Tuesday, August 11, 2020

Stock to Watch Today | Interglobe Aviation Limited ( INDIGO ) | CMP : 939 | Latest INDIGO News



1) Interglobe Aviation Limited   (INDIGO )

CMP 939.65

Sector - Airline


Recent News in INDIGO

==> InterGlobe Aviation Ltd, the operator of India's largest domestic carrier IndiGo, said on August 10 that it will raise up to Rs 4,000 crore ($533.70 million) through qualified institutional placement.

==> Private equity firm Westbridge may purchase a stake in IndiGo operator InterGlobe Aviation (IGA).


INDIGO PROFILE

==> Interglobe Aviation Limited is engaged in the provision of passenger services. The Company is engaged in the business of providing domestic and international scheduled air transport services under the name of IndiGo. 

==> The Company's segments include Domestic, which provides air transportation within India, and International, which provides air transportation outside India. The Company operates on a low-cost carrier (LCC) business model.


INDIGO Daily Price Chart

INDIGO, www.finvestonline.com

After long downtrend due to global pandemic it seems after bottom up the stock consolidated and started moving in upward direction.


INDIGO Recent Financial Summary

==> For the three months ended 30 June 2020, Interglobe Aviation Ltd revenues decreased 92% to RS7.67B. Net loss totaled RS28.44B vs. income of RS12.03B. Revenues reflect Load Factor - Total - % decrease of 31% to 61.3%. 

==> Net loss reflects EBITDAR - Total decrease of 49% to RS14.21B, Depreciation and amortisation expenses increase of 22% to RS10.97B (expense), Foreign exchange (gain)/ loss (net) decrease from RS446M (income) to RS758.8M (expense).

INDIGO Recent Income Statement



INDIGO, www.finvestonline.com


Total sales of INDIGO in Jun 2020  decreased drastically due global pandemic of COVID-19.

INDIGO Recent Balance Sheet

INDIGO, www.finvestonline.com

Reserve & Surplus  of INDIGO decreasing from the 3 years continuously.






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