InterGlobe Aviation gains after good Q1 earnings

InterGlobe Aviation rose 1.43% to Rs 1,309.15 at 10:59 IST on BSE after net profit rose 37.07% to Rs 811.15 crore on 25.64% rise in net sales to Rs 5752.91 crore in Q1 June 2017 over Q1 June 2016.

The result was announced after market hours yesterday, 31 July 2017.

Meanwhile, the S&P BSE Sensex was down 7.41 points, or 0.02% to 32,507.53.

On the BSE, 1.56 lakh shares were traded in the counter so far, compared with average daily volumes of 52,222 shares in the past one quarter. The stock had hit a high of Rs 1,334 so far during the day, which is also a 52-week high for the counter. The stock had hit a low of Rs 1,270 so far during the day. The stock hit a 52-week low of Rs 790 on 11 August 2016.

The stock had outperformed the market over the past one month till 31 July 2017, rising 10.80% compared with 5.15% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 14.75% as against Sensex's 8.67% rise. The scrip had also outperformed the market in past one year, rising 32.53% as against Sensex's 16.11% rise.

The large-cap low-cost airliner has equity capital of Rs 361.68 crore. Face value per share is Rs 10.

InterGlobe Aviation said it reported the highest quarterly profit ever. The company's EBITDAR (earnings before finance income and cost, tax, depreciation, amortization and aircraft and engine rentals) rose 26.3% to Rs 19618 crore in Q1 June 2017 over Q1 June 2016.

The airline has a fleet of 135 planes including 22 A32neos and operates about 937 daily flights.

IndiGo said it has a cash balance of about Rs 10185 crore and free cash of about Rs 5189 crore. It had an aircraft debt of about Rs 2524 crore.

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