Annonce • May 22
InterGlobe Aviation Limited to Report Q4, 2026 Results on May 29, 2026 InterGlobe Aviation Limited announced that they will report Q4, 2026 results at 4:00 PM, Indian Standard Time on May 29, 2026 Annonce • Apr 02
Interglobe Aviation Limited Announces CEO Changes InterGlobe Aviation Limited announced that aviation heavyweight William Walsh as chief executive officer, subject to regulatory approvals, marking a sharp pivot as the carrier eyes its next burst of expansion. Walsh, currently director general at the International Air Transport Association, will step down on July 31, 2026, and is expected to take charge by August 3, 2026. The appointment comes barely three weeks after Pieter Elbers exited the corner office, with Rahul Bhatia holding the fort in the interim. The choice signals intent. Walsh brings decades of cockpit-to-boardroom experience, having led British Airways and later International Airlines Group, the parent of Aer Lingus, Iberia and Vueling. His tenure across carriers has been defined by hard resets, restructurings and cross-border consolidation-skills IndiGo may need as competition intensifies and scale becomes decisive. Walsh, widely regarded as one of the industry's most influential figures, will oversee overall management and strategic direction, with a mandate spanning operational performance, network expansion, commercial strategy and customer experience. He is expected to work closely with the board and leadership team to sharpen IndiGo's growth trajectory. Annonce • Mar 14
Interglobe Aviation Limited Introduces Fuel Charge on Domestic and International Routes InterGlobe Aviation Limited introduced a fuel charge on domestic and international routes, effective 00:01hrs on 14th March, 2026. This measure is taken due to the significant surge in fuel prices following the ongoing geopolitical issues in the Middle East. IATA’s Jet Fuel Monitor indicates an 85+% increase in fuel prices for the region. Aviation Turbine Fuel represents a significant share of airlines’ operating cost. This sudden and steep increase will have a material impact on all airlines’ costs and network, including InterGlobe Aviation Limited. While offsetting the entire impact of this fuel price surge requires a very substantial adjustment to fares, InterGlobe Aviation Limited has introduced a relatively smaller amount as a Fuel Charge keeping in mind the consequential burden on customers. Starting 14th March 2026, 00:01 hrs, overall prices for all new bookings on InterGlobe Aviation Limited flights will include the following additional Fuel Charge, per sector. Routes Fuel Charge (in INR) Within Domestic India INR 425 Indian Subcontinent INR 425 Middle East INR 900 South East Asia and China INR 1,800 Africa and West Asia INR 1,800 Europe INR 2,300. InterGlobe Aviation Limited regrets the inconvenience resulting from this additional charge and reiterates that the measure has been driven by a sudden and substantial change in the operating environment. InterGlobe Aviation Limited will continue to monitor the situation and make relevant adjustments as and when appropriate. Annonce • Mar 11
InterGlobe Aviation Limited Announces Management Changes, Effective March 10, 2026 InterGlobe Aviation Limited at its board meeting held on March 10, 2026, took note of the resignation tendered by Mr. Pieter Elbers, Chief Executive Officer. He will be relieved from the service of the Company effective close of business hours on March 10, 2026. Mr. Rahul Bhatia, Managing Director, shall in the interim assume management of the affairs of the Company. Annonce • Feb 23
InterGlobe Aviation Limited Announces Executive Changes IndiGo has appointed Captain Rohit Rikhye as the new Head of Operations Control Centre (OCC), with immediate effect in place of Jason Herter, the first rejig at the airline's senior management level after the massive operational disruptions in December last year. He would report to Chief Operating Officer (COO) Isidre Porqueras. Rikhye, who has been with the airline for over 11 years, was serving as Chief Pilot -- Standards, QA & Ops Safety. Meanwhile, Herter is moving out of the airline. Rikhye would lead the OCC, which manages real-time coordination and oversight of flight operations, including flight planning, tracking, and dispatch, in compliance with regulatory requirements such as air traffic control rules and safety guidelines. He would also oversee crew scheduling and rostering. Reported Earnings • Jan 23
Third quarter 2026 earnings: EPS misses analyst expectations Third quarter 2026 results: EPS: ₹14.22 (down from ₹63.38 in 3Q 2025). Revenue: ₹234.7b (up 6.2% from 3Q 2025). Net income: ₹5.50b (down 78% from 3Q 2025). Profit margin: 2.3% (down from 11% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 67%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Airlines industry in Asia. Over the last 3 years on average, earnings per share has increased by 31% per year and the company’s share price has also increased by 31% per year. Annonce • Jan 15
InterGlobe Aviation Limited to Report Q3, 2026 Results on Jan 22, 2026 InterGlobe Aviation Limited announced that they will report Q3, 2026 results on Jan 22, 2026 Buy Or Sell Opportunity • Dec 24
