Indigo Q3 results: Indigo share price rises 9%, posts profit of Rs 129.79 cr in Q3 FY22

Indigo share price rises 9%
Share price (Image: Canva)

Today the share price of India’s leading airline company Interglobe Aviation (Indigo) was trading almost 9.45% higher at Rs 2161. The company recorded a profit of Rs 129.79 crore in quarter 3 while the company was posting losses continuously for the last 7 quarters.

In the same quarter last year, indigo recorded a loss of Rs 621 crore. The company’s net revenue also rose by 89% on a year-on-year basis at Rs 9,294.77.

The passenger ticket revenue of the company also increased by 98.4% on a year-on-year basis and the ancillary revenue of the same company also increased by 41.3% at Rs 1141.70 crore.

According to Analyse, the reason for the strong performance of indigo is its improving yield and utilization.

Apart from this, the board of Indigo Company today approved the proposal to appoint co-founder and promoter Rahul Bhatia as managing director with immediate effect.

Indigo share: Financials

52 Week High2,380.00
52 Week Low1,502.30
Sector PE57.23
Face Value10
Mkt Cap (Rs. Cr.)83,590
Book Value Per Share1.82

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Net Profit 2021 (Rs. Cr.)-5,806
Debt to equity (2021)23.87
Revenue 2021 (Rs. Cr.)14,640
Dividend/Share (INR)0.00
Promoters holding74.78

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This article is only for education purpose and the author has his own views and research, so if you invest in these stocks then do it at your own risk and do the research yourself before investing.

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