IANSHINDI has hold call on with a target price of Rs 1860. The current market price of InterGlobe Aviation is Rs 1936.05 .
InterGlobe Aviation, incorporated in the year 2004, is a Large Cap company (having a market cap of Rs 74492.85 Crore) operating in Airlines sector.
Financials
For the quarter ended 30-09-2022, the company has reported a Consolidated Total Income of Rs 12852.29 Crore, down -1.28 % from last quarter Total Income of Rs 13018.81 Crore and up 121.64 % from last year same quarter Total Income of Rs 5798.73 Crore. Company has reported net profit after tax of Rs -1583.33 Crore in latest quarter.
The company’s top management includes Ms.Pallavi Shardul Shroff, Mr.Ronojoy Dutta, Dr.Venkataramani Sumantran, Mr.Meleveetil Damodaran, Air Cmdr. (Retd.)Birender Singh Dhanoa, Mr.Rahul Bhatia, Mr.Vikram Singh Mehta, Mr.Anil Parashar, Mr.Gregg Albert Saretsky. Company has S R & Co. LLP as its auditors. As on 31-03-2022, the company has a total of 39 Crore shares outstanding.
Investment Rationale
The brokerage has upgraded its rating on the stock to Hold as it expects that with the onset of the festive season, sharper recent demand comeback, relatively stable crude/INR, the aviation sector will perform much better than its recent past possibly delivering positive PAT numbers for the coming quarters.
"Indigo’s ability to maintain market share and run glitch-free superior operations in the face of stiff competition from TATA group will be the key determinant for a sustainable sharp rally," pointed the brokerage.
Promoter/FII Holdings
Promoters held 74.77 per cent stake in the company as of 31-Mar-2022, while FIIs owned 19.17 per cent, DIIs 4.01 per cent.
InterGlobe Aviation, incorporated in the year 2004, is a Large Cap company (having a market cap of Rs 74492.85 Crore) operating in Airlines sector.
Financials
For the quarter ended 30-09-2022, the company has reported a Consolidated Total Income of Rs 12852.29 Crore, down -1.28 % from last quarter Total Income of Rs 13018.81 Crore and up 121.64 % from last year same quarter Total Income of Rs 5798.73 Crore. Company has reported net profit after tax of Rs -1583.33 Crore in latest quarter.
The company’s top management includes Ms.Pallavi Shardul Shroff, Mr.Ronojoy Dutta, Dr.Venkataramani Sumantran, Mr.Meleveetil Damodaran, Air Cmdr. (Retd.)Birender Singh Dhanoa, Mr.Rahul Bhatia, Mr.Vikram Singh Mehta, Mr.Anil Parashar, Mr.Gregg Albert Saretsky. Company has S R & Co. LLP as its auditors. As on 31-03-2022, the company has a total of 39 Crore shares outstanding.
Investment Rationale
The brokerage has upgraded its rating on the stock to Hold as it expects that with the onset of the festive season, sharper recent demand comeback, relatively stable crude/INR, the aviation sector will perform much better than its recent past possibly delivering positive PAT numbers for the coming quarters.
"Indigo’s ability to maintain market share and run glitch-free superior operations in the face of stiff competition from TATA group will be the key determinant for a sustainable sharp rally," pointed the brokerage.
Promoter/FII Holdings
Promoters held 74.77 per cent stake in the company as of 31-Mar-2022, while FIIs owned 19.17 per cent, DIIs 4.01 per cent.
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