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 10% to ₹5,079. The fair value is estimated to be ₹6,435, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 26% in 2 years. Earnings are forecast to grow by 80% in the next 2 years. Reported Earnings • Nov 05
Second quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2026 results: ₹66.79 loss per share (further deteriorated from ₹25.55 loss in 2Q 2025). Revenue: ₹196.0b (up 16% from 2Q 2025). Net loss: ₹25.8b (loss widened 162% from 2Q 2025). Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 4.8%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Airlines industry in Asia. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 49% per year, which means it is significantly lagging earnings growth. Annonce • Oct 28
InterGlobe Aviation Limited to Report Q2, 2026 Results on Nov 04, 2025 InterGlobe Aviation Limited announced that they will report Q2, 2026 results at 4:00 PM, Indian Standard Time on Nov 04, 2025 Annonce • Aug 27
IndiGo's Rakesh Gangwal Reportedly to Sell $801-Million Stake, Trim Holding to Under 5% IndiGo (InterGlobe Aviation Limited (NSEI:INDIGO)) co-founder and promoter Rakesh Gangwal plans to sell shares worth $801 million in the airline, according to a term sheet accessed by Mint. Goldman Sachs (India) Securities Pvt, Morgan Stanley India Co. and J.P. Morgan India Pvt are arranging the trade. Under the updated terms, Gangwal and his Chinkerpoo Family Trust will sell up to 12.1 million - or about 3.1% shares - in InterGlobe Aviation Ltd, which runs IndiGo. The offer price of INR 5,808 reflects a nearly 4% discount to the stock's closing price of INR 6,050 on August 26 on the National Stock Exchange (NSE). After this sale, Gangwal would own 4.71% of the company, while his co-promoter and current managing director of the airline, Rahul Bhatia, would own 35.73%. At the end of December 2021, Gangwal owned 36.6%, and Bhatia owned 37.8% in InterGlobe Aviation, giving the duo a collective 74.78% ownership. Gangwal has continuously pared his stake in the airline over the past few years, after a feud between him and Bhatia-the two co-founded the airline in 2006-was laid to rest. Annonce • Aug 20
InterGlobe Aviation Limited Approves Appointment of Mr. Michael Gordon as Independent Director InterGlobe Aviation Limited announced that at its AGM held on August 20, 2025, the shareholders approved the appointment of Mr. Michael Gordon as an independent director. Upcoming Dividend • Aug 06
Upcoming dividend of ₹10.00 per share Eligible shareholders must have bought the stock before 13 August 2025. Payment date: 19 September 2025. Payout ratio is a comfortable 5.3% and this is well supported by cash flows. Trailing yield: 0.2%. Lower than top quartile of Indian dividend payers (1.2%). Lower than average of industry peers (3.2%). New Risk • Aug 01
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.8x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.8x net interest cover). Minor Risk Large one-off items impacting financial results. Buy Or Sell Opportunity • Jul 31
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 11% to ₹5,909. The fair value is estimated to be ₹4,787, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 26% in 2 years. Earnings are forecast to grow by 41% in the next 2 years. Annonce • Jul 29
InterGlobe Aviation Limited announces Annual dividend, payable on September 19, 2025 InterGlobe Aviation Limited announced Annual dividend of INR 10.0000 per share payable on September 19, 2025, ex-date on August 13, 2025 and record date on August 13, 2025. Reported Earnings • Jul 29
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: ₹188 (down from ₹212 in FY 2024). Revenue: ₹808.0b (up 17% from FY 2024). Net income: ₹72.6b (down 11% from FY 2024). Profit margin: 9.0% (down from 12% in FY 2024). Available seat kilometres (ASK): 157.47b (up 13% from FY 2024). Passenger load factor: 86.0% (up from 85.9% in FY 2024). Total aircraft: 434 (up by 67 from FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.9%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Airlines industry in Asia. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth. Annonce • Jul 23
InterGlobe Aviation Limited to Report Q1, 2026 Results on Jul 30, 2025 InterGlobe Aviation Limited announced that they will report Q1, 2026 results at 4:00 PM, Indian Standard Time on Jul 30, 2025 Annonce • Jun 18
IndiGo Parent InterGlobe Denies Stake Sale Reports, Calls them ‘Speculative’ InterGlobe Enterprises (InterGlobe Enterprises Private Limited), the parent company of India’s largest airline IndiGo (InterGlobe Aviation Limited (NSEI:INDIGO)) on June 13, 2025, dismissed reports suggesting it is planning to sell a portion of its stake in the carrier as “speculative” and “without factual basis". “Reports in some sections of the media on a stake sale by InterGlobe Enterprises are speculative and have no factual basis,” the company said in a statement. “InterGlobe Enterprises is firmly committed to oversee IndiGo's long-term plans and currently, the airline's next phase of growth remains our primary focus.” The statement comes after media reports claimed that InterGlobe was considering offloading up to a 4% stake in IndiGo via block deals to raise as much as $1 billion. The speculation comes after significant stake sales by IndiGo co-founder Rakesh Gangwal. Annonce • Jun 13
