InterGlobe Aviation Limited — Interim / Quarterly Report 2025

Oct 25, 2024

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October 25, 2024

IGAL/SECT/10-24/7

To National Stock Exchange of India Limited Exchange Plaza, C-1, Block G Bandra Kurla Complex Bandra – (E), Mumbai – 400 051

To BSE Limited Phiroze Jeejeebhoy Tower Dalal Street Mumbai – 400 001

Symbol: INDIGO

Scrip Code: 539448

Subject: Compliances under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Dear Sir / Madam,

The Board of Directors of the Company in its meeting held on Friday, October 25, 2024, inter-alia , considered and approved the following:

• (a) Unaudited standalone and consolidated financial results (“Financial Results”) for the quarter and half year ended September 30, 2024.

In this regard, please find enclosed:

• i. Unaudited Financial Results along with the Limited Review Reports thereon issued by M/s. S.R. Batliboi & Co. LLP, Chartered Accountants, Statutory Auditors.

• ii. Copies of investor presentation and press release.

• (b) Investment of upto INR 295 crore in IndiGo Ventures Fund – I (a scheme of InterGlobe Aviation Ventures (Category – II, Alternate Investment Fund – AIF Trust). The details of the transaction are enclosed.

The Board meeting commenced at 01:30 p.m. (IST) and concluded at 03:35 p.m. (IST). The above is for your information and record.

Thanking you,

For InterGlobe Aviation Limited

Digitally signed by NEERJA NEERJA SHARMA SHARMA Date: 2024.10.25 15:38:01 +05'30'

Neerja Sharma Company Secretary and Chief Compliance Officer

Encl: As above

InterGlobe Aviation Limited

Registered Office: Upper Ground Floor, Thapar House, Gate No. 2, Western Wing, 124 Janpath, New Delhi – 110 001, India. M +91 9650098905, F + 91 11 43513200 Email: corporate@goindigo.in Corporate Office: Emaar Capital Tower-II, Sector-26, Sikanderpur Ghosi, MG Road, Gurugram-122022, Haryana, India. T +91 124 435 2500. CIN no.: L62100DL2004PLC129768

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67, Institutional Area Sector 44, Gurugram - 122 003 Haryana, India

Tel: +91 124 681 6000

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Independent Auditor’s Review Report on the Quarterly and Year to Date Unaudited Consolidated Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

Review Report to The Board of Directors InterGlobe Aviation Limited

1. We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of InterGlobe Aviation Limited (the “Holding Company”) and its subsidiaries, (the Holding Company and its subsidiaries together referred to as “the Group”), for the quarter ended September 30, 2024 and year to date from April 1, 2024 to September 30, 2024 (the “Statement”) attached herewith, being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the “Listing Regulations”).

2. The Holding Company’s Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) “Interim Financial Reporting” prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Statement has been approved by the Holding Company’s Board of Directors. Our responsibility is to express a conclusion on the Statement based on our review.

3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, “Review of Interim Financial Information Performed by the Independent Auditor of the Entity” issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

We also performed procedures in accordance with the Circular No. CIR/CFD/CMD1/44/2019 dated March 29, 2019 issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable.

1. The Statement includes the results of the following entities: Agile Airport Services Private Limited, InterGlobe Aviation Financial Services IFSC Private Limited and InterGlobe Aviation Ventures LLP.

2. Based on our review conducted and procedures performed as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards (‘Ind AS’) specified under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.

For S.R. Batliboi & Co. LLP Chartered Accountants ICAI Firm registration number: 301003E/E300005

Sanjay Vij

Digitally signed by Sanjay Vij DN: cn=Sanjay Vij, c=IN, o=Personal, email=sanjay.vij@srb.in Date: 2024.10.25 15:45:58 +05'30'

per Sanjay Vij Partner Membership No.: 095169 UDIN: 24095169BKFNFL6314

Place of Signature: Gurugram Date: October 25, 2024

S.R. Batliboi & Co LLP, a Limited Liability Partnership with LLP Identity No. AAB-4294 Regd. Of fi ce : 22, Camac Street, Block ‘B’, 3rd Floor, Kolkata-700 016

InterGlobe Aviation Limited

CIN: L62100DL2004PLC129768

Regd. Office: Upper Ground Floor, Thapar House, Gate No. 2, Western Wing, 124 Janpath, New Delhi - 110 001, India Website: www.goindigo.in; e-mail: investors@goindigo.in; Tel: +91 9650098905; Fax: +91 11 4351 3200

Statement of unaudited consolidated financial results for the quarter and half year ended 30 September 2024

