2024-10-26 10:12:06 :
Interglobe Aviation second quarter results live broadcast: Interglobe Aviation announced its second quarter results on October 25, 2024. The report showed that, $986.7 Crores. Despite the financial setback, the company’s revenue still increased 13.56% compared with the same period last year.
In the last financial year, Interglobe Aviation’s profit was $188.93 Crore in the same quarter. The stark contrast highlights the challenges the airline currently faces, particularly as revenue fell 13.29% from the previous quarter.
The company’s selling expenses, general expenses and administrative expenses increased by 5.25% month-on-month and 21.53% year-on-year, indicating that rising operating costs are affecting profitability.
Operating income fell sharply, down 106.46% month-on-month and 117.01% year-on-year. This decline was reflected in earnings per share (EPS), which was $Q2 was -25.55, a significant decrease of 622.49% year-on-year.
Despite these challenges, Interglobe Aviation’s market performance has shown some resilience. The company returned -2.25% last week, but has returned 18.55% over the past six months, giving it an impressive year-to-date return of 52.33%.
Currently, Interglobe Aviation has a market capitalization of $174,589.3 Crore, 52-week High $5035 and low $2393, reflecting volatility in the airline industry.
As of October 26, 2024, analysts remain divided on the company’s prospects. Of the 20 analysts covering Interglobe Aviation, 2 have a Strong Sell rating, 2 have a Hold rating, and 16 are positive on the outlook, with 8 recommending “Buy” and 8 other analysts recommend “Strong Buy”.
The consensus recommendation as of October 26, 2024 is “Buy,” indicating that some analysts remain optimistic about the economic recovery despite the current quarterly losses.
Interglobe Aviation Finance
| period | Q2 | Q1 | month-on-month growth | Q2 | year-on-year growth |
|---|---|---|---|---|---|
| total revenue | 16969.6 | 19570.7 | -13.29% | 14943.88 | +13.56% |
| Total Selling/General/Administrative Expenses | 1849.4 | 1757.2 | +5.25% | 1521.74 | +21.53% |
| Depreciation/Amortization | 2087.5 | 1875.8 | +11.29% | 1548.97 | +34.77% |
| total operating expenses | 17185.4 | 16229.8 | +5.89% | 13675.44 | +25.67% |
| operating income | -215.8 | 3340.9 | -106.46% | 1268.44 | -117.01% |
| net income before tax | -907.1 | 2804 | -132.35% | 189.1 | -579.7% |
| net income | -986.7 | 2728.8 | -136.16% | 188.93 | -622.26% |
| Diluted normalized earnings per share | -25.55 | 70.57 | -136.21% | 4.89 | -622.49% |
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