InterGlobe Aviation Reportedly to See Another $1 Billion Block Deal Soon After a series of stake sales by Rakesh Gangwal, another major block deal appears to be taking shape in InterGlobe Aviation Limited (NSEI:INDIGO), parent company of India’s largest airline, IndiGo — and this time, the seller is likely to be Rahul Bhatia, the co-promoter and Managing Director of InterGlobe Enterprises Private Limited. Sources in the know have told CNBC-TV18 that InterGlobe Enterprise is preparing to offload up to 4% stake in InterGlobe Aviation, aiming to raise nearly $1 billion (INR 86,000 million) through this block deal. In case the deal fructifies, it will be the second sale by Bhatia in just over a year. InterGlobe Enterprises currently has a 35.7% stake in the airline and in case the transaction does take place, that number will come down to 32%. Board Change • Jun 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. Non-Independent Non Executive Director Meleveetil Damodaran was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annonce • May 27
Indigo Shares Reportedly to Be in Focus as Rakesh Gangwal is Likely to Sell Stake Worth INR 68,310 Million Via Block Deal InterGlobe Aviation Limited (NSEI:INDIGO) shares will be in focus on 27 May 2025, after reports emerged that the company promoter Rakesh Gangwal and his Family Trust are likely to sell their stake worth up to INR 68,310 million in the airline. The promoter and the Family Trust are likely to sell up to a 3.4% stake in the aviation giant IndiGo, the news agency PTI reported the development first. Goldman Sachs (India) Securities Pvt Ltd, Morgan Stanley India Company and JPMorgan India are the placement agents for the stake sale, as per the agency report. BSE data collected on 26 May 2025, showed that company promoter Rakesh Gangwal owns 5.3%, or 20,496,493 equity shares in IndiGo. The Chinkerpoo Family Trust, which is run by Shobha Gangwal & J.P. Morgan Trust Company of Delaware, owns 8.23%. This makes the total holding of Rakesh Gangwal and his family Trust nearly 13.5%. As per the reports, the stake sale is expected to be executed on 27 May 2025, where up to 13.2 million equity shares will be sold at a floor price of INR 5,175 per share, and the transaction is to be carried out in multiple tranches. InterGlobe Aviation (Indigo) shares closed 1.78% lower at INR 5,418.30 after Monday's stock market session, compared to INR 5,516.25 at the previous market session. The reports about the potential stake sale via the block trade deal came after the stock market's operating hours on 26 May 2025. Reported Earnings • May 22
Full year 2025 earnings released: EPS: ₹188 (vs ₹212 in FY 2024) Full year 2025 results: EPS: ₹188 (down from ₹212 in FY 2024). Revenue: ₹808.0b (up 17% from FY 2024). Net income: ₹72.6b (down 11% from FY 2024). Profit margin: 9.0% (down from 12% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Airlines industry in Asia. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 45% per year, which means it is significantly lagging earnings growth. Annonce • May 21
InterGlobe Aviation Limited, Annual General Meeting, Aug 20, 2025 InterGlobe Aviation Limited, Annual General Meeting, Aug 20, 2025. Annonce • May 16
InterGlobe Aviation Limited to Report Q4, 2025 Results on May 21, 2025 InterGlobe Aviation Limited announced that they will report Q4, 2025 results on May 21, 2025 Buy Or Sell Opportunity • Apr 25
Now 22% undervalued Over the last 90 days, the stock has risen 28% to ₹5,313. The fair value is estimated to be ₹6,791, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 28% in 2 years. Earnings are forecast to grow by 61% in the next 2 years. Buy Or Sell Opportunity • Feb 04
Now 21% undervalued Over the last 90 days, the stock has risen 6.9% to ₹4,344. The fair value is estimated to be ₹5,491, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 31% in 2 years. Earnings are forecast to grow by 55% in the next 2 years. Annonce • Jan 31
InterGlobe Aviation Limited Announces Retirement of Wolfgang Prock-Schauer, Erstwhile Chief Operating Officer and Senior Management Personnel InterGlobe Aviation Limited announced that Mr. Wolfgang Prock-Schauer, erstwhile Chief Operating Officer and Senior Management Personnel has retired from services of the Company, with effect from close of business hours on January 30, 2025. New Risk • Jan 25
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.7x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. This is currently the only risk that has been identified for the company. Reported Earnings • Jan 25
Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2025 results: EPS: ₹63.38 (down from ₹77.69 in 3Q 2024). Revenue: ₹221.1b (up 14% from 3Q 2024). Net income: ₹24.5b (down 18% from 3Q 2024). Profit margin: 11% (down from 15% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) missed analyst estimates by 10%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Airlines industry in Asia. Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Annonce • Jan 25
InterGlobe Aviation Limited Provides Operating Guidance for the Fourth Quarter 2025 and Reaffirms Operating Guidance Full Year 2025 InterGlobe Aviation Limited provided operating guidance for the fourth quarter 2025 and reaffirmed operating guidance full year 2025. Fourth quarter of fiscal year 2025 capacity in terms of ASKs is expected to increase by around
20% as compared to the fourth quarter of fiscal year 2024.
