Indigo Shares Surge as Q4 Profits Double, Up 93% This Year

Indigo shares are set to capture investor interest following impressive Q4 results, where the airline's net profit more than doubled compared to the same period last year.
Indigo Shares Surge as Q4 Profits Double, Up 93% This Year

Indigo’s shares are garnering attention after Q4 results revealed a doubling of profits year-over-year. The airline reported exceptional earnings that exceeded market expectations, sparking investor interest.

Invest in Direct Mutual Funds IPOs Bonds and Equity at ZERO COST

Interglobe Aviation, Indigo’s parent company, achieved a new all-time high for two consecutive days following a positive earnings report. Shares opened over 1% higher at Rs 4,453.1 and peaked at Rs 4,520, reflecting a gain of 2.7%.

The airline’s financial strength was evident, with a net profit of Rs 1,894.8 crore for the quarter, up from Rs 919.2 crore the previous year. This surge was supported by a 26.7% increase in total income to Rs 18,505.1 crore, influenced by a favourable external environment.

EBITDAR also saw significant growth, rising to Rs 4,412 crore from Rs 2,966.5 crore last year, enhancing the EBITDAR margin from 20.9% to 24.8%. The company also reported a 14% increase in passenger numbers, improving load factors and yield.

Indigo’s financial position remains robust with a total cash balance of Rs 34,737 crore, despite a total debt of Rs 51,280 crore. The company plans to launch a new business travel product targeting India’s major business routes. The stock’s impressive year-long performance included a 93% gain.

Loading
Read More News
Stock to watch today आज सबका ध्यान Zomato, Paytm, HAL, TCS जैसे Stocks पर!

Stock to watch today: आज सबका ध्यान Zomato, Paytm, HAL, TCS जैसे Stocks पर!

आज जिन शेयरों पर नज़र रखनी है उनमें Ixigo की लिस्टिंग और Zomato द्वारा Paytm के टिकटिंग व्यवसाय का संभावित अधिग्रहण शामिल है। प्रमुख घटनाक्रमों के कारण HAL, Paytm, Wipro और TCS भी प्रमुखता से शामिल हैं।

STOP PAYING

₹ 20 BROKERAGE

ON TRADES !

Trade Intraday and Futures & Options