2 weeks Ago
Interglobe Aviation Q2 Results Live : Interglobe Aviation announced its Q2 results on October 25, 2024, reporting a significant loss of ₹ 986.7 crore. Despite the financial setback, the company's revenue rose by 13.
56% compared to the same period last year. In the previous fiscal year, Interglobe Aviation had posted a profit of ₹ 188.93 crore for the same quarter.
This stark contrast highlights the challenges the airline is currently facing, particularly as revenue declined by 13.29% compared to the previous quarter. The company's selling, general, and administrative expenses surged by 5.
25% quarter-on-quarter and increased by 21.53% year-on-year, indicating rising operational costs that are impacting profitability. Operating income plummeted dramatically, down 106.
46% quarter-on-quarter and 117.01% year-on-year. This decline is reflected in the earnings per share (EPS), which stood at ₹ -25.
55 for Q2, a staggering decrease of 622.49% year-on-year. Despite these challenges, Interglobe Aviation's market performance has shown some resilience.
The company delivered a -2.25% return in the last week, but posted an 18.55% return over the past six months and an impressive 52.
33% year-to-date return. Currently, Interglobe Aviation boasts a market capitalization of ₹ 174,589.3 crore, with a 52-week high of ₹ 5035 and a low of ₹ 2393, reflecting the volatility in the airline sector.
As of October 26, 2024, analysts remain divided on the company's outlook. Of the 20 analysts covering Interglobe Aviation, 2 have given a 'Strong Sell' rating, 2 have rated it as 'Hold', while 16 analysts have a positive outlook, with 8 recommending 'Buy' and another 8 suggesting 'Strong Buy'. The consensus recommendation as of October 26, 2024, is to 'Buy', indicating a potential recovery and optimism among some analysts despite the current quarterly losses.
Interglobe Aviation Financials.
