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INTERGLOBE AVIATION (INDIGO) Announces Quarterly Results (3QFY19); Net Profit Down 75.0%

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INTERGLOBE AVIATION (INDIGO) Announces Quarterly Results (3QFY19); Net Profit Down 75.0%
Wed, 6 Mar

INTERGLOBE AVIATION (INDIGO) has announced its results for the quarter ended December 2018. Here is a detailed performance review of the same:

INTERGLOBE AVIATION (INDIGO) Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m61,77961,85379,16228.0%28.1%
Other incomeRs m2,7193,2893,131-4.8%15.2%
TurnoverRs m64,49865,14282,29426.3%27.6%
ExpensesRs m51,86474,50376,9703.3%48.4%
Gross profitRs m9,915-10,0502,192-77.9%
DepreciationRs m1,0741,8202,03812.0%89.8%
InterestRs m8441,3001,3775.9%63.0%
Profit before taxRs m10,716-9,8811,909-82.2%
TaxRs m3,096-3,3590-100.0%
Profit after taxRs m7,620-6,5211,909-75.0%
Gross profit margin%16.0-16.22.8
Effective tax rate%28.934.00.0
Net profit margin%11.8-10.02.3
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 28.1% on a year-on-year (YoY) basis. The expenses were up by 48.4% YoY during the same period.
  • The company's operating profit declined by 77.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 2.8% in 3QFY19 as against 16.0% in 3QFY18.
  • Depreciation charges increased by 89.8% and finance costs increased by 63.0% YoY, respectively.
  • Other income increased by 15.2% YoY during the quarter.
  • Net profit for the quarter declined by 75.0% YoY. Net profit margins during the quarter declined from 11.8% in 3QFY18 to 2.3% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 28.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 3.3% QoQ during the same period.
  • The company's operating profit increased by 121.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 2.8% in 3QFY19 as against 16.2% in 2QFY18.
  • Net profit for the quarter increased by 129.3% QoQ, while net profit margins increased from -10.0% in 2QFY18 to 2.3% in 3QFY19.

To see how INTERGLOBE AVIATION (INDIGO) has performed over the last eight quarters, please visit here.

INTERGLOBE AVIATION (INDIGO) Share Price Performance

Over the last one year, INTERGLOBE AVIATION (INDIGO) share price has moved up from Rs 1,280.4 to Rs 1,227.5, registering a Loss of Rs 52.9 or around 4.1%.

Overall, the S&P BSE SENSEX is up 8.5% over the year.

Current Valuations

At the current price of Rs 1,227.5, the price to book value (P/BV) ratio of INTERGLOBE AVIATION (INDIGO) stands at 6.7 times.

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