Particulars 1. Income a. Revenue from operations b. Other income Total income 2. Expenses a. Aircraft fuel expenses b. Aircraft and engine rentals c. Supplementary rentals and aircraft repair and maintenance (net) d. Airport fees and charges e. Purchase of stock-in-trade (In-flight) f. Changes in inventories of stock-in-trade g. Employee benefits expense h. Finance costs i. Depreciation and amortisation expenses j. Foreign exchange loss (net) k. Other expenses Total expenses 3. 4. a. Current tax b. Deferred tax (credit) / charge 5. 6. a. Items that will not be reclassified to profit or loss - Remeasurements of defined benefit plans (net of tax) b. Items that will be reclassified to profit or loss - Net gain due to foreign currency translation differences - Debt instruments through other comprehensive income (net of tax) 7. 8. Profit / (loss) for the period / year attributable to - Owners of the Company - Non-controlling interest 9. - Owners of the Company - Non-controlling interest 10. - Owners of the Company - Non-controlling interest 11. 12. 13. a. Basic (Rs.) b. Diluted (Rs.) S. No. Profit / (loss) for the period / year (3-4) Profit / (loss) before tax (1-2) Tax expense Total tax (credit) / expense Reserves excluding revaluation reserves as per balance sheet Earnings Per Share (of Rs. 10 each) (Refer to Note 8): See accompanying notes to the unaudited consolidated financial results Other comprehensive income Other comprehensive income / (loss) for the period / year, net of tax Total comprehensive income / (loss) for the period / year (5+6) Paid-up equity share capital (face value of Rs. 10 each, fully paid) Other comprehensive income / (loss) for the period / year attributable to Total comprehensive income / (loss) for the period / year attributable to

Year ended 30 September 2024 30 June 2024 30 September 2023 30 September 2024 30 September 2023 31 March 2024 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 169,696 195,707 149,439 365,403 316,269 689,043 7,894 6,782 5,590 14,676 10,369 23,269 177,590 202,489 155,029 380,079 326,638 712,312 66,052 64,165 58,560 130,217 110,841 239,046 7,636 6,241 1,956 13,877 3,901 10,752 27,446 26,033 21,171 53,479 45,422 99,316 13,848 12,861 9,813 26,709 22,008 46,239 813 837 818 1,650 1,540 3,369 (1) 19 3 18 27 54 18,494 17,572 15,217 36,066 29,715 64,618 12,401 11,576 10,213 23,977 19,750 41,694 20,875 18,758 15,490 39,633 29,568 64,257 2,406 575 6,171 2,981 5,011 7,174 16,691 15,812 13,726 32,503 26,057 55,300 186,661 174,449 153,138 361,110 293,840 631,819 (9,071) 28,040 1,891 18,969 32,798 80,493 796 752 2 1,548 3 10 - - - - - (1,242) 796 752 2 1,548 3 (1,232) (9,867) 27,288 1,889 17,421 32,795 81,725 (70) 60 6 (10) (14) (152) 0 0 - 0 - - 0 11 (16) 11 (10) 6 (70) 71 (10) 1 (24) (146) (9,937) 27,359 1,879 17,422 32,771 81,579 (9,867) 27,288 1,889 17,421 32,795 81,725 - - - - - - (70) 71 (10) 1 (24) (146) - - - - - - (9,937) 27,359 1,879 17,422 32,771 81,579 - - - - - - 3,863 3,860 3,858 3,863 3,858 3,860 16,105 (25.55) 70.70 4.90 45.12 85.04 211.84 (25.51) 70.57 4.89 45.06 84.92 211.61 Quarter ended (Rupees in millions, except for share data and if otherwise stated) Half year ended

InterGlobe Aviation Limited

CIN: L62100DL2004PLC129768

Regd. Office: Upper Ground Floor, Thapar House, Gate No. 2, Western Wing, 124 Janpath, New Delhi - 110 001, India Website: www.goindigo.in; e-mail: investors@goindigo.in; Tel: +91 9650098905; Fax: +91 11 4351 3200

Consolidated Statement of Assets and Liabilities as at 30 September 2024

S. No. Particulars I. ASSETS Non-current assets a. Property, plant and equipment b. Right of use assets c. Capital work-in-progress d. Intangible assets e. Intangible assets under development f. Financial assets (i) Investments (ii) Other financial assets g. Deferred tax assets (net) h. Income tax assets (net) i. Other non-current assets Total non-current assets Current assets a. Inventories b. Financial assets (i) Investments (ii) Trade receivables (iii) Cash and cash equivalents (iv) Bank balances other than cash and cash equivalents, above (v) Other financial assets c. Other current assets Total current assets TOTAL ASSETS II. EQUITY AND LIABILITIES Equity a. Equity share capital b. Other equity Equity attributable to the owners of the Company c. Non-controlling interest Total equity Liabilities Non-current liabilities a. Financial liabilities (i) Lease liabilities (ii) Other financial liabilities b. Provisions c. Other non-current liabilities d. Deferred incentives Total non-current liabilities Current liabilities a. Financial liabilities (i) Borrowings (ii) Lease liabilities (iii) Trade payables - total outstanding dues of micro enterprises and small enterprises - total outstanding dues of creditors other than micro enterprises and small enterprises (iv) Other financial liabilities b. Provisions c. Current tax liabilities (net) d. Other current liabilities e. Deferred incentives Total current liabilities TOTAL EQUITY AND LIABILITIES See accompanying notes to the unaudited consolidated financial results

