BQ Prime'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 BQ Prime's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Prabhudas Lilladher Report
Interglobe Aviation Ltd. reported impressive performance on revenue front with 60% QoQ growth at Rs 125 billion, led by improved yield of Rs 5.24 (up 19% QoQ).
However, soaring fuel costs (fuel cost per available seat kilometer at Rs 2.18 versus Rs 1.58 QoQ) and higher forex losses (Rs 14 billion versus Rs 6 billion QoQ) continue to remain spoilsports.
Load factor at 79.6% remain considerably below pre-Covid levels of 89%, impacted by price hikes against rising fuel costs. We anticipate Q2 FY23 to be a weak quarter impacted by seasonality and weak macros.
Going ahead, we believe IndiGo is better placed than its peers with ~55% market share.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BQ Prime 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 BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
