 "Analysts see 24% upside in IndiGo; suggest tracking costs, airfare cap")
At Rs 919 crore, InterGlobe Aviation, the parent firm of low-cost airline IndiGo, posted its best-ever fourth quarterly net profit in the January-to-March quarter (Q4) of financial year 2022-23 (FY23).
The bottom-line, however, was lower than the Street’s expectations where estimates ranged from Rs 1,160 crore to Rs 2,180 crore.
On the bourses, shares of IndiGo have added just 30 paise (0.01 per cent) since the announcement of the Q4-FY23 results on May 18. By comparison, the benchmark S&P BSE Sensex has added 550 points (0.89 per cent) during the period.
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