As at 30 September 2024 As at 31 March 2024 (Unaudited) (Audited) 19,010 19,029 414,856 342,023 196 1 405 483 30 13 9,993 9,748 66,484 52,963 4,192 4,192 17,231 16,101 19,901 19,161 552,298 463,714 7,079 6,248 194,001 155,711 7,148 6,425 10,914 6,953 155,479 160,253 24,432 17,282 20,842 5,659 419,895 358,531 972,193 822,245 3,863 3,860 34,148 16,105 38,011 19,965 - - 38,011 19,965 449,233 378,635 109,167 92,343 22,254 22,301 694 717 143 302 581,491 494,298 18,000 18,917 125,136 115,249 225 267 34,507 31,309 84,889 70,509 10,573 5,890 31 31 78,933 65,334 397 476 352,691 307,982 972,193 822,245 (Rupees in millions)

InterGlobe Aviation Limited

CIN: L62100DL2004PLC129768

Regd. Office: Upper Ground Floor, Thapar House, Gate No. 2, Western Wing, 124 Janpath, New Delhi - 110 001, India Website: www.goindigo.in; e-mail: investors@goindigo.in; Tel: +91 9650098905; Fax: +91 11 4351 3200

Consolidated Statement of Cash Flows for the half year ended 30 September 2024

Particulars A. Cash flows from operating activities Profit before tax Adjustments for: Depreciation and amortisation expenses Interest on lease liabilities Unrealised foreign exchange loss (net) Interest accretion on provisions and other financial liabilities measured at amortised cost (net) Mark to market gain on current investments at fair value Interest income from bank deposits Non cash incentives, claims and credits Net gain on sale of current investments Interest income from financial assets at amortised cost Employee stock option scheme expense (included in salaries, wages and bonus) Unrealised loss on fair valuation of derivatives (net) Liabilities no longer required written back Interest on borrowings measured at amortised cost Property, plant and equipment written off Profit on sale of property, plant and equipment (net) Bad debts written off Impairment loss / (reversals) on trade receivables Operating profit before working capital changes Adjustments for: Increase in other financial assets and other assets (Increase) / decrease in inventories Increase in trade payables, other financial liabilities, other liabilities and provisions Increase in trade receivables Cash generated from operating activities Income taxes paid Net cash generated from operating activities B. Cash flows from investing activities Purchase of mutual funds / equity shares / non-convertible bonds Proceeds from sale of mutual funds / equity shares / non-convertible bonds Investment in deposits Proceeds from maturity of deposits Interest received Proceeds from sale and leaseback of owned assets (net) Major inspection and overhaul costs on leased aircraft (including capital advances) Purchase of property, plant and equipment and intangible assets (including capital advances) Proceeds from sale of property, plant and equipment Net cash used in investing activities C. Cash flows from financing activities Repayment of lease liabilities (net of incentives) Interest charges paid on lease liabilities Proceeds from / (repayment) of short-term borrowings (net) Interest paid on borrowings Securities premium received on account of issue of shares Proceeds from issue of shares on exercise of stock options Net cash used in financing activities S. No.

30 September 2024 30 September 2023 (Unaudited) (Unaudited) 18,969 32,798 39,633 29,568 19,196 16,519 3,407 5,450 4,641 2,954 (6,129) (4,163) (5,414) (3,565) (238) (238) (386) (393) (2,076) (1,321) 408 225 2 - (1) 0 140 272 208 407 (6) (9) 0 - (1) (5) 72,353 78,499 (31,493) (21,749) (831) 24 48,507 57,389 (711) (2,414) 87,825 111,749 (2,678) (2,059) 85,147 109,690 (98,987) (157,414) 67,076 128,394 (92,173) (92,023) 88,389 53,025 6,407 2,364 7,330 3,423 (2,968) (4,998) (3,390) (3,996) 75 22 (28,241) (71,203) (33,301) (21,438) (18,800) (16,519) (913) 1 (178) (308) 213 185 3 2 (52,976) (38,077) For the half year ended (Rupees in millions)

InterGlobe Aviation Limited

CIN: L62100DL2004PLC129768

Regd. Office: Upper Ground Floor, Thapar House, Gate No. 2, Western Wing, 124 Janpath, New Delhi - 110 001, India Website: www.goindigo.in; e-mail: investors@goindigo.in; Tel: +91 9650098905; Fax: +91 11 4351 3200

