New Delhi: IndiGo shares have turned out to be a Multibagger in the last 1 year. The airline stock. The Interglobe Aviation Ltd (parent company of IndiGo) share price jumped around 48 per cent in the last six months and over 90 per cent in the last 1 year.
IndiGo shares were in positive territory last week as the airline witnessed its scrip jumping over 9 per cent. The stock settled at Rs 4,718 on August 23, 2024.
IndiGo is the market leader in India’s aviation industry. IndiGo is the largest airline in terms of fleet size and market share in the domestic aviation market. In May 2024, the airline’s market share stood at 61.6 per cent. The airline carried 85.04 lakh passengers in the month.
As of 30th June 2024, IndiGo’s fleet strength stood at 382 aircraft including 38 A320 CEOs, 196 A320 NEOs, 98 A321 NEOs, 45 ATRs, 3 A321 freighters and 2 B777 (damp lease). The airline operated at a peak of 2,029 daily flights during the first quarter of 2024-25 including non-scheduled flights. The airline provided scheduled services to 88 domestic destinations and 30 international destinations.
“As of 30th June 2024, IndiGo had a total cash balance of Rs 361,006 million comprising INR 220,876 million of free cash and INR 140,130 million of restricted. The capitalised operating lease liability was Rs 449,567. The total debt (including the capitalized operating lease liability) was Rs 525,264 million,” a release from the airline mentioned.
IndiGo Q1 2024-25 Results
In its Q1 2024-25 Results, IndiGo said its capacity by 1 per cent to 36.3 billion, while the passengers increased by 6.2% to 8 million.
The airline stated that its revenue from operations jumped by 3 per cent to Rs 195,707 million. Fuel CASK increased by 10.5 per cent to Rs 77; CASK ex fuel increased by 1 per cent to Rs 2.86, it stated in its financials.
IndiGo’s EBITDAR for the quarter ending June 2024 was reported at Rs 58,111 million, as compared to EBITDAR of Rs 52,108 million in the same quarter of the previous financial year. Excluding foreign exchange loss, profit amounted to Rs 27,863 million compared to profit of Rs 29,745 million, it stated. The Net profit stood at Rs 27,288 million, compared to net profit Rs 30,906 million in June quarter of 2023-24.
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IndiGo share price: The share price of Interglobe Aviation Ltd, the parent company of India’s largest airline, jumped around 9 per cent in the last one year. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
