The Board of Interglobe Aviation at its meeting held on 25 October 2024 has approved investment of up to Rs 295 crore in IndiGo Ventures Fund - I (a scheme of InterGlobe Aviation Ventures (Category - II, Alternate Investment Fund - AIF Trust). The Company proposes to invest Rs 295 crore in the Scheme. The Scheme will primarily invest in equity of start-ups in pre-series A, Series A and Series B stages. The focus sectors will be Aviation & Allied sectors.Powered by Capital Market - Live

Net loss of Interglobe Aviation reported to Rs 986.70 crore in the quarter ended September 2024 as against net profit of Rs 188.93 crore during the previous quarter ended September 2023. Sales rose 13.56% to Rs 16969.60 crore in the quarter ended September 2024 as against Rs 14943.88 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales16969.6014943.88 14 OPM %9.6114.72 - PBDT1180.401738.07 -32 PBT-907.10189.10 PL NP-986.70188.93 PL Powered by Capital Market - Live

However, revenue from operations jumped 13.55% year on year (YoY) to Rs 16,969.6 crore in the quarter ended 30 September 2024. Total income in Q2 FY25 was at Rs 17,759 crore, up 14.55% from Rs 15,502.9 crore reported in Q2 FY24. Durning the quarter, passenger ticket revenues were Rs 143,59.2 crore, an increase of 9.9% and ancillary revenues were Rs 1,875 crore, up 20.9% compared to the same period last year. EBITDAR (earnings before finance income and cost, tax, depreciation, amortization and aircraft, engine rental) declined marginally to Rs 2,434 crore in Q2 FY25 as against to Rs 2,446.5 crore reported in Q2 FY24. EBITDAR margin reduced to 14.3% in Q2 FY25 as compared to 16.4% recorded in the corresponding quarter previous year. Total expenses spiked 21.89% YoY to Rs 18,666.1 crore in Q2 FY25. Aircraft fuel expenses amounted to Rs 6,605.2 crore (up 12.79% YoY) while Aircraft and engine rentals was at Rs 763.6 crore (up 290.38% YoY) during the quarter. The company's passenger count rose by 5.8% to 27.8 million in quarter ended September 2024 from 26.3 million reported in the same quarter last year. Available seat-kilometer (ASK) increased 8.2% to 38.2 billion in Q2 FY25 from 35.3 billion posted in Q2 FY24. Revenue passenger-kilometer (RPK) grew by 7.4% to 31.6 billion in September 2024 quarter over 29.4 billion reported in September 2023 quarter. Revenue per available seat kilometer (RASK) rose 4.8% to Rs 4.45 in Q2 FY25 from Rs 4.25 reported in Q2 FY24. While, cost of available seat kilometer (CASK) was at Rs 4.69 in Q2 FY25, up 11.8% YoY. As of 30 September 2024, IndiGo had a total cash balance of Rs 39,341.9 crore, comprising Rs 24,359.7 crore of free cash and Rs 14,982.2 crore of restricted cash. The capitalized operating lease liability was Rs 47,779.4 crore and the total debt (including the capitalized operating lease liability) was Rs 59,236.9 crore, as of 30 September 2024. IndiGo operated at a peak of 2,161 daily flights during the quarter including non-scheduled flights. Explaining its future capacity growth, the company said, 'Third quarter of fiscal year 2025 capacity in terms of ASKs is expected to increase by early double digits as compared to the third quarter of fiscal year 2024.' Pieter Elbers, CEO of InterGlobe Aviation said, 'IndiGo's growth and expansion continued as our topline grew by 14.6 percent on a year over year basis, in the second quarter to 178 billion rupees. In a traditionally weaker second quarter, results were further impacted by headwinds related to groundings and fuel costs. We have turned the corner as the number of grounded aircraft and associated costs have started reducing. We continue to capitalize on the growth of the Indian market and associated opportunities and at the same time remain a cost leader in this competitive market. It marks a proud moment for us as we launch our business class two weeks from now and offer a new experience to our customers. We are receiving positive response to our recently launched loyalty rewards program ' IndiGo BluChip. I would like to extend my gratitude to our 6E family for their continuous efforts in making IndiGo India's preferred airline and courteously serving 28 million customers during the quarter.' Meanwhile, the company has announced an investment of up to Rs 295 crore in IndiGo Ventures Fund ' I (a scheme of InterGlobe Aviation Ventures (Category ' II, Alternate Investment Fund ' AIF Trust). The Scheme has been recently approved by SEBI and is yet to commence investing activity. This scheme will primarily invest in equity of start-ups in pre-series A, Series A and Series B stages. The focus sectors will be Aviation & Allied sectors. InterGlobe Aviation in the low cost carrier (LCC) segment of the airline industry in India. The principal activities of the company comprises of air transportation which includes passenger and cargo services and providing related allied services including in-flight sales. The scrip fell 3.64% to settle at Rs 1,601.85 on the BSE. Powered by Capital Market - Live

InterGlobe Aviation will hold a meeting of the Board of Directors of the Company on 25 October 2024.Powered by Capital Market - Live

Interglobe Aviation has allotted 10,000 equity shares under ESOS on 01 October 2024. With this allotment, the paid up equity share capital has increased to 386,272,209 equity shares of Rs 10 each. Powered by Capital Market - Live

Aurobindo Pharma Ltd, Welspun Living Ltd, Global Health Ltd, Kalpataru Projects International Ltd are among the other stocks to see a surge in volumes on BSE today, 01 October 2024.Interglobe Aviation Ltd witnessed volume of 1.85 lakh shares by 10:48 IST on BSE, a 9.64 times surge over two-week average daily volume of 19149 shares. The stock increased 1.40% to Rs.4,854.50. Volumes stood at 15650 shares in the last session.Aurobindo Pharma Ltd saw volume of 1.22 lakh shares by 10:48 IST on BSE, a 6.07 fold spurt over two-week average daily volume of 20173 shares. The stock dropped 3.55% to Rs.1,409.00. Volumes stood at 31711 shares in the last session.Welspun Living Ltd notched up volume of 7.64 lakh shares by 10:48 IST on BSE, a 3.94 fold spurt over two-week average daily volume of 1.94 lakh shares. The stock rose 6.38% to Rs.174.20. Volumes stood at 3.68 lakh shares in the last session.Global Health Ltd notched up volume of 33744 shares by 10:48 IST on BSE, a 3.81 fold spurt over two-week average daily volume of 8867 shares. The stock slipped 3.64% to Rs.990.00. Volumes stood at 23898 shares in the last session.Kalpataru Projects International Ltd recorded volume of 28843 shares by 10:48 IST on BSE, a 3.75 times surge over two-week average daily volume of 7697 shares. The stock gained 1.87% to Rs.1,393.10. Volumes stood at 6708 shares in the last session.Powered by Capital Market - Live

InterGlobe Aviation has appointed Isidro Porqueras as Chief Operating Officer (COO) effective 01 November 2024. Porqueras will succeed Wolfgang Prock-Schauer, who has been successfully leading the operations at IndiGo for past 7 years (since 2018) and will be retiring later this year.Powered by Capital Market - Live

InterGlobe Aviation has allotted 28,097 equity shares under ESOP on 02 September 2024. With this, the total issued shares capital stands increased to Rs 3,862,612,090. Powered by Capital Market - Live