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IndiGo to report June quarter result today; here's what analysts expect

Analysts at Centrum Broking estimate the airline to clock a net loss of Rs 2,672.6 crore driven by low traffic volume, low fleet utilisation and poor coverage of fixed costs

During the quarter under review, the stock has tanked 7.4 per cent,  as against a 18.4 per cent gain in the benchmark S&P BSE Sensex, ACE Equity data shows.
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During the quarter under review, the stock has tanked 7.4 per cent, as against a 18.4 per cent gain in the benchmark S&P BSE Sensex, ACE Equity data shows.

Nikita Vashisht New Delhi
As InterGlobe Avition-owned IndiGo burns its pocket with lease and rental payments for over 260 aircraft fleet amid calibrated operations, thanks to suspended air travelling amid Covid-19 outbreak, analysts would watch out the budget carrier’s cash flows in the April-June quarter of FY21 (Q1FY21) and further fund-raising plans. The airline is scheduled to report its Q1FY21 earnings on Wednesday, July 29.

During the corresponding quarter of the previous fiscal (Q1FY20), the Gurugram-based airline logged a net profit of Rs 1,203 crore, which turned into a net loss of Rs 871 crore by Q4FY20 amid Covid-19 outbreak. Besides, the airline’s EBITDAR

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First Published: Jul 28 2020 | 1:51 PM IST

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