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 High | 2,380.00 |
| 52 Week Low | 1,502.30 |
| Sector PE | 57.23 |
| Face Value | 10 |
| Mkt Cap (Rs. Cr.) | 83,590 |
| Book Value Per Share | 1.82 |
Read Also: Bank of Baroda share price rises 7%, strong FY22 Quarter 3 results | Bank of Baroda Q3 result
Read Also: Zuckerberg’s net worth drops to $85 billion after Meta stock crash
| Net Profit 2021 (Rs. Cr.) | -5,806 |
| Debt to equity (2021) | 23.87 |
| Revenue 2021 (Rs. Cr.) | 14,640 |
| EPS | -150.89 |
| ROE | -5,530.98 |
| Dividend/Share (INR) | 0.00 |
| Promoters holding | 74.78 |
Read Also: Vedant Fashions IPO GMP, Issue Date, Financials, Price, Lot Size & Details
Read Also: Godrej Properties Shares fall 10%, board to acquire 10% stake in DB Realty for Rs 400 cr
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.
Read Also: ITC declared interim dividend of Rs 5.25, Q3 results Net profit rises 14.8% to Rs 4,118.80 cr
Read Also: Nifty Metal rise: Capital expenditure increased by 35% to Rs 7.5 lakh crore in Budget 2022
Read Also: Budget 2022: 30% tax on digital currency, RBI to launch Digital Rupee based on blockchain technology