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Interglobe Aviation's Q2FY24 Financial Performance Review

Nov 3, 2023

By: BlinkX Research Team

In this financial performance review, we delve into the results of Interglobe Aviation for the Q2FY24 and analyze key metrics, including revenue, expenses, net profit, and margin.

REVENUE:
Interglobe Aviation reported a total income of ₹15,502 crores inQ2FY24. This represents a YoY growth of 20.62% compared to the same quarter in the previous year. However, there was a noticeable QoQ decrease of -9.66% compared to the preceding quarter when the company reported a revenue of ₹17,160 crores.

EXPENSES: 
The company recorded expenses amounting to ₹15,313 crores in Q2FY24, reflecting a 6.08% YoY increase. Sequentially, Interglobe Aviation incurred expenses of ₹14,070 crores, indicating an 8.83% increase.

NET PROFIT: 
Interglobe Aviation reported a net profit of ₹188 crores in Q2FY24. This shows a significant YoY growth of 111.88% compared to the same quarter in the previous year, Q2FY23. However, there was a substantial QoQ decrease of -93.92% compared to the preceding quarter.

MARGINS: 
Interglobe Aviation's margin in Q2FY24 was 1.21%, marking a significant recovery from the margin of -12.32% in the same quarter of the previous year. This substantial margin improvement is a notable positive aspect of the company's financial performance.

In conclusion, Interglobe Aviation's financial performance in the second quarter of fiscal year 2024 exhibits impressive revenue growth, controlled expense management, and a notable recovery in net profit and margins. The company's ability to adapt to the challenges of the aviation industry and maintain profitability is commendable.

Stay tuned for more updates on upcoming financial performances.