue contribution
Market Trends and Customer Insights
• Yield Trends: Monitoring yield and load factor trends without specific guidance
• Foreign Traveler Share: Accounts for 25-27% of ASKs, with growth expected from international network expansion
Conclusion
• Achievements: Highlighted successes in FY 2024 and plans for continued growth and customer satisfaction.

Summary of InterGlobe Aviation Limited Earnings Call
• Date of Submission: February 8, 2024
• Earnings Call Date: February 2, 2024
• Financial Results Discussed:
• Quarter ending December 31, 2023
• Nine months ending December 31, 2023
• Regulatory Compliance:
• Submitted to National Stock Exchange of India and BSE Limited
• Compliance with SEBI regulations
• Document Signatory: Neerja Sharma, Company Secretary and Chief Compliance Officer