Interglobe Aviation Q2 results: loss at ₹986.7Cr, Revenue increased by 13.56% YoY

Interglobe Aviation Q2 Results Live : Interglobe Aviation announced its Q2 results on October 25, 2024, reporting a significant loss of ₹986.7 crore. Despite the financial setback, the company's revenue rose by 13.56% compared to the same period last year.

In the previous fiscal year, Interglobe Aviation had posted a profit of ₹188.93 crore for the same quarter. This stark contrast highlights the challenges the airline is currently facing, particularly as revenue declined by 13.29% compared to the previous quarter.

The company's selling, general, and administrative expenses surged by 5.25% quarter-on-quarter and increased by 21.53% year-on-year, indicating rising operational costs that are impacting profitability.

Operating income plummeted dramatically, down 106.46% quarter-on-quarter and 117.01% year-on-year. This decline is reflected in the earnings per share (EPS), which stood at ₹-25.55 for Q2, a staggering decrease of 622.49% year-on-year.

Despite these challenges, Interglobe Aviation's market performance has shown some resilience. The company delivered a -2.25% return in the last week, but posted an 18.55% return over the past six months and an impressive 52.33% year-to-date return.

Currently, Interglobe Aviation boasts a market capitalization of ₹174,589.3 crore, with a 52-week high of ₹5035 and a low of ₹2393, reflecting the volatility in the airline sector.

As of October 26, 2024, analysts remain divided on the company's outlook. Of the 20 analysts covering Interglobe Aviation, 2 have given a 'Strong Sell' rating, 2 have rated it as 'Hold', while 16 analysts have a positive outlook, with 8 recommending 'Buy' and another 8 suggesting 'Strong Buy'.

The consensus recommendation as of October 26, 2024, is to 'Buy', indicating a potential recovery and optimism among some analysts despite the current quarterly losses.