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Consolidated Statement of Cash Flows for the half year ended 30 September 2024
(Rupees in millions)
S. Particulars For the half year ended
No. 30 September 2024 30 September 2023
(Unaudited) (Unaudited)
Net increase in cash and cash equivalents during the period (A+B+C) 3,930 410
Effect of exchange rate changes on cash and cash equivalents held in foreign currency 31 (26)
D. Cash and cash equivalents at the beginning of the period
Cash on hand 18 8
Balances with banks:
- On current accounts 6,012 6,513
- On deposit accounts (with original maturity of three months or less) 923 6,159
6,953 12,680
E. Cash and cash equivalents as at the end of the period
Cash on hand 18 12
Balances with banks:
- On current accounts 5,801 7,496
- On deposit accounts (with original maturity of three months or less) 5,095 5,556
10,914 13,064
See accompanying notes to the unaudited consolidated financial results
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InterGlobe Aviation Limited
CIN: L62100DL2004PLC129768
Regd. Office: Upper Ground Floor, Thapar House, Gate No. 2, Western Wing, 124 Janpath, New Delhi - 110 001, India
Website: www.goindigo.in; e-mail: investors@goindigo.in; Tel: +91 9650098905; Fax: +91 11 4351 3200
Notes:
1. The above unaudited consolidated financial results for the quarter and half year ended 30 September 2024 of InterGlobe Aviation Limited (the "Company") were reviewed by the Audit
Committee and subsequently approved by the Board of Directors at their respective meetings held on 25 October 2024. The results have been subjected to a limited review by the Statutory
Auditors of the Company and its subsidiaries (namely 'Agile Airport Services Private Limited', 'InterGlobe Aviation Financial Services IFSC Private Limited' and 'InterGlobe Aviation
Ventures LLP') [the company and its subsidiaries together referred to as 'the Group'] pursuant to Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015, as amended ("SEBI LODR Regulations"), who have issued an unmodified conclusion on the same.
2. The income tax authority has assessed the return of income of the Group up to Assessment Year (“AY”) 2022-23 and has revised the taxable income for certain years on account of
disallowance of certain expenses and in respect of the tax treatment of certain incentives received from the manufacturer in respect of acquisition of aircraft and engines. The Group has
not yet received assessment order for subsequent years.
The Group has received favourable orders against such disallowances / additions from the Special Bench of Income Tax Appellate Tribunal (“ITAT”) for AY 2012-13 and Divisional
Bench of ITAT for certain years till AY 2015-16. However, the income tax authority’s appeals against these orders are pending before the Hon’ble High Court of Delhi.
The Group believes, based on legal advice from counsels, that the view taken by ITAT Special Bench and Divisional Bench is sustainable in higher courts and accordingly, no provision is
required to be recorded in the books of account.
The tax exposure (excluding interest and penalty) for matters disallowed by income tax authorities up to AY 2022-23 i.e. the last year assessed, amounts to Rs. 24,185 million in case the
incentives are held to be taxable. The above amount is net of Rs. 5,332 million, which represents minimum alternate tax recoverable written off in the earlier years. Further, the above tax
exposure will also impact carried forward losses having a tax effect of Rs. 18,227 million.
3. During the quarter ended 30 September 2024, the Group has paid Integrated Goods and Services Tax (“IGST”) amounting to Rs. 738 million under protest, on re-import of repaired
aircraft, aircraft engines and other certain aircraft parts, to Custom authorities and therefore as at 30 September 2024, cumulative amount paid under protest is Rs. 17,208 million, against
which appeals have been filed or to be filed before the Appellate authorities. In past, the Group had received favourable orders on this matter from the Customs Excise and Service Tax
Appellate Tribunal (“CESTAT”), New Delhi. However, the Customs authorities filed an appeal before the Hon’ble Supreme Court of India against the above-mentioned CESTAT orders.
The matter is yet to be decided by the Supreme Court and no stay on CESTAT orders has been granted by the Supreme Court till date. Further, the Custom authorities vide Customs
amendment Notification dated 19 July 2021 (“Amendment Notification”) has amended earlier Customs exemption Notification to reiterate their position that IGST is applicable on re-
import of goods after repair. Based on the advice received from the legal counsels, we continue to believe that, IGST is still not payable on such re-import of repaired aircraft, aircraft
engines and other certain aircraft parts even after the above-mentioned Amendment Notification. The Group had filed a Writ Petition before the Hon’ble High Court of Delhi challenging
the constitutional validity of the Amendment Notification. The matter is pending for disposal before the Hon’ble High Court of Delhi. Accordingly, the above amounts paid under protest
till 30 September 2024 have been shown as recoverable.
4. Based on the "management approach" as defined in Ind AS 108 – Operating Segments, the Chief Operating Decision Maker ("CODM") evaluates the Group’s performance at an overall
group level as one segment i.e. "air transportation services" based on the nature of operations, the risks and rewards and the nature of the regulatory environment across the Group's
network and the interchangeability of use of assets across the network routes of the Group. Accordingly, the disclosures as per Regulation 33 (1)(e) read with Clause (L) of Part A of
Schedule IV of the SEBI LODR Regulations are not applicable for the Group.
5. During the quarter ended 30 June 2024, the Company had finalized an amendment to existing agreement with International Aero Engines, LLC ("IAE"), an affiliate of Pratt & Whitney
pursuant to which IAE has provided the Company with a customized compensation plan to mitigate the impact of the ongoing situation of Aircraft on Ground due to unavailability of
engines. Consequently, Revenue from operations for the quarter ended 30 September 2024 includes compensation accrued by the Company. Further, certain reimbursements have also been
netted off against expenditure for the quarter ended 30 September 2024.
6. During the quarter ended 30 September 2024, 281,520 equity shares of Rs. 10 each were issued and allotted under the InterGlobe Aviation Limited Employees Stock Option Scheme -
2015. Consequently, the issued and paid-up share capital of the Company as on 30 September 2024 stands increased to Rs. 3,863 million.
7. Post closure of the quarter ended 30 September 2024, 11,000 equity shares of Rs. 10 each were issued and allotted under the InterGlobe Aviation Limited - Employees Stock Option
Scheme 2015. Consequently, the issued and paid-up share capital of the Company stands increased to Rs. 3,863 million.
8. Earnings per share is not annualized for the quarter ended 30 September 2024, 30 June 2024 and 30 September 2023 and for the half year ended 30 September 2024 and 30 September
2023.
9. The figure "0" represents the amounts less than Rs. 0.5 million.
(For and on behalf of the Board of Directors)
RAHUL Digitally signed
by RAHUL BHATIA
BHATIA Date: 2024.10.25 15:37:28 +05'30'
Place : Gurugram Rahul Bhatia
Date : 25 October 2024 Managing Director
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67, Institutional Area Sector 44, Gurugram - 122 003 Haryana, India

