Pricing woes unlikely to continue much beyond Q2FY24 for lnterGlobe Aviation
9 October 2023
OPEN
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
Looking to invest in INTERGLOBE AVIATION and other Indian stocks? Open your NRI Demat & Trading Account with Lakshit Financial
Lakshit Financial 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.Registered Office: Lakshit Financial, 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. 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 .
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 .
NRI Product Page
DID YOU KNOW? As an NRI/OCI, you can invest in IPOs, Mutual Funds and purchase Shares, ETFs or convertible debentures of an Indian company through stock exchanges. All it takes is linking your NRO or NRE account to an active NRI Demat account in India on a repatriable or non-repatriable basis, based on your requirements. Click here to learn more about NRI 3-IN-1 Account
OPEN YOUR NRI ACCOUNT NOW!
Fill in your details and we will get in touch with you .
Contact Us
Products and services available only for
Non Resident Indian (NRI) / Overseas Citizen of India (OCI)
Note: Please note that by submitting the above mentioned details, you are authorising Lakshit Financial to call you and send promotional communication even though you may be registered under DNC.
*The above process does not apply to US/Canada clients.
Home First Finance (HOMEFIRST) Home First remains consistent on operational and financial parameters. Home First (HFFC) reported 24% earnings growth, with 19% net interest income growth in Q2FY25. Gross stage-3 ratio was flat qoq at 1.7%, stage-2 ratio declined 6 bps qoq to 1.1%. While other asset classes have reported mixed trends residential home loans, as an asset class, continues to stand tall. Home First, with 85% home loan exposure, is well-placed on the above. We expect the company to deliver 25% earnings CAGR for FY25-27E. We remain assertive with a BUY rating and FV of Rs1,360 (no change). Note: The above is a brief note on the company, based on the inputs of KIEresearch report dated 25111Oct, 2024, which is available onour website at: https://www.kotaksecurities.com/ksweb/ResearchCall/Fundamenta1. Disclaimer: http://bit.ly/2n5Ax1E https://www.kotaksecurities.oom/ksweb/research/kotak-research-reports/top-weekly-picks
