| Management target | Revenue 25.0% FY27 |
|---|
| Revenue growth | 19% YoY growth supported by disciplined pricing and 21% yield increase. |
|---|---|
| Margins | Margins compressed significantly (15.6% vs 28%) due to massive fuel inflation. |
| Order book | MOU signed for 1,000+ Leap-1A engines; fleet reached 432 aircraft. |
| Demand visibility | Strong domestic demand; record 10 million passengers carried in May. |
| Management confidence | Balanced, emphasizing long-term structural growth despite severe near-term cost headwinds. |
Growth
Revenue grew 19% YoY driven by 21% yield growth, but load factors dipped 1.3 points due to Middle East disruptions.
Outlook
Capacity growth guided to flat for Q2 FY27, with yield growth exceeding 25% to offset high costs.
Risks
Extreme fuel price volatility and Middle East airspace constraints threaten short-term profitability and capacity deployment.
Last quarter's promises, checked
Delivered
- Guided Q1FY27 capacity +3-4% → delivered ~1% ASK growth (= PARTIAL)
- Guided mid-teens unit revenue growth → delivered 21% yield growth (= BEAT)
- Guided fleet ownership increase → delivered 36 unencumbered aircraft (= BEAT)
Partly delivered
- Guided Middle East capacity recovery → delivered 90% pre-crisis levels (= PARTIAL)
Missed
- Guided Q1FY27 net profit → delivered 2 billion INR loss (= MISS)
- Guided margin protection via yields → delivered margin compression 15.6% vs 28% (= MISS)
- Guided fuel cost calibration → delivered 80% fuel surge outpaced revenue (= MISS)
Earnings Call Transcript filed with BSE, NSE: INDIGO. Summary written with AI assistance from the document.
InterGlobe Aviation Ltd: key numbers
- Share price
- ₹5,665.00
- Market cap
- ₹2,19,047 Cr
- Revenue (annual)
- ₹84,962 Cr
- Net profit (annual)
- ₹-2,392 Cr
- P/E (TTM)
- -53.4×Sector 32.3×
- Promoter holding
- 41.57%+0.00% QoQ
- FII holding
- 19.90%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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- Key figure
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