- IndiGo’s net income for the third quarter was 24.5 billion rupees, which is an 18% decrease compared to the previous year and below the estimated 26.4 billion rupees.
- Revenue rose to 221.1 billion rupees, surpassing the estimated 213.96 billion rupees.
- Total costs increased by 20% year-on-year, reaching 204.7 billion rupees.
- Fuel costs decreased by 6.2% from last year to 64.2 billion rupees, which is less than the estimated 67.22 billion rupees.
- The company experienced a foreign exchange loss of 14.6 billion rupees, a significant increase from the 509 million rupees loss in the previous year.
- Other income increased by 45% to 8.82 billion rupees.
- Analyst recommendations include 17 buys, 3 holds, and 2 sells.
InterGlobe Aviation Ltd on Smartkarma
Analyst coverage of InterGlobe Aviation Ltd on Smartkarma reveals insights from Sumeet Singh regarding the latest developments in the company. In the research report titled “Interglobe Aviation (Indigo) Placement – Another US$800m+ Deal, This Time by the Correct Co-Founder“, Sumeet Singh discusses co-founder Rakesh Gangwal’s plan to raise approximately US$850m by selling about 3.8% stake in Indigo. This move follows Gangwal’s previous announcement to reduce his stake after a public dispute with co-founder Rahul Bhatia. The report delves into the lockup dynamics and potential implications of this placement.
A look at InterGlobe Aviation Ltd Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 1 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
InterGlobe Aviation Ltd, a company that provides passenger airline services globally, is projected to have a positive long-term outlook based on the Smartkarma Smart Scores. With a score of 4 in Growth and 3 in Momentum, the company seems to be on a path of strong expansion and market performance. However, the scores of 2 in Value and Resilience indicate some room for improvement in terms of value proposition and ability to withstand economic challenges.
While InterGlobe Aviation Ltd may need to focus on enhancing its value and resilience factors, its promising scores in Growth and Momentum suggest a potentially bright future ahead. Although the company’s dividend score is lower at 1, investors may be more interested in the growth potential and market momentum that InterGlobe Aviation Ltd is displaying.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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