Indigo bounces back

about 2 years ago
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For the fourth straight quarter, Indigo posted a net loss for Q3FY21 at Rs.626 crore, lower than Rs.1195 crore loss in Q2FY21. YoY, last Q3, it had posted a net profit at Rs.490 crore.

Its total revenue declined 50% (YoY) at Rs.5143 crore. EBITDA was at Rs.987 crore, down 50% while margins rose from 19.7% to 20.1%. What really helped was the 415 decline in total expenses.

Its load factor was down from 87.6% to 72% and yield slipped from Rs.3.88/kilometer to Rs.3.70/kilometer.

Its total debt as at 31st Dec’20 stood at Rs.27,726 crore while cash was at Rs.18,365 crore.

The stock opened in almost 2% lower at Rs.1560 and from there bounced back to hit an intraday high at Rs.1617.85 and is currently trading 1.5% in the green.

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