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This Article is From Jul 29, 2024

Interglobe Aviation Q1 Results Review - Capacity Guidance, Outlook Remain Intact: Motilal Oswal

Interglobe Aviation Q1 Results Review - Capacity Guidance, Outlook Remain Intact: Motilal Oswal
An aircraft operated by IndiGo, a unit of Interglobe Aviation Ltd., on the tarmac in an airport. (Photographer: Vijay Sartape/ Source: NDTV Profit)

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 an Ebitda growth of 4% YoY to Rs 51.5 billion in Q1 FY25, while profit after tax declined 12% YoY to Rs 27.3 billion (versus our estimate of Rs 15.7 billion). Revenue passenger kilometers was 31.5b. The passenger load factor was 86.8% with available seat kilometers at 36.3 billion (estimate: of 35.5 billion) and yield at Rs 5.24 (versus estimate of Rs 4.72, +1% YoY) in Q1 FY25.

Currently, IndiGo's ~70+ aircraft are grounded due to Pratt & Whitney engine issues, and the management believes this number would be range-bound. IndiGo added incremental 17 destinations (10 domestic and seven international) YoY in Q1 FY25 while highlighting the fact that the Indian market is still underpenetrated both in terms of domestic and international travel.

Click on the attachment to read the full report:

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