Interglobe Aviation , the parent company of IndiGo airlines, has reported a consolidated net loss of Rs. 987.00 crore for the quarter ended September 30, compared to a profit of Rs. 189.00 crore in the same period last year. The company's performance was significantly impacted by various factors, including foreign exchange fluctuations and increased operational costs.

Financial Highlights

Key Takeaways

Widening Losses

Interglobe Aviation's net loss for Q2 stood at Rs. 987.00 crore, a significant decline from the profit of Rs. 189.00 crore reported in the same period last year.

Revenue Growth

Despite the increased losses, the company managed to grow its total income to Rs. 15,983.00 crore, up from Rs. 15,305.00 crore in the previous year. This represents a 4.4% year-over-year increase.

Foreign Exchange Impact

The company faced significant headwinds, including unrealized foreign exchange losses of Rs. 3,162.00 crore, which substantially affected its bottom line.

Rising Fuel Costs

Aircraft fuel expenses amounted to Rs. 5,815.00 crore, contributing to the overall increase in total expenses.

Half-Year Performance

For the half-year period, the company posted a loss of Rs. 1,710.00 crore, compared to a profit of Rs. 1,897.00 crore in the previous year.

Other Financial Details

• The company paid Rs. 726.00 million in IGST under protest for imported spare parts during the quarter.
• Interglobe Aviation's Board approved the quarterly results in a meeting held on November 4.
• The company issued 53,618 equity shares under its employee stock option scheme during the quarter.

The results indicate that while Interglobe Aviation has managed to increase its revenue, it faces significant challenges in managing costs and maintaining profitability. The wider loss suggests that the company is grappling with increased operational expenses, particularly due to higher fuel costs and foreign exchange losses.

Investors and analysts may need to closely monitor the company's future performance and any strategic initiatives it may undertake to address these financial challenges. The aviation sector continues to face headwinds, and Interglobe Aviation's results reflect the ongoing pressures in the industry.

InterGlobe Aviation , the parent company of IndiGo airlines, is set to announce its September quarter earnings on November 4. Analysts are anticipating a mixed performance for Q2 due to seasonal weakness typically observed in the aviation sector during this period.

Revenue Projections

Brokerages have forecasted revenue growth ranging between 4% and 13% for InterGlobe Aviation. Here's a breakdown of the topline projections:

Profit and Loss Expectations

Analysts have diverse views on the company's profitability for Q2:

EBITDA Forecasts

Key Insights

• Kotak Equities expects a widening adjusted net loss and an EBITDA of 1241.00 crore with a 7% margin.
• Nuvama forecasts a turnaround with a core profit of 324.00 crore and revenues of 19148.00 crore.
• Motilal Oswal projects a narrowing net loss and an EBITDA of 2112.00 crore with an 11.5% margin.
• ElaraCapital anticipates a recurring PAT of 1530.00 crore.

Outlook

Despite the expected mixed performance in Q2, which reflects seasonal softness, analysts maintain a constructive medium-term outlook for InterGlobe Aviation. This positive stance is supported by the company's international expansion plans and network additions.

Investors and market watchers will be keenly awaiting the official Q2 results announcement on November 4 to gauge the company's performance against these varied projections.