Tel: +91 124 681 6000

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Independent Auditor’s Review Report on the Quarterly and Year to Date Unaudited Standalone Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

Review Report to The Board of Directors InterGlobe Aviation Limited

1. We have reviewed the accompanying Statement of Unaudited Standalone Financial Results of InterGlobe Aviation Limited (the “Company”) for the quarter ended September 30, 2024 and year to date from April 1, 2024 to September 30, 2024 (the “Statement”), attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the “Listing Regulations”).

2. The Company’s Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) “Interim Financial Reporting” prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Statement has been approved by the Company’s Board of Directors. Our responsibility is to express a conclusion on the Statement based on our review.

3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, “Review of Interim Financial Information Performed by the Independent Auditor of the Entity” issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards (‘Ind AS’) specified under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.

For S.R. Batliboi & Co. LLP Chartered Accountants ICAI Firm registration number: 301003E/E300005

Digitally signed by Sanjay Vij DN: cn=Sanjay Vij, c=IN, o=Personal, email=sanjay.vij@srb.in Date: 2024.10.25 15:46:28 +05'30'

Sanjay Vij

per Sanjay Vij Partner Membership No.: 095169 UDIN: 24095169BKFNFK7969

Place of Signature: Gurugram Date: October 25, 2024

S.R. Batliboi & Co LLP, a Limited Liability Partnership with LLP Identity No. AAB-4294 Regd. Of fi ce : 22, Camac Street, Block ‘B’, 3rd Floor, Kolkata-700 016

InterGlobe Aviation Limited

CIN: L62100DL2004PLC129768

Regd. Office: Upper Ground Floor, Thapar House, Gate No. 2, Western Wing, 124 Janpath, New Delhi - 110 001, India Website: www.goindigo.in; e-mail: investors@goindigo.in; Tel: +91 9650098905; Fax: +91 11 4351 3200

Statement of unaudited standalone financial results for the quarter and half year ended 30 September 2024

(Rupees in millions, except for share data and if otherwise stated)

1. Income a. Revenue from operations b. Other income Total income 2. Expenses a. Aircraft fuel expenses b. Aircraft and engine rentals c. Supplementary rentals and aircraft repair and maintenance (net) d. Airport fees and charges e. Purchase of stock-in-trade (In-flight) f. Changes in inventories of stock-in-trade g. Employee benefits expense h. Finance costs i. Depreciation and amortisation expenses j. Foreign exchange loss (net) k. Other expenses Total expenses 3. 4. a. Current tax b. Deferred tax (credit) / charge 5. 6. a. Items that will not be reclassified to profit or loss - Remeasurements of defined benefit plans (net of tax) b. Items that will be reclassified to profit or loss - Debt instruments through other comprehensive income (net of tax) 7. 8. 9. 10. a. Basic (Rs.) b. Diluted (Rs.) S. No. Particulars Reserves excluding revaluation reserves as per balance sheet Earnings Per Share (of Rs. 10 each) (Refer to Note 8): See accompanying notes to the unaudited standalone financial results Other comprehensive income / (loss) for the period / year, net of tax Total comprehensive income / (loss) for the period / year (5+6) Paid-up equity share capital (face value of Rs. 10 each, fully paid) Other comprehensive income Profit / (loss) before tax (1-2) Tax expense Total tax (credit) / expense Profit / (loss) for the period / year (3-4)

