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interglobe Aviation share price fell 7 percent in early trade on October 29 a day after the company reported its September quarter earnings. Interglobe Aviation posted net loss of Rs crore in Q2FY22 against loss of Rs crore in the time ago period Profit of the company was at Rs crore against Rs crore, YoY Earnings before interest, levies, deprecation, amortization, and restructuring or rent costs (EBITDAR) was down16.6 at Rs340.8 crore and periphery was at6.1 percent Catch all the request action on our live blog Then’s what brokerages have to say about the stock and the company post September quarter earnings
Credit Suisse
The exploration house has given the stock an outperform standing on the reverse of fort positioning and structural cash overflows. It has kept the target price at Rs per share.
Goldman Sachs
Goldman Sachs has maintained neutral standing on the stock with a target at Rs. The Q2 results surprised appreciatively on yields and advanced costs neutralize the bulk of that with net results were astronomically in- line The broking establishment sees significant enhancement ahead and risk- price is fairly balance.
Prabhudas Lilladher
Brokerage house believe IndiGo continues to remain better placed than its peers and is likely to crop stronger post Covid given 1) superior balance distance (Rs 63 bn free cash) with option to further strengthen by Rs 30 bn via QIP 2) assiduity leading cost structure and 3) strong operation platoon Value the stock at 9x Sep23adj. EV/ EBITDAR and arrive at a target price of Rs ( before).
Motilal Oswal
Despite near term challenges, Indigo will crop from the epidemic stronger than ahead, with colorfulpre-emptive way formerly accepted. Threat to our call could be a sharp reversal in the domestic passenger request demand and sustainability of yields at current situations We maintain our neutral standing owing to limited upside in the stock.
At 0918 hrs Interglobe Aviation was quoting at Rs, down Rs84.35, or4.22 percent on the BSE.
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