The company remain firm on full year guidance of double-digit capacity additions. Annonce • Jan 16
InterGlobe Aviation Limited to Report Q3, 2025 Results on Jan 24, 2025 InterGlobe Aviation Limited announced that they will report Q3, 2025 results at 4:00 PM, Indian Standard Time on Jan 24, 2025 Buy Or Sell Opportunity • Nov 04
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.0% to ₹3,960. The fair value is estimated to be ₹4,978, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 38% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 28% in 2 years. Earnings are forecast to grow by 39% in the next 2 years. Reported Earnings • Oct 26
Second quarter 2025 earnings: EPS misses analyst expectations Second quarter 2025 results: ₹25.55 loss per share (down from ₹4.90 profit in 2Q 2024). Revenue: ₹169.7b (up 14% from 2Q 2024). Net loss: ₹9.87b (down ₹11.8b from profit in 2Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Airlines industry in Asia. Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Annonce • Oct 16
InterGlobe Aviation Limited to Report Q2, 2025 Results on Oct 25, 2024 InterGlobe Aviation Limited announced that they will report Q2, 2025 results at 4:00 PM, Indian Standard Time on Oct 25, 2024 Annonce • Sep 26
IndiGo Announces Executive Changes IndiGo nominated Mr. Isidro Porqueras for appointment, subject to regulatory approvals, as Chief Operating Officer (COO) effective November 1, 2024. Mr. Porqueras will succeed Mr. Wolfgang Prock-Schauer, who has been successfully leading the operations at IndiGo for past 7 years (since 2018) and will be retiring later this year. Mr. Porqueras has 25+ years of experience leading high-performance teams in competitive environments in different areas such as operations, commercial, strategy and finance. Mr. Porqueras joined IndiGo in April, 2024 as Chief of Transformation and has been engaged in several operations related projects over these past months. Before joining IndiGo, he was COO at Volotea (one of the fastest growing airlines in Europe) and prior to that, worked for companies such as McKinsey and Uralita. Annonce • Aug 29
Rakesh Gangwal Reportedly to Sell $804 Million Worth Indigo Stake Through Block Deal Rakesh Gangwal, Co-Founder of InterGlobe Aviation Limited (NSEI:INDIGO), is looking to sell up to $804 million in the company through a block deal, ET Now reported. The floor price for the same may be INR 4,593 per share, which is 5.5% discount to the current market price. Gangwal, the co-founder of India’s largest carrier, had said that he would gradually reduce the holdings in the company after stepping down from the board in February 2022. Shobha Gangwal has completely exited the airline. Rakesh Gangwal, wife Shobha Gangwal, and their family trust, all of who are part of the promoter group, held close to 34% stake in the airline at the end of December last year. Earlier this year, Gangwal had offloaded 5.8% stake in the budget carrier through the open market for INR 67,860 million. As of June 2024, Rakesh Gangwal held a 5.89% stake in India’s largest air carrier under IndiGo, and his family trust – The Chinkerpoo Family Trust, holds 13.49% stake. In August 2023, Shobha Gangwal sold 4% stake in the company through the open market for about INR 29,440 million. Gangwal is likely cashing in with the stock trading near a record high, as a rapidly growing retail investor base and strong corporate earnings drive demand for Indian equities. It's over five times within two years that the co-founder has tapped investors through a block sale of IndiGo shares. Annonce • Aug 01
InterGlobe Aviation Limited, Annual General Meeting, Aug 23, 2024 InterGlobe Aviation Limited, Annual General Meeting, Aug 23, 2024, at 11:00 Indian Standard Time. Reported Earnings • Jul 27
First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2025 results: EPS: ₹70.70 (down from ₹80.16 in 1Q 2024). Revenue: ₹195.7b (up 17% from 1Q 2024). Net income: ₹27.3b (down 12% from 1Q 2024). Profit margin: 14% (down from 19% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.2%. Earnings per share (EPS) missed analyst estimates by 1.7%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Airlines industry in Asia. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth. Annonce • Jul 20
InterGlobe Aviation Limited to Report Q1, 2025 Results on Jul 26, 2024 InterGlobe Aviation Limited announced that they will report Q1, 2025 results at 4:00 PM, Indian Standard Time on Jul 26, 2024 Annonce • Jun 13
InterGlobe Enterprises Reportedly to Sell 2% Stake in IndiGo via Block Deal InterGlobe Enterprises Private Limited, one of the promoters of InterGlobe Aviation Limited (NSEI:INDIGO), is planning to sell around 2% stake in the company through a block deal, according to reports. The stake sale value is said to be around $394 million, where the promoter will offload 7.7 million shares at INR 4,266 apiece. The transaction will be done at 6% discount to the last closing price of IndiGo's shares. IndiGo is majority owned by promoters with 57.29% stake, under which Rahul Bhatia and Co-Founder Rakesh Gangwal also have a holding. InterGlobe Enterprises, which is planning the latest stake sale, is a Rahul Bhatia- promoted entity. Price Target Changed • May 25
Price target increased by 13% to ₹4,547 Up from ₹4,011, the current price target is an average from 21 analysts. New target price is 6.8% above last closing price of ₹4,256. Stock is up 83% over the past year. The company is forecast to post earnings per share of ₹198 for next year compared to ₹212 last year. Reported Earnings • May 24