Year ended 30 September 2024 30 June 2024 30 September 2023 30 September 2024 30 September 2023 31 March 2024 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 169,696 195,707 149,439 365,403 316,269 689,043 7,905 6,797 5,582 14,702 10,358 23,256 177,601 202,504 155,021 380,105 326,627 712,299 66,052 64,165 58,560 130,217 110,841 239,046 7,636 6,241 1,956 13,877 3,901 10,752 27,446 26,033 21,171 53,479 45,422 99,316 13,848 12,861 9,813 26,709 22,008 46,239 813 837 818 1,650 1,540 3,369 (1) 19 3 18 27 54 16,677 15,859 13,732 32,536 26,873 58,377 12,401 11,576 10,213 23,977 19,750 41,694 20,776 18,665 15,455 39,441 29,498 64,056 2,406 575 6,171 2,981 5,011 7,174 18,641 17,656 15,250 36,297 29,005 61,790 186,695 174,487 153,142 361,182 293,876 631,867 (9,094) 28,017 1,879 18,923 32,751 80,432 794 750 - 1,544 - - - - - - - (1,243) 794 750 - 1,544 - (1,243) (9,888) 27,267 1,879 17,379 32,751 81,675 (56) 65 8 9 (46) (181) 0 11 (17) 11 (10) 6 (56) 76 (9) 20 (56) (175) (9,944) 27,343 1,870 17,399 32,695 81,500 3,863 3,860 3,858 3,863 3,858 3,860 15,459 (25.60) 70.64 4.87 45.01 84.93 211.71 (25.57) 70.51 4.86 44.95 84.81 211.48 Half year ended Quarter ended

InterGlobe Aviation Limited

CIN: L62100DL2004PLC129768

Regd. Office: Upper Ground Floor, Thapar House, Gate No. 2, Western Wing, 124 Janpath, New Delhi - 110 001, India Website: www.goindigo.in; e-mail: investors@goindigo.in; Tel: +91 9650098905; Fax: +91 11 4351 3200

Standalone Statement of Assets and Liabilities as at 30 September 2024

S. No. Particulars I. ASSETS Non-current assets a. Property, plant and equipment b. Right of use assets c. Capital work-in-progress d. Intangible assets e. Intangible assets under development f. Financial assets (i) Investments (ii) Loans (iii) Other financial assets g. Deferred tax assets (net) h. Income tax assets (net) i. Other non-current assets Total non-current assets Current assets a. Inventories b. Financial assets (i) Investments (ii) Trade receivables (iii) Cash and cash equivalents (iv) Bank balances other than cash and cash equivalents, above (v) Loans (vi) Other financial assets c. Other current assets Total current assets TOTAL ASSETS II. EQUITY AND LIABILITIES Equity a. Equity share capital b. Other equity Total equity Liabilities Non-current liabilities a. Financial liabilities (i) Lease liabilities (ii) Other financial liabilities b. Provisions c. Other non-current liabilities d. Deferred incentives Total non-current liabilities Current liabilities a. Financial liabilities (i) Borrowings (ii) Lease liabilities (iii) Trade payables - total outstanding dues of micro enterprises and small enterprises - total outstanding dues of creditors other than micro enterprises and small enterprises (iv) Other financial liabilities b. Provisions c. Current tax liabilities (net) d. Other current liabilities e. Deferred incentives Total current liabilities TOTAL EQUITY AND LIABILITIES See accompanying notes to the unaudited standalone financial results

As at 30 September 2024 As at 31 March 2024 (Unaudited) (Audited) 17,799 17,862 414,856 342,023 196 1 403 480 30 13 10,046 9,750 790 852 66,442 52,925 4,192 4,192 16,970 15,970 19,875 19,095 551,599 463,163 7,079 6,248 192,833 154,782 7,148 6,425 10,543 6,890 155,429 160,203 125 125 24,432 17,280 20,789 5,572 418,378 357,525 969,977 820,688 3,863 3,860 33,479 15,459 37,342 19,319 449,233 378,635 109,167 92,343 21,808 21,921 694 717 143 302 581,045 493,918 18,000 18,917 125,136 115,249 220 240 34,568 31,626 84,878 70,460 10,474 5,820 31 31 77,886 64,632 397 476 351,590 307,451 969,977 820,688 (Rupees in millions)

InterGlobe Aviation Limited

CIN: L62100DL2004PLC129768

Regd. Office: Upper Ground Floor, Thapar House, Gate No. 2, Western Wing, 124 Janpath, New Delhi - 110 001, India Website: www.goindigo.in; e-mail: investors@goindigo.in; Tel: +91 9650098905; Fax: +91 11 4351 3200

