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    INDIGO   INE646L01027

INTERGLOBE AVIATION LIMITED

(INDIGO)
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InterGlobe Aviation : Indian airline IndiGo reports fifth straight quarterly loss

06/05/2021 | 01:11pm EDT
FILE PHOTO: An IndiGo Airlines Airbus A320 aircraft takes off in Colomiers near Toulouse, France

NEW DELHI (Reuters) - Interglobe Aviation Ltd, which runs India's biggest airline IndiGo, reported its fifth straight quarterly loss on Saturday, as the COVID-19 pandemic kept air travel well below normal levels.

The company reported a net loss of 11.47 billion Indian rupees ($157.43 million) in the three months ended March 31, compared with a loss of 8.71 billion rupees a year earlier.

"This has been a very difficult year with our revenues slumping hard due to COVID, showing some signs of recovery during the period December to February and then slumping again with the second wave of the COVID," IndiGo CEO Ronojoy Dutta said in a statement.

The coronavirus pandemic is a period of great trial for IndiGo shareholders and staff, Dutta said, adding that the carrier was strengthening its core to emerge stronger when the sector recovers from the current situation.

India's aviation sector is reeling under losses with air travel brought to a halt for several weeks last year. The country's airlines are expected to lose a total of $4 billion this fiscal year, aviation consultancy CAPA estimated - similar to their losses last fiscal year through to March 31.

Just as air travel in India was beginning to recover earlier this year, a second more deadly wave of the pandemic hit the nation, killing hundreds of thousands of people.

Most Indian states were under lockdown in April and May, and the government has restricted airlines to fly only 50% of their total capacity.

($1 = 72.8600 Indian rupees)

(Reporting by Aditi Shah; editing by Clelia Oziel)


© Reuters 2021
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Financials
Sales 2021 142 B 1 910 M 1 910 M
Net income 2021 -54 431 M -732 M -732 M
Net Debt 2021 151 B 2 029 M 2 029 M
P/E ratio 2021 -11,8x
Yield 2021 -
Capitalization 637 B 8 577 M 8 568 M
EV / Sales 2021 5,55x
EV / Sales 2022 3,91x
Nbr of Employees 27 812
Free-Float 22,6%
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Mean consensus HOLD
Number of Analysts 21
Last Close Price 1 647,35 INR
Average target price 1 762,29 INR
Spread / Average Target 6,98%
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Managers and Directors
Rono Joy Dutta Chief Executive Officer & Executive Director
Wolfgang Prock Schauer President & Chief Operating Officer
Jiten Chopra Chief Financial Officer
Meleveetil Damodaran Chairman
Sanjay Gupta Secretary & Chief Compliance Officer
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