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Interglobe Aviation Shares Climb Over 8% After Decent Q3Fy22 Performance
Shares of Interglobe Aviation- the parent company of Indigo Airlines has surged to Rs. 2139.85 per share at day's high price. This is a gain of over 8% as against the previous day's closing price of Rs. 1974.35 per share.
The company as of the December 2021 quarter after 4 consecutive quarters of losses, posted net profit of Rs. 128.45 crore. In the corresponding period, the profit has been at Rs. 626.58 crore. Revenue from operations at the company has been at Rs. 92,948 million, an increase of 89.3% against a 50.3% increase in capacity compared to same period last year.
EBITDAR of Rs 19,955 million with EBITDAR margin of 21.5% for the quarter, compared to EBITDAR of Rs 9,871 million with EBITDAR margin of 20.1% for the same period last year. Basic earnings per share was Rs 3.37 for the quarter. Total cash of Rs 173,189 million including free cash of Rs 78,141 million
The better results came due to a rise in domestic demand, which surpassed pre-covid levels, and global air bubble arrangements. Overall capacity deployment in Q3 was at 88% of pre-covid levels.
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