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IndiGo: Profitability takes wings, ready to gain new altitude

Nitin Agrawal   •

Strong demand from domestic and international travellers and the high-yield scenario augur well for the airline

InterGlobe Aviation: InterGlobe Aviation Q3 profit jumps 11-fold to Rs 1,422.6 crore as revenue surges 61%, EBITDAR climbs 70%. The low-cost airline operator has recorded a 11-fold year-on-year increase in profit at Rs 1,422.6 crore as revenue for the quarter at Rs 14,933 crore increased by 60.7% and EBITDAR at Rs 3,399 crore grew by 70.3% compared to year-ago period with EBITDAR margin expansion of 130 bps YoY. Margin hit by higher fuel cost. Profit excluding foreign exchange loss (Rs 586.5 crore) came in at Rs 2,009.1 crore for the quarter, rising 16-fold YoY. Passenger numbers increased by 25.8% to 2.23 crore and yield improved by 21.9% to Rs 5.38 and load factor improved by 5.4 points to 85.1%.

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This Research Report / Research Recommendation has been published by Moneycontrol Dot Com India Limited (hereinafter referred to as “MCD”) which is a registered Investment Advisor under the Securities and Exchange Board of India (Investment Advisers) ...Read More