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News Topical, Digital Desk : InterGlobe Aviation, a part of BSE 100, has presented its first quarter results. The company operates the airline Indigo. According to the information given, the company's profit has fallen by 20 percent compared to last year. At the same time, there has been a 5 percent increase in income on a year-on-year basis. There has been a slight increase in EBITDA.
How were the quarterly results?
The airline has informed that its profit has fallen by more than 20 percent compared to last year and has come down from Rs 2728 crore to Rs 2176 crore on year-on-year basis. This profit figure has been less than the estimate. During this period, the income has increased by 4.7 percent and has increased from Rs 19571 crore to Rs 20496 crore compared to last year. This figure has been slightly less than the estimate. An income of Rs 21,150 crore was estimated in the poll. EBITDA has increased from Rs 5158 crore to Rs 5226 crore compared to last year. However, the market had estimated an EBITDA of Rs 5455 crore. Margins have been at 25.5 percent. Which was at the level of 26.4 percent a year ago. The estimate in the poll was 25.7 percent.
How was the stock performance? The stock of InterGlobe Aviation closed at 5721 on BSE with a decline of 0.6 percent. During trading, the stock fell to the level of 5701. The stock had reached a new high of 6019 this month.
Read More: Q1 Results: Company's earnings jump by Rs 4,670 crore but stock falls by more than 7%
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