- IndiGo’s net income for the fourth quarter was 18.9 billion rupees, which was more than twice the figure from the previous year (9.16 billion rupees).
- The airline’s net income far exceeded estimates of 11.99 billion rupees.
- IndiGo’s revenue for the quarter was 178.3 billion rupees, marking a 26% increase on a year-over-year basis.
- The revenue also surpassed estimates that were projected at 166.5 billion rupees.
- According to analyst recommendations, IndiGo currently has 16 buys, 4 holds, and 2 sells.
- All the quarterly comparisons are made based on values reported directly by IndiGo from its original disclosures.
InterGlobe Aviation Ltd on Smartkarma
Analyst coverage on InterGlobe Aviation Ltd by Smartkarma reveals contrasting sentiments from top independent analysts. Sumeet Singh’s research highlights the upcoming release of co-founder Rakesh Gangwal’s significant stake, totaling over US$3bn, from lock-up. Gangwal’s previous sell-offs and intentions to further divest are discussed in the note, shedding light on the lockup dynamics and potential subsequent actions.
On the other hand, Mohshin Aziz‘s analysis adopts a bearish stance, emphasizing concerns about major engine issues impacting InterGlobe Aviation’s capacity deployment in FY2025. Despite forecasting record profitability for FY2024, uncertainties surrounding the engine problems and the expensive valuations vis-a-vis global LCCs lead to a target price of INR2,513 with a 14% downside, raising caution about the current share price levels. These insights provide investors with a comprehensive view of the opportunities and risks associated with investing in InterGlobe Aviation Ltd.
A look at InterGlobe Aviation Ltd Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 0 | |
| Dividend | 1 | |
| Growth | 4 | |
| Resilience | 5 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
InterGlobe Aviation Ltd, a company providing passenger airline services globally, has a positive long-term outlook based on its Smartkarma Smart Scores assessment. With strong scores in Growth, Resilience, and Momentum, the company is positioned for sustainable expansion and performance in the future. A high Growth score indicates potential for robust development, while top scores in Resilience and Momentum signify the company’s ability to withstand challenges and maintain a positive trajectory.
Although InterGlobe Aviation Ltd has a lower score in the Value factor and minimal Dividend score, its overall outlook remains favorable due to the significant strengths in Growth, Resilience, and Momentum. Investors looking for a company with strong growth potential and stability in the face of market fluctuations may find InterGlobe Aviation Ltd to be an attractive long-term investment option.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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