InterGlobe Aviation Ltd.'s stock surged as high as 6.7% amid sharply falling crude oil prices.The shares hit a high of Rs 5,489 apiece on the NSE on Thursday.
Crude oil prices have corrected sharply following a blue wave sweeping through the United States House of Representatives and Senate on Wednesday, increasing hopes of a possible de-escalation in Iran war. Brent Crude traded at around $93.9 per barrel levels when last checked.
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By 10:30 a.m. IndiGo shares traded 5.16% higher at Rs 5,407.30, after paring some gains. The easing of oil prices often means gains for aviation companies as the cost of fuel reduces considerably.
Air Traffic
IndiGo's air traffic jumped 14.5% on a month-on-month basis in October to 135.4 lakh from 118.2 lakh. However, it declined on a year-on-year basis to 135.4 lakh vs 142.5 lakh.
IndiGo Q2 FY27
InterGlobe Aviation Ltd., the parent company of IndiGo, reported a narrower consolidated net loss for the September quarter of fiscal 2027 as revenue rose 25.9% year-on-year, supported by improved operating performance.
The airline reported a net loss of Rs 1,879 crore for second quarter 2027, compared with a loss of Rs 2,582 crore in the corresponding quarter last year. The loss was also lower than the consensus estimate of Rs 2,063 crore.
Revenue from operations increased 25.9% year-on-year to Rs 23,364 crore, compared with Rs 18,555 crore in the year-ago quarter. The figure exceeded the market estimate of Rs 22,988 crore.
IndiGo's earnings before interest, taxes, depreciation and amortisation (Ebitda) rose 229% to Rs 1,908 crore from Rs 579 crore a year earlier. Ebitda margin expanded to 8.2% from 3.1% in the same period last year.
However, earnings before interest, tax, depreciation, amortisation and rent (Ebitdar) declined 3% year-on-year to Rs 3,667 crore from Rs 3,792 crore. Ebitdar margin contracted to 15.7% from 20.4%.
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