The company has done well for Q4 and FY16. Higher topline, lower costs, other and exceptional income, all together helped the company post a turnaround. The airline ended Q4FY16 with a net profit of Rs.397 crore compared to a loss of Rs.1729 crore in previous Q4 but 15% lower profit when compared sequentially. Its total income rose 3.5% at rs.5245 crore of which Rs.4842 crore was via operational income, up 5% and balance Rs.403 was via lease of aircrafts, down 8%. Interestingly, the company’s operating profit and net profit, both are same at Rs.397 crore.

The total cost of the company for Q4FY16 came down 13%, led mainly by a 25% drop in aircraft fuel cost, which comprises 21% of total costs. Employee remuneration was down 5%, selling & distribution expenses came down 10% while aircraft maintenance charges came down sharply by 57%.  The company has an other income of Rs.206 crore and exceptional gain of Rs.4 crore.

The airline company ended FY16 with a consolidated total income of Rs.22207 crore, up 6%. Of this, 55% came from international routes. Net profit for the fiscal wa at Rs.1212 crore v/s loss of Rs.2097 crore – last fiscal it had an exceptional expense of Rs.1172 which pushed the losses to this extent. Its borrowings have come down 10% at Rs.9200 crore and interest outgo came down 4% at Rs.885 crore. Equity stands at Rs.114 crore and EPS was at Rs.107 (FV of Rs.10/share). Cash stood at Rs.1488 crore, down 28%.