InterGlobe Aviation, which functions the airline IndiGo, is likely to report a net loss for the September quarter as rupee depreciation and rising crude prices could weigh on its financials, analysts have said.
Analysts report the net loss for the September quarter to be at Rs 466.3 crore against Rs 551.5-crore profit posted by the firm during the same quarter of last year. It is likely to expect to get widen to Rs 651.8 crore.
Meanwhile, one of the experts estimates a profit of Rs 149.3 crore for the quarter under review. It expects the airline to report a revenue of Rs 7,100 crore. While another expert expects to be Rs 6,479-6,280 crore.
Also, it has expected 30% YoY growth in passenger volumes and 4% YoY fall in average ticket price to drive overall YoY revenue growth of 22%.
It has also taken in a note that of higher maintenance costs, driven by newer ATR ramp-up and A320 grounding issues.
Key issues to focus :
-Induction of new aircraft in the fleet
-Fuel costs and their effect on yields
Get The Latest Stock Updates, Equity Tips, Share Market Tips, Stock Market Tips, Intraday Tips @ Investelite Research