INTERGLOBE AVIATION (INDIGO) Announces Quarterly Results (3QFY20); Net Profit Up 156.9%

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INTERGLOBE AVIATION (INDIGO) Announces Quarterly Results (3QFY20); Net Profit Up 156.9%
Tue, 28 Jan

INTERGLOBE AVIATION (INDIGO) has announced its results for the quarter ended December 2019. Here is a detailed performance review of the same:

INTERGLOBE AVIATION (INDIGO) Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m79,16281,05299,31722.5%25.5%
Other incomeRs m3,1314,3473,986-8.3%27.3%
TurnoverRs m82,29485,399103,30321.0%25.5%
ExpensesRs m76,97081,25182,6181.7%7.3%
Gross profitRs m2,192-19916,699661.7%
DepreciationRs m2,03810,28710,3770.9%409.1%
InterestRs m1,3774,2354,80513.5%249.0%
Profit before taxRs m1,909-10,3745,504188.3%
TaxRs m0283599112.1%0.0%
Profit after taxRs m1,909-10,6564,905156.9%
Gross profit margin%2.8-0.216.8
Effective tax rate%0.0-2.710.9
Net profit margin%2.3-12.54.7
* 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 25.5% on a year-on-year (YoY) basis. The expenses were up by 7.3% YoY during the same period.
  • The company's operating profit increased by 661.7% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 16.8% in 3QFY20 as against 2.8% in 3QFY19.
  • Depreciation charges increased by 409.1% and finance costs increased by 249.0% YoY, respectively.
  • Other income increased by 27.3% YoY during the quarter.
  • Net profit for the quarter increased by 156.9% YoY. Net profit margins during the quarter increased from 2.3% in 3QFY19 to 4.7% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 22.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 1.7% QoQ during the same period.
  • The company's operating profit declined by 8498.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 16.8% in 3QFY20 as against 0.2% in 2QFY19.
  • Net profit for the quarter increased by 146.0% QoQ, while net profit margins increased from -12.5% in 2QFY19 to 4.7% in 3QFY20.

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

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INTERGLOBE AVIATION (INDIGO) Share Price Performance

Over the last one year,INTERGLOBE AVIATION (INDIGO) share price has moved up from Rs 1,171.4 to Rs 1,470.6, registering a Gain of Rs 299.2 or around 25.5%.

Overall, the S&P BSE SENSEX is up 15.2% over the year.

Current Valuations

At the current price of Rs 1,470.6, the price to earnings (P/E) ratio of INTERGLOBE AVIATION (INDIGO) stands at 46.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 8.1 times.

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