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The company’s consolidated revenue for the quarter exceeded estimates, reaching ₹14,944 crore ($2 billion), compared to the projected ₹14,613 crore ($1.96 billion). This represented an approximate 20% year-on-year increase.
However, the company experienced a decline in sequential revenue, dropping over 10% from the previous quarter. Additionally, there was a significant drop in profit from June quarter’s ₹ 3,091 crore ($414.7 million), attributed to the seasonal downturn in Q2.
In terms of operational performance, InterGlobe Aviation’s EBITDAR jumped to ₹2,446 crore ($328.4 million), expanding the operating margin to 16.4% from last year’s 1.8%. Despite this growth in operational profit, the company saw a decrease in revenue per available seat kilometer (ASK), falling to ₹4.25 from ₹4.57. This occurred even as ASK itself grew about 28% from last year’s 27.7 billion.
Based on real-time data from InvestingPro, InterGlobe Aviation (INGL) has been consistently increasing its earnings per share, which aligns with the surprising third-quarter net profit reported. InvestingPro also indicates that INGL’s net income is expected to grow this year, further strengthening the company’s financial outlook.
InvestingPro Tips suggest that INGL is trading at a low P/E ratio relative to near-term earnings growth. This could present an attractive opportunity for investors seeking value in the Passenger Airlines industry. The company’s stock generally trades with low price volatility, providing a degree of stability amidst market fluctuations.
It’s also worth noting that INGL has been profitable over the last twelve months and has shown a strong return over the last five years, according to InvestingPro data. However, potential investors should be aware that INGL does not pay a dividend to shareholders.
For more insights and tips, InvestingPro offers a wealth of information on INGL and other companies. Currently, there are nine additional tips listed for INGL on InvestingPro.
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