Some points from the Annual Report –
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Agile Airport Services Ltd , IndiGo’s sub that takes care of ground handling did 512cr sale & made 11cr PAT(9cr last year)Interesting how a cost centre has become a Profit centre.
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Forex Earned = Rs. 8,138cr & Forex spent= Rs.19,172cr , As the International contribution to sales increases The Forex volatility(Non cash item) will get hedged naturally to that extent. PFA ICRA’s rating upgrade which mentions this point in detail.
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Operationally company continues to build on its efficiencies thereby increasing the gap between it & the next best player. All the new planes are coming with CFM engines , latest PW issues will not affect growth going forward.
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