Indigo: PAT plunges 75 per cent in Q3
InterGlobe Aviation (Indigo) reported a weak set of numbers for Q3FY19. The company's standalone revenue for the quarter came in at Rs. 7,916.2 crore as against Rs. 6,177.9 crore in the corresponding quarter last year, registering 28.1 per cent yoy increase.
The EBITDAR for the quarter fell by 16% yoy to Rs. 1681.4 crore as against Rs. 2001.9 crore in the corresponding quarter last year, with a corresponding margin contraction of 1120 bps. EBITDAR margin for the quarter stood at 21.2%
The PAT for the quarter came in at Rs. 190.8 crore as against Rs. 762.2 crore in the corresponding quarter last year, yoy decline of 75 per cent. Profitability was majorly impacted by the adverse impact of high fuel prices and rupee depreciation. Excluding currency depreciation, CASK ex-fuel reduced by 0.4% in the quarter.
On Wednesday, the Indigo stock opened at Rs. 1120 per share and touched high/low of 1126/1095 per share.