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Pricing woes unlikely to continue much beyond Q2FY24 for lnterGlobe Aviation
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InterGlobe Aviation (INDIGO)
- Pricing woes unlikely to continue much beyond Q2FY24.
- We highlight the improving trajectory of forward prices, reflecting the case of airlines passing on the cost increase.
- The rates 10 weeks in advance are higher than current rates and up 20% yoy.
- P&W (Pratt & Whitney) woes are now likely to impact profitability over FY2024-26, a transitory issue.
- We expect earnings per share (EPS) of Rs185.7 in FY24E and Rs179.7 in FY25E.
Note: The above is a brief note on the company, based on the inputs of the KIE research report dated 25th September 2023, which is available on their website at:
https://www.kotaksecurities.com/ksweb/ResearchCalVFundamental.
Disclaimer: http://bit.ly/2n5Ax1E
https://www.kotaksecurities.oom/ksweb/research/kotak-research-reports/top-weekly-picks
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Lakshit Financial is Authorized Person of Kotak Securities Limited in cash segments of BSE & NSE and NSE F&O segments with NSE. Lakshit Financial registration number: BSE CASH AP0106730124228 | NSE CASH AP029177621 | NSE F&O AP029177621. Lakshit Financial Registered Office: ASM 7, Ashwin Sector, Mumbai Agra Highway, CIDCO, Nasik 422009, Maharashtra, India. Kotak Securities Limited. Registered Office: 27 BKC, C 27, G Block, Bandra Kurla Complex, Bandra (E), Mumbai 400051. CIN: U99999MH1994PLC134051. Correspondence Address: Infinity IT Park, Bldg. No 21, Opp. Film City Road, A K Vaidya Marg, Malad (East), Mumbai 400097. SEBI Registration No. INZ000200137 (Member of NSE, BSE, MSE, MCX & NCDEX). Member Id: NSE-08081; BSE-673; MSE-1024; MCX-56285; NCDEX-1262. AMFI ARN 0164, PMS INP000000258 and Research Analyst INH000000586. NSDL/CDSL: IN-DP-NSDL-23-97.
Disclaimer: Investment in securities market are subject to market risks, read all the related documents carefully before investing. Please refer the Risk Disclosure Document issued by SEBI and go through the Rights and Obligations and Do's and Dont's issued by Stock Exchanges and Depositories before trading on the Stock Exchanges.
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