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: ₹212 (up from ₹7.93 loss in FY 2023). Revenue: ₹689.0b (up 27% from FY 2023). Net income: ₹81.7b (up ₹84.8b from FY 2023). Profit margin: 12% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 4.4%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 8.2% growth forecast for the Airlines industry in Asia. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. New Risk • May 06
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.7x net interest cover). Negative equity (-₹29b). Earnings are forecast to decline by an average of 1.9% per year for the foreseeable future. Annonce • Apr 30
Interglobe Aviation Limited Appoints Isidro Pablo Porqueras Orea as Chief of Transformation InterGlobe Aviation Limited informed that the Board of Directors of the Company has approved the appointment of Mr. Isidro Pablo Porqueras Orea as Chief of Transformation with effect from April 29, 2024. Mr. Orea possess 25 years of professional experience in different functional areas such as Operations, Commercial, Strategy and Finance. He has been a C-Level Executive for the last 10 years. He was with Volotea, one of the fastest growing airlines in Europe, from 2016-2023 and served as their COO for the last 5 years. Mr. Orea's prior work experience also includes working with the likes of Urdsa, Uralita and Mckinsey & Company. Annonce • Mar 10
IndiGo Co-Founder Rakesh Gangwal Reportedly Plans INR 37.3 Billion Stake Divestment in Interglobe Aviation Rakesh Gangwal, the co-founder of IndiGo, is set to divest a stake of up to 3.3%, valued at INR 37.3 billion ($451 million), in InterGlobe Aviation Limited (NSEI:INDIGO) through a block deal. According to a report in news agency Reuters and CNBC-TV18, Gangwal has announced plans to divest a stake of approximately 3.3% in operator Interglobe Aviation. Floor price for block deal: The floor price for the block deal has been established at INR 2,925 per share, representing a 5.8% discount to Interglobe's closing price on March 7, 2024. Gangwal, holding an 11.72% stake in the airline, founded IndiGo in 2006 alongside Rahul Bhatia. The block deal details, including the date, were not disclosed in the report. Gangwal and his wife have gradually reduced their shareholding over the past year. Over the past year, Rakesh Gangwal and his wife, Rekha Gangwal, have progressively diminished their ownership in the company, with the latter fully divesting from the firm in August of the previous year. Despite these changes, their Chinkerpoo Family Trust retains a significant 13.49% stake in Interglobe, making it the company's largest shareholder, second only to Bhatia's Interglobe Enterprises. Buy Or Sell Opportunity • Mar 06
Now 20% undervalued Over the last 90 days, the stock has risen 6.6% to ₹3,069. The fair value is estimated to be ₹3,838, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 51% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 26% in 2 years. Earnings are forecast to decline by 4.5% in the next 2 years. Buy Or Sell Opportunity • Feb 15
Now 20% undervalued Over the last 90 days, the stock has risen 16% to ₹3,029. The fair value is estimated to be ₹3,803, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 51% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 26% in 2 years. Earnings are forecast to decline by 4.5% in the next 2 years. Price Target Changed • Feb 05
Price target increased by 8.2% to ₹3,395 Up from ₹3,139, the current price target is an average from 21 analysts. New target price is 7.1% above last closing price of ₹3,172. Stock is up 53% over the past year. The company is forecast to post earnings per share of ₹188 next year compared to a net loss per share of ₹7.93 last year. New Risk • Feb 05
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 4.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.7x net interest cover). Negative equity (-₹29b). Earnings are forecast to decline by an average of 4.2% per year for the foreseeable future. Reported Earnings • Feb 03
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: EPS: ₹77.69 (up from ₹36.91 in 3Q 2023). Revenue: ₹200.6b (up 34% from 3Q 2023). Net income: ₹30.0b (up 111% from 3Q 2023). Profit margin: 15% (up from 9.5% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.6%. Earnings per share (EPS) also surpassed analyst estimates by 57%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Airlines industry in Asia. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Annonce • Feb 02
Interglobe Aviation Limited Announces Executive Changes InterGlobe Aviation Limited announced resignation of Mr. Sanjay Gupta as the Company Secretary and Chief Compliance Officer (Key Managerial Personnel) of the Company effective end of day, February 2, 2024. Mr. Gupta will be taking up a different role within the organisation. The company announced the appointment of Ms. Neerja Sharma (Membership Number A9630) as the Company Secretary and Chief Compliance Officer (Key Managerial Personnel) of the Company with effect from February 3, 2024. This disclosure shall also be deemed to be the disclosure under regulation 6 of the Regulations. Annonce • Dec 07
Interglobe Aviation Limited Appoints Neerja Sharma as Senior Vice President - Regulatory Compliance InterGlobe Aviation Limited announced that Ms. Neerja Sharma has joined the Company as Senior Vice President - Regulatory Compliance, reporting to the Chief Executive Officer, with effect from December 7, 2023. Ms. Neerja Sharma is a Corporate Governance Professional with over 30 years' experience, primarily in leadership positions. Before joining the Company, she was working with Hero MotoCorp Limited as Company Secretary & Chief Compliance Officer from August 2016 to January 2022. In the past, she has also been associated with Carin India Limited, Fortis Healthcare Limited and Ballarpur Industries Limited. Reported Earnings • Nov 04
