Turnaround Story: Multibagger airline company transforms net loss to net profit with stellar Q4 results!

The stock provided multibagger returns of 150 per cent in just 3 years whereas BSE Sensex is up by 90 per cent.

Interglobe Aviation Ltd (Indigo), India's largest leading passenger airline operating as a low-cost carrier, announced its quarterly and annual results for the year ended March 31, 2023. Details are as follows:

Quarterly Results: The net sales increased by 76.55 per cent with an EPS of Rs 23.84 in Q4FY23 compared to Q4FY22. The net profit increased to Rs 919.20 crore in Q4FY23, up by 155 per cent from a net loss of Rs 1,681.80 crore in Q4FY22. Capacity increased by 49.2 per cent to 3040 crore.

Annual Results: The net sales increased by 109.97 per cent with an EPS of Rs 25 in FY23 compared to FY22. The company reported a net loss of Rs 305.09 crore in FY23, down from a net loss of Rs 6,161.85 crore in FY22. Capacity increased by 62.5 per cent to 11,400 crore.

Interglobe Aviation has a market share of 57.5 per cent in April compared to 56.80 per cent in March. 

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The company has a market cap of over 85,000 crore, with the maximum stake owned by the promoters of the company (67.86 per cent).

On Friday, shares of InterGlobe Aviation Ltd zoomed 1.90 per cent to an intraday high of Rs 2,308 per share with a spurt in volume by more than 2 times on BSE.

The stock provided multibagger returns of 150 per cent in just 3 years whereas BSE Sensex is up by 90 per cent. Investors should keep an eye on this large-cap airline stock under the radar.