IndiGo Q3 Results Review: Motilal Oswal Retains 'Neutral' Stance On The Stock — Here's Why

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. 

Motilal Oswal Report

Interglobe Aviation Ltd. reported flat YoY Ebitda at Rs 51.6 billion and PAT of Rs 24.4 billion (estimate Rs 36.9 billion) in Q3 FY25. Excl. forex loss/gain, Ebitda was 5% above our estimate. Revenue passenger kilometers stood at 35.5 billion. Passenger load factor was 87%, with available seat kilometers of 40.8 billion (est. 40.9 billion) and yield of Rs 5.43 (est. Rs 5.37, down 1% YoY) in Q3.

Management highlighted that the quarter saw robust air travel by customers thanks to the festive season, year-end holidays and a general rise in consumer demand. This was markedly offset by a forex loss of Rs 14.6 billion as rupee continued to depreciate during the quarter, which continued in Jan’25.

Management remains confident that as its international operations expand, it would serve as a natural hedge.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.