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: EPS: ₹4.90 (up from ₹41.09 loss in 2Q 2023). Revenue: ₹155.0b (up 24% from 2Q 2023). Net income: ₹1.89b (up ₹17.7b from 2Q 2023). Profit margin: 1.2% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) also surpassed analyst estimates by 16%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Airlines industry in Asia. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Annonce • Nov 02
InterGlobe Aviation Limited Announces Resignation of Mr. Mahesh Kumar Malik as Chief Commercial Officer Cargo (Domestic) InterGlobe Aviation Limited informed that Mr. Mahesh Kumar Malik, Chief Commercial Officer Cargo (Domestic) has resigned from the Company with effect from November 1, 2023. The other details are as given below: Reason: Personal reasons. Annonce • Oct 17
Indigo Co-Founder Rakesh Gangwal Has No Intention of Investing in SpiceJet Shares of SpiceJet Limited (BSE:500285) tumbled over 11% to INR 38.7 in October 16, 2023 trade on BSE after a report stated that IndiGo co-founder Rakesh Gangwal had no intentions to buy a stake in the budget Indian airline carrier. Rakesh Gangwal has no intention of investing in SpiceJet, said a banker close to him. Gangwal was responding to media reports that said he plans to buy a stake in the low-fare carrier. "He still owns 25% in InterGlobe Aviation Limited (NSEI:INDIGO). It doesn't make the remotest sense for him to invest in SpiceJet," said the banker. Gangwal "is upset that retail investors are misguided thus, he would like to appeal to the Sebi to investigate the root of such baseless rumours," said the banker, who didn't want to be named. Gangwal and his family owned close to over 37% stake in IndiGo. He decided to part ways with the airline after a bitter feud with co-founder Rahul Bhatia. Gangwal and his family have been selling stake throughout the year and aim to exit the airline in 3-4 years. On October 13, SpiceJet shares rallied nearly 18% amid a media report that said the co-founder of airline IndiGo, Rakesh Gangwal, was in advanced stage of talks to acquire a stake in the BSE-listed firm. Price Target Changed • Sep 12
Price target increased by 7.2% to ₹3,011 Up from ₹2,808, the current price target is an average from 22 analysts. New target price is 21% above last closing price of ₹2,493. Stock is up 29% over the past year. The company is forecast to post earnings per share of ₹158 next year compared to a net loss per share of ₹7.93 last year. New Risk • Aug 03
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.4x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.4x net interest cover). Negative equity (-₹62b). Reported Earnings • Jul 30
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: ₹7.93 loss per share (improved from ₹160 loss in FY 2022). Revenue: ₹544.5b (up 110% from FY 2022). Net loss: ₹3.06b (loss narrowed 95% from FY 2022). Available seat kilometres (ASK): 114.36b (up 62% from FY 2022). Passenger load factor: 82.1% (up from 73.6% in FY 2022). Total aircraft: 304 (up by 29 from FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 73%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Airlines industry in Asia. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Jul 29
InterGlobe Aviation Limited to Report Q3, 2024 Results on Feb 14, 2024 InterGlobe Aviation Limited announced that they will report Q3, 2024 results on Feb 14, 2024 Annonce • Jul 28
InterGlobe Aviation Limited to Report Q1, 2024 Results on Aug 02, 2023 InterGlobe Aviation Limited announced that they will report Q1, 2024 results on Aug 02, 2023 Annonce • Jun 14
IndiGo Says Not Aware of Co-Founder Gangwal Family's Stake Sale Plans India's airline InterGlobe Aviation Limited (NSEI:INDIGO) has said it is not aware of any plans of co-founder Rakesh Gangwal's family to sell stake in the airline. "We would like to state that the company has not received any such information nor has the company been made aware by the co-founder of their intention to sell their stake," InterGlobe Aviation Ltd, which operates IndiGo, told the stock exchanges in a clarification. The company was asked to clarify on a news report which stated that the family of Gangwal is likely to sell a 5-8% stake in the Indian airline's parent InterGlobe Aviation Ltd. for over $900 million. In September 2022, Gangwal and his family had sold 2.8% stake or 10.8 million shares in InterGlobe Aviation through a block deal via two separate transactions. In February, Sobha Gangwal had cut her stake in the company by over 4%. He had added that his current intention is to gradually reduce equity stake in the company over the next five-plus years. While new investors should benefit from the potential future growth in the company's share price, a gradual reduction of my stake should also allow me to benefit from some of the upside, Gangwal had said. Price Target Changed • May 29
Price target increased by 7.4% to ₹2,621 Up from ₹2,441, the current price target is an average from 24 analysts. New target price is 13% above last closing price of ₹2,320. Stock is up 28% over the past year. The company is forecast to post earnings per share of ₹119 next year compared to a net loss per share of ₹7.93 last year. Reported Earnings • May 19