Standalone Statement of Cash Flows for the half year ended 30 September 2024

S. No. Particulars A. Cash flows from operating activities Profit before tax Adjustments for: Depreciation and amortisation expenses Interest on lease liabilities Unrealised foreign exchange loss (net) Interest accretion on provisions and other financial liabilities measured at amortised cost (net) Mark to market gain on current investments at fair value Interest income from bank deposits Non cash incentives, claims and credits Net gain on sale of current investments Interest income from financial assets at amortised cost Employee stock option scheme expense (included in salaries, wages and bonus) Unrealised loss on fair valuation of derivatives (net) Liabilities no longer required written back Interest on borrowings measured at amortised cost Property, plant and equipment written off Profit on sale of property, plant and equipment (net) Bad debts written off Impairment loss / (reversals) on trade receivables Operating profit before working capital changes Adjustments for: Increase in other financial assets and other assets (Increase) / decrease in inventories Increase in trade payables, other financial liabilities, other liabilities and provisions Increase in trade receivables Cash generated from operating activities Income taxes paid Net cash generated from operating activities B. Cash flows from investing activities Purchase of mutual funds / equity shares / non-convertible bonds Proceeds from sale of mutual funds / equity shares / non-convertible bonds Investment in deposits Proceeds from maturity of deposits Investment in Subsidiaries Repayment of loan given to subsidiary Interest received Proceeds from sale and leaseback of owned assets (net) Major inspection and overhaul costs on leased aircraft (including capital advances) Purchase of property, plant and equipment and intangible assets (including capital advances) Proceeds from sale of property, plant and equipment Net cash used in investing activities C. Cash flows from financing activities Repayment of lease liabilities (net of incentives) Interest charges paid on lease liabilities Proceeds from / (repayment) of short-term borrowings (net) Interest paid on borrowings Securities premium received on account of issue of shares Proceeds from issue of shares on exercise of stock options Net cash used in financing activities

30 September 2024 30 September 2023 (Unaudited) (Unaudited) 18,923 32,751 39,441 29,498 19,196 16,519 3,407 5,450 4,641 2,954 (6,105) (4,150) (5,412) (3,563) (238) (238) (377) (388) (2,124) (1,321) 408 225 2 - (1) 0 140 272 208 407 (6) (9) 0 - (1) (5) 72,102 78,402 (31,523) (21,762) (831) 24 47,850 57,101 (711) (2,414) 86,887 111,351 (2,544) (2,037) 84,343 109,314 (97,120) (156,144) 65,417 127,443 (92,123) (91,973) 88,339 52,975 (53) - 63 - 6,452 2,361 7,330 3,423 (2,968) (4,998) (3,157) (3,756) 75 22 (27,745) (70,647) (33,301) (21,438) (18,800) (16,519) (913) 1 (178) (308) 213 185 3 2 (52,976) (38,077) For the half year ended (Rupees in millions)

InterGlobe Aviation Limited

CIN: L62100DL2004PLC129768

Regd. Office: Upper Ground Floor, Thapar House, Gate No. 2, Western Wing, 124 Janpath, New Delhi - 110 001, India Website: www.goindigo.in; e-mail: investors@goindigo.in; Tel: +91 9650098905; Fax: +91 11 4351 3200

