Quarterly Results: InterGlobe Aviation
Bhagyashree Vivarekar / 08 Nov 2016
Interglobe Aviation Ltd.,ended at Rs. 928.5, up by 0.9 points or 0.1% from its earlier closing of Rs. 927.6 on the BSE. The company's net profit has surged 23.6% yoy to Rs 140 cr due to a 63% yoy appraisal in other income and 24% yoy drop in finance costs.
Technical View:
Interglobe Aviation Ltd.,ended at Rs. 928.5, up by 0.9 points or 0.1% from its earlier closing of Rs. 927.6 on the BSE.The scrip touched a high and low of Rs. 945 and Rs. 921.2 respectively, after opening at 929.9. Altogether 132130(NSE+BSE) shares were traded on the counte; and the stock is trading below its 200 DMA.
Consolidated Results Q2FY17 : (Rs. in crore)
***EBITDA margin change in bps
Bloomberg estimates were higher than InterGlobe Aviation’s actual Q2FY17 standalone numbers . Reported revenue is 5.6% lower than the estimate of Rs 4,416 cr. EBITDA has come in 30.5% lesser than the estimated figure of Rs 282 cr. Net profit for the period is lesser than the estimate of Rs 179 cr by 21.7%.
The quarter's revenue has jumped 17.7%% yoy to Rs 4,167 cr. This was primarily anchored by a strong traffic growth, with RPK growing by 32.7% yoy as against AKS growth of 26.7% yoy.
Indigo's reported EBITDA has jumped 27.6% yoy to Rs 196 cr triggered by a 294 bps yoy contraction in EBITDA margin to 4.7%.
The company's net profit has surged 23.6% yoy to Rs 140 cr due to a 63% yoy appraisal in other income and 24% yoy drop in finance costs.
Management remains positive on the growth opportunity with fleet size expected to balloon by 18 aircrafts to 136 by the end of FY17.
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