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: ₹7.93 loss per share (improved from ₹160 loss in FY 2022). Revenue: ₹558.8b (up 116% from FY 2022). Net loss: ₹3.06b (loss narrowed 95% from FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 71%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Airlines industry in Asia. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 19
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: ₹7.93 loss per share (improved from ₹160 loss in FY 2022). Revenue: ₹558.8b (up 116% from FY 2022). Net loss: ₹3.06b (loss narrowed 95% from FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 71%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Airlines industry in Asia. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Annonce • May 12
InterGlobe Aviation Limited to Report Q4, 2023 Results on May 18, 2023 InterGlobe Aviation Limited announced that they will report Q4, 2023 results at 4:00 PM, Indian Standard Time on May 18, 2023 Price Target Changed • Feb 07
Price target increased by 8.5% to ₹2,443 Up from ₹2,251, the current price target is an average from 21 analysts. New target price is 21% above last closing price of ₹2,025. Stock is down 7.3% over the past year. The company is forecast to post a net loss per share of ₹10.07 next year compared to a net loss per share of ₹160 last year. Reported Earnings • Feb 05
Third quarter 2023 earnings: EPS and revenues exceed analyst expectations Third quarter 2023 results: EPS: ₹36.91 (up from ₹3.37 in 3Q 2022). Revenue: ₹149.3b (up 61% from 3Q 2022). Net income: ₹14.2b (up ₹12.9b from 3Q 2022). Profit margin: 9.5% (up from 1.4% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) also surpassed analyst estimates by 3.2%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Airlines industry in Asia. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Annonce • Jan 26
InterGlobe Aviation Limited to Report Q3, 2023 Results on Feb 03, 2023 InterGlobe Aviation Limited announced that they will report Q3, 2023 results at 4:00 PM, Indian Standard Time on Feb 03, 2023 Board Change • Nov 16
High number of new directors There are 6 new directors who have joined the board in the last 3 years. CEO & Whole Time Director Pieter Elbers was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 06
Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2023 results: ₹41.09 loss per share (further deteriorated from ₹37.29 loss in 2Q 2022). Revenue: ₹128.5b (up 129% from 2Q 2022). Net loss: ₹15.8b (loss widened 10% from 2Q 2022). Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) missed analyst estimates by 7.8%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Airlines industry in Asia. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Reported Earnings • Aug 01
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: ₹160 loss per share (down from ₹151 loss in FY 2021). Revenue: ₹259.3b (up 77% from FY 2021). Net loss: ₹61.6b (loss widened 6.1% from FY 2021). Available seat kilometres (ASK): 70.39b (up 55% from FY 2021). Passenger load factor: 73.6% (up from 69.4% in FY 2021). Revenue per available seat kilometre (RASK): 373.0% (up from 330.0% in FY 2021). Total aircraft: 275 (down by 10 from FY 2021). Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) missed analyst estimates by 12%. Over the next year, revenue is forecast to grow 81%, compared to a 56% growth forecast for the airlines industry in India. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. Board Change • Jun 02
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Additional Independent Non-Executive Director Vikram Mehta was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 27
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: ₹160 loss per share (down from ₹151 loss in FY 2021). Revenue: ₹266.6b (up 82% from FY 2021). Net loss: ₹61.6b (loss widened 6.1% from FY 2021). Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) missed analyst estimates by 12%. Over the next year, revenue is forecast to grow 75%, compared to a 47% growth forecast for the airlines industry in India. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance. Annonce • Feb 19
Interglobe Aviation Limited Announces Resignation of Rakesh Gangwal as Non Executive, Non Independent Director InterGlobe Aviation Limited announced that Mr. Rakesh Gangwal, Non Executive, Non Independent Director has tendered his resignation from the Board of Directors of the Company vide his letter dated February 18, 2022, with immediate effect. Annonce • Feb 05
IndiGo Appoints Rahul Bhatia as Managing Director IndiGo appointed its co-founder and promoter Rahul Bhatia as the company's managing director with immediate effect. The board of directors, during its meeting on February 4, 2022, unanimously approved the appointment of Bhatia as the managing director with immediate effect, subject to the approval of the shareholders. Reported Earnings • Feb 05
Third quarter 2022 earnings: EPS and revenues exceed analyst expectations Third quarter 2022 results: EPS: ₹3.37 (up from ₹16.11 loss in 3Q 2021). Revenue: ₹94.8b (up 93% from 3Q 2021). Net income: ₹1.30b (up ₹7.50b from 3Q 2021). Profit margin: 1.4% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) also surpassed analyst estimates. Over the next year, revenue is forecast to grow 50%, compared to a 51% growth forecast for the industry in India. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 111 percentage points per year, which is a significant difference in performance. Annonce • Dec 11
