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IndiGo profit jumps over 300% YoY to Rs 1304cr in FY15

IndiGo’s revenues rose 25 percent to Rs 14,320 crore. Net margin stood at 9.4 percent while profit before tax was Rs 1,847 crore.

The country’s largest aviation firm IndiGo said its fiscal year 2015 profit surged 314 percent, from Rs 317 crore last year, to Rs 1,304 crore.

IndiGo’s revenues rose 25 percent to Rs 14,320 crore. Net margin stood at 9.4 percent while profit before tax was Rs 1,847 crore.

The company said it had added 1,400 new employees during the fiscal, placed an order for 250 A320 Neo aircraft, which would take its fleet tally to 430.

“We also inducted former Bank of Baroda Chairman MD Mallya and former World Bank official Anupam Khanna,” IndiGo said.

The company would have benefited from a more than 50 percent slump in oil prices during the fiscal — fuel costs amount to about 40 to 60 percent of an airline’s operating costs.

IndiGo, the only consistently-profitable firm, in recent Indian history, has filed papers for a stock listing that will take place soon.

Experts say the company’s consistent profitability comes from a strict focus on the low-cost model: sticking to the same fleet, having an immaculate control on costs, etc.

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