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Motilal Oswal has neutral call on InterGlobe Aviation with a target price of Rs 1530. The current market price of InterGlobe Aviation Ltd. is Rs 1608.
InterGlobe Aviation Ltd., incorporated in the year 2004, is a Large Cap company (having a market cap of Rs 62041.92 Crore) operating in Airlines sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 5142.77 Crore, up 69.77 % from last quarter Total Income of Rs 3029.20 Crore and down -50.22 % from last year same quarter Total Income of Rs 10330.17 Crore. Company reported net profit after tax of Rs -620.14 Crore in latest quarter.
Investment Rationale
Currently, around one-third of total states in India have imposed further lockdowns/restrictions – but operations in the sector have not been curbed. The brokerage keeps assumptions unchanged for now, with estimates of traffic recovering to pre-COVID levels by end of 3QFY22E. It reiterates neutral stance on – with the possibility of further delays in the recovery to pre-COVID levels
Promoter/FII Holdings
Promoters held 74.9 per cent stake in the company as of Dec 30, 2020, while FIIs held 17.3 per cent, DIIs 5.6 per cent and public and others 2.2 per cent.
InterGlobe Aviation Ltd., incorporated in the year 2004, is a Large Cap company (having a market cap of Rs 62041.92 Crore) operating in Airlines sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 5142.77 Crore, up 69.77 % from last quarter Total Income of Rs 3029.20 Crore and down -50.22 % from last year same quarter Total Income of Rs 10330.17 Crore. Company reported net profit after tax of Rs -620.14 Crore in latest quarter.
Investment Rationale
Currently, around one-third of total states in India have imposed further lockdowns/restrictions – but operations in the sector have not been curbed. The brokerage keeps assumptions unchanged for now, with estimates of traffic recovering to pre-COVID levels by end of 3QFY22E. It reiterates neutral stance on – with the possibility of further delays in the recovery to pre-COVID levels
Promoter/FII Holdings
Promoters held 74.9 per cent stake in the company as of Dec 30, 2020, while FIIs held 17.3 per cent, DIIs 5.6 per cent and public and others 2.2 per cent.
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