InterGlobe Aviation Q4 Review - Recovery Delayed: Centrum Broking
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Centrum Broking Report
InterGlobe Aviation Ltd.’s net loss of Rs 11.6 billion in Q4 FY21 was above our net loss estimate of Rs 7.4 billion due to lower ticket yield and higher fuel cost and forex mark-to-market loss.
Available seat kilometer/revenue passenger kilometer declined 16.7%/29.4% YoY to 19.2 billion/13.5 billion with load factor at 70.2%.
Revenue per available seat-kilometer declined 10.6% YoY to Rs 3.26.
Unit fuel cost declined 19.8% YoY to Rs 1.0 aided by lower aviation turbine fuel costs and improved fleet mix.
Ebitda and restructuring/rent costs stood at Rs 6.5 billion and was below our estimate of Rs 9.2 billion.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.