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Standalone Statement of Cash Flows for the half year ended 30 September 2024
(Rupees in millions)
S. No. Particulars For the half year ended
30 September 2024 30 September 2023
(Unaudited) (Unaudited)
Net increase in cash and cash equivalents during the period (A+B+C) 3,622 590
Effect of exchange rate changes on cash and cash equivalents held in foreign currency 31 (26)
D. Cash and cash equivalents at the beginning of the period
Cash on hand 17 8
Balances with banks:
- On current accounts 5,950 6,272
- On deposit accounts (with original maturity of three months or less) 923 6,158
6,890 12,438
E. Cash and cash equivalents as at the end of the period
Cash on hand 17 10
Balances with banks:
- On current accounts 5,431 7,436
- On deposit accounts (with original maturity of three months or less) 5,095 5,556
10,543 13,002
See accompanying notes to the unaudited standalone financial results
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	InterGlobe Aviation Limited
	CIN: L62100DL2004PLC129768
	Regd. Office: Upper Ground Floor, Thapar House, Gate No. 2, Western Wing, 124 Janpath, New Delhi - 110 001, India
	Website: www.goindigo.in; e-mail: investors@goindigo.in; Tel: +91 9650098905; Fax: +91 11 4351 3200
Notes:
1.	The above unaudited standalone financial results for the quarter and half year ended 30 September 2024 of InterGlobe Aviation Limited (the "Company") were reviewed by the
	Audit Committee and subsequently approved by the Board of Directors at their respective meetings held on 25 October 2024. The results have been subjected to a limited review
	by the Statutory Auditors of the Company pursuant to Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements)
	Regulations, 2015, as amended ("SEBI LODR Regulations"), who have issued an unmodified conclusion on the same.
2.	The income tax authority has assessed the return of income of the Company up to Assessment Year (“AY”) 2022-23 and has revised the taxable income for certain years on
	account of disallowance of certain expenses and in respect of the tax treatment of certain incentives received from the manufacturer in respect of acquisition of aircraft and
	engines. The Company has not yet received assessment order for subsequent years.
	The Company has received favourable orders against such disallowances / additions from the Special Bench of Income Tax Appellate Tribunal (“ITAT”) for AY 2012-13 and
	Divisional Bench of ITAT for certain years till AY 2015-16. However, the income tax authority’s appeals against these orders are pending before the Hon’ble High Court of Delhi.
	The Company believes, based on legal advice from counsels, that the view taken by ITAT Special Bench and Divisional Bench is sustainable in higher courts and accordingly, no
	provision is required to be recorded in the books of account.
	The tax exposure (excluding interest and penalty) for matters disallowed by income tax authorities up to AY 2022-23 i.e. the last year assessed, amounts to Rs. 24,185 million in
	case the incentives are held to be taxable. The above amount is net of Rs. 5,332 million, which represents minimum alternate tax recoverable written off in the earlier years.
	Further, the above tax exposure will also impact carried forward losses having a tax effect of Rs. 18,227 million.
3.	During the quarter ended 30 September 2024, the Company has paid Integrated Goods and Services Tax (“IGST”) amounting to Rs. 738 million under protest, on re-import of
	repaired aircraft, aircraft engines and other certain aircraft parts, to Custom authorities and therefore as at 30 September 2024, cumulative amount paid under protest is Rs. 17,208
	million, against which appeals have been filed or to be filed before the Appellate authorities. In past, the Company had received favourable orders on this matter from the Customs
	Excise and Service Tax Appellate Tribunal (“CESTAT”), New Delhi. However, the Customs authorities filed an appeal before the Hon’ble Supreme Court of India against the
	above-mentioned CESTAT orders. The matter is yet to be decided by the Supreme Court and no stay on CESTAT orders has been granted by the Supreme Court till date. Further,
	the Custom authorities vide Customs amendment Notification dated 19 July 2021 (“Amendment Notification”) has amended earlier Customs exemption Notification to reiterate
	their position that IGST is applicable on re-import of goods after repair. Based on the advice received from the legal counsels, we continue to believe that, IGST is still not payable
	on such re-import of repaired aircraft, aircraft engines and other certain aircraft parts even after the above-mentioned Amendment Notification. The Company had filed a Writ
	Petition before the Hon’ble High Court of Delhi challenging the constitutional validity of the Amendment Notification. The matter is pending for disposal before the Hon’ble High
	Court of Delhi. Accordingly, the above amounts paid under protest till 30 September 2024 have been shown as recoverable.
4.	Based on the "management approach" as defined in Ind AS 108 – Operating Segments, the Chief Operating Decision Maker ("CODM") evaluates the Company’s performance at
	an overall company level as one segment i.e. "air transportation services" based on the nature of operations, the risks and rewards and the nature of the regulatory environment
	across the Company's network and the interchangeability of use of assets across the network routes of the Company. Accordingly, the disclosures as per Regulation 33 (1)(e) read
	with Clause (L) of Part A of Schedule IV of the SEBI LODR Regulations are not applicable for the Company.
5.	During the quarter ended 30 June 2024, the Company had finalized an amendment to existing agreement with International Aero Engines, LLC ("IAE"), an affiliate of Pratt &
	Whitney pursuant to which IAE has provided the Company with a customized compensation plan to mitigate the impact of the ongoing situation of Aircraft on Ground due to
	unavailability of engines. Consequently, Revenue from operations for the quarter ended 30 September 2024 includes compensation accrued by the Company. Further, certain
	reimbursements have also been netted off against expenditure for the quarter ended 30 September 2024.
6	During the quarter ended 30 September 2024, 281,520 equity shares of Rs. 10 each were issued and allotted under the InterGlobe Aviation Limited Employees Stock Option
	Scheme - 2015. Consequently, the issued and paid-up share capital of the Company as on 30 September 2024 stands increased to Rs. 3,863 million.
7	Post closure of the quarter ended 30 September 2024, 11,000 equity shares of Rs. 10 each were issued and allotted under the InterGlobe Aviation Limited - Employees Stock
	Option Scheme 2015. Consequently, the issued and paid-up share capital of the Company stands increased to Rs. 3,863 million.
8.	Earnings per share is not annualized for the quarter ended 30 September 2024, 30 June 2024 and 30 September 2023 and for the half year ended 30 September 2024 and 30
	September 2023.
9.	The figure "0" represents the amounts less than Rs. 0.5 million.

(For and on behalf of the Board of Directors) RAHUL Digitally signed by RAHUL BHATIA BHATIA Date: 2024.10.25 15:36:54 +05'30'

Place : Gurugram Date : 25 October 2024

Rahul Bhatia Managing Director