IndiGo Q4 earnings preview: With more passengers, InterGlobe Aviation Ltd. (IndiGo) is expected to achieve a robust year-over-year (YoY) increase in top and bottom-line growth. An annual expansion of margins is observed. Numbers in a sequential fashion are probably weak.
Emkay Global predicted that net profit for the March quarter would increase by 110.90% year over year (YoY) to Rs 1,932.30 crore from Rs 916 crore in the corresponding period of the previous year. Revenues are expected to increase 25.4% year over year to Rs 17,756 crore from Rs 14,160 crore. EBITDA is expected to rise 68.4% YoY to Rs 4,203 crore, with a margin that expanded by 605 basis points to 23.7% from 17.6% YoY.
“Emkay predicts that ASK may increase by 13 percent year-over-year or decrease by 6 percent quarter-over-quarter to reach 34.4 billion. They anticipate PLF to be around 88 percent, with a yield of Rs 5.1, up by 5 percent year-over-year but down by 7 percent quarter-over-quarter. Emkay also forecasts RPBT/ASK to rise by 87 percent year-over-year to Re 0.56.”
According to Prabhudas Lilladher, IndiGo’s earnings increased by 57% year over year to Rs 1,443 crore, while revenues increased by 18.7% to Rs 16,810 crore. The margin is reported at 23%.
We predict that IndiGo will announce sales of Rs 16,800 crore, up 18.7% year over year, with a load factor of 88.5 percent and a yield of Rs 5. Except for currency adjustments, we anticipate a RASK of Rs 4.9 and a gross spread (RASK less fuel CASK) of Rs 3.2 for the quarter, according to the statement from Ebitdar.
A profit of Rs 2,061 crore is anticipated by Elara Securities. At Rs 16,994 crore, revenues are expected to increase 20% year over year. In Q4FY24E, PLF will be 87.2 percent, up from 84.2 percent in Q4FY23. This brokerage anticipates a 3% YoY and a 2% QoQ increase in passenger traffic. -IndiGo Q4 earnings preview
Kotak Institutional Equities anticipates a YoY rise in passenger count of 16 percent for the quarter, mostly due to an increase in load factor of 87 percent.
“Compared to Re 0.07 per ASK in 4QFY23, we anticipate RASK less CASK (excluding other revenue and forex) at Re 0.12 per ASK. If not for the higher damp lease cost, which builds in a strong price environment, the gap would have been greater,” the statement stated.
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