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MarketScreener Homepage  >  Equities  >  NSE India Stock Exchange  >  InterGlobe Aviation Limited    INDIGO   INE646L01027

INTERGLOBE AVIATION LIMITED

(INDIGO)
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Delayed Quote. Delayed NSE India Stock Exchange - 12/03 03:04:17 am
1633.3 INR   +2.52%
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India's top airline IndiGo posts quarterly loss on pandemic hit

10/29/2020 | 09:31am EST
FILE PHOTO: An IndiGo Airlines Airbus A320 aircraft takes off in Colomiers near Toulouse, France

BENGALURU (Reuters) - Interglobe Aviation Ltd, which runs India's largest airline IndiGo, reported a quarterly loss on Thursday as pandemic-related travel restrictions continued to dent its operations.

The global aviation industry has been among the worst hit by the pandemic and related travel restrictions.

The airline said it expects third-quarter average seat kilometers (ASKs) to be around 60% of its ASKs for the same quarter a year earlier.

"We are slowly but surely stair-stepping our way back to normal capacity," Chief Executive Officer Ronojoy Dutta said in a statement.

"Once we are back at 100% capacity, we will have lower unit costs, a stronger product, more efficient fleet and a robust network," he said.

The company's second-quarter net loss came in at 11.95 billion rupees ($161.61 million), compared with a loss of 10.66 billion rupees last year.

IndiGo, which dominates the domestic market, said its total debt as of September stood at 254,194 million rupees, up 28% from last year.

In June, IndiGo said it would cut up to 40 billion rupees in costs and speed up the return of older planes to leasing companies in an attempt to cope with the pandemic-incurred hit to business.

Revenue from operations plunged 66% to 27.41 billion rupees, the airline operator said on Thursday.

 

(Corrects to remove reference to record quarterly loss in headline and biggest quarterly loss in paragraph 1)

 

(Reporting by Chandini Monnappa in Bengaluru and Aditi Shah in New Delhi, Editing by Sherry Jacob-Phillips)


© Reuters 2020
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Financials
Sales 2021 163 B 2 201 M 2 201 M
Net income 2021 -42 581 M -576 M -576 M
Net Debt 2021 70 636 M 956 M 956 M
P/E ratio 2021 -14,4x
Yield 2021 -
Capitalization 613 B 8 313 M 8 296 M
EV / Sales 2021 4,20x
EV / Sales 2022 1,94x
Nbr of Employees 27 812
Free-Float 21,3%
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Technical analysis trends INTERGLOBE AVIATION LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 1 530,96 INR
Last Close Price 1 593,10 INR
Spread / Highest target 31,8%
Spread / Average Target -3,90%
Spread / Lowest Target -31,9%
EPS Revisions
Managers
NameTitle
Rono Joy Dutta Chief Executive Officer & Executive Director
Wolfgang Prock Schauer President & Chief Operating Officer
Meleveetil Damodaran Chairman
Aditya Pande Chief Financial Officer
Rahul Bhatia Non-Executive Director
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