Co-Promoter Reportedly May Exit Indigo by Selling His Stake InterGlobe Aviation Limited (NSEI:INDIGO) Co-Promoter Rakesh Gangwal may exit the airline by selling his stake in the low-cost-carrier after the Extraordinary General Meeting (EGM) on December 30, 2021 ending the long battle with the other Promoter, Rahul Bhatia. The two promoters of India’s largest carrier called for an EGM two days ago to scrap a clause in the company’s articles of association (AoA), which gives them the right of first refusal (RoFR) over acquisition of each other’s share. This effectively means that once the shareholders give their approval to drop this clause, either side can sell or transfer shares to a third party without giving each other a notice. Sources close to the development said the EGM has been called to pave the way for Gangwal to sell his stake in the company. It is unclear when he will sell it but he is keeping the permissions ready, they added. Price Target Changed • Nov 02
Price target increased to ₹2,054 Up from ₹1,915, the current price target is an average from 9 analysts. New target price is 5.7% below last closing price of ₹2,178. Stock is up 59% over the past year. The company is forecast to post a net loss per share of ₹137 next year compared to a net loss per share of ₹151 last year. Reported Earnings • Nov 01
Second quarter 2022 earnings released: ₹37.29 loss per share (vs ₹31.05 loss in 2Q 2021) The company reported a solid second quarter result with improved revenues and control over costs, although losses increased. Second quarter 2022 results: Revenue: ₹56.1b (up 105% from 2Q 2021). Net loss: ₹14.4b (loss widened 20% from 2Q 2021). Recent Insider Transactions • Sep 01
Senior Vice President of Engineering recently sold ₹34m worth of stock On the 26th of August, Satish Gupta sold around 20k shares on-market at roughly ₹1,719 per share. In the last 3 months, there was an even bigger sale from another insider worth ₹36m. Insiders have been net sellers, collectively disposing of ₹2.0b more than they bought in the last 12 months. Recent Insider Transactions • Aug 21
Insider recently sold ₹22m worth of stock On the 18th of August, Sanjay Kumar sold around 13k shares on-market at roughly ₹1,705 per share. In the last 3 months, there was an even bigger sale from another insider worth ₹36m. Insiders have been net sellers, collectively disposing of ₹1.9b more than they bought in the last 12 months. Recent Insider Transactions • Aug 12
General Counsel recently sold ₹36m worth of stock On the 6th of August, Priya Mehra sold around 22k shares on-market at roughly ₹1,652 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹1.8b more than they bought in the last 12 months. Reported Earnings • Jul 28
First quarter 2022 earnings released: ₹82.47 loss per share (vs ₹73.92 loss in 1Q 2021) The company reported a solid first quarter result with improved revenues and control over costs, although losses increased. First quarter 2022 results: Revenue: ₹31.7b (up 314% from 1Q 2021). Net loss: ₹31.7b (loss widened 12% from 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 132 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Jun 16
Insider recently sold ₹9.1m worth of stock On the 9th of June, Ashim Mittra sold around 5k shares on-market at roughly ₹1,817 per share. In the last 3 months, there was an even bigger sale from another insider worth ₹318m. Insiders have been net sellers, collectively disposing of ₹1.8b more than they bought in the last 12 months. Annonce • Jun 09
InterGlobe Aviation Limited Provides Earnings Guidance for the Fiscal Year 2022 InterGlobe Aviation Limited provided earnings guidance for the fiscal year 2022. The near-term outlook for international continues to be weak and a meaningful recovery of international traffic will probably be pushed to the fourth quarter of 2022. Given the weakness in revenues in April and May, the company will, of course, report deterioration in revenue performance for the quarter ending June 2021 as compared to March 2021. But after that, the company expects to see a steadily improving revenue trend for the rest of the year, provided, of course, the anticipated third COVID wave is relatively flat. Reported Earnings • Jun 06
Full year 2021 earnings released: ₹151 loss per share (vs ₹6.08 loss in FY 2020) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2021 results: Revenue: ₹156.8b (down 56% from FY 2020). Net loss: ₹58.1b (loss widened ₹55.7b from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 125 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Mar 31
Insider recently sold ₹50m worth of stock On the 23rd of March, Sanjay Kumar sold around 28k shares on-market at roughly ₹1,757 per share. In the last 3 months, there was an even bigger sale from another insider worth ₹318m. Insiders have been net sellers, collectively disposing of ₹1.9b more than they bought in the last 12 months. Recent Insider Transactions • Mar 19
Insider recently sold ₹24m worth of stock On the 12th of March, Riyaz Peer Mohamed sold around 14k shares on-market at roughly ₹1,701 per share. In the last 3 months, they made an even bigger sale worth ₹245m. Insiders have been net sellers, collectively disposing of ₹1.5b more than they bought in the last 12 months. Recent Insider Transactions • Mar 10
Insider recently sold ₹245m worth of stock On the 5th of March, Riyaz Peer Mohamed sold around 137k shares on-market at roughly ₹1,785 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹1.5b more than they bought in the last 12 months. Is New 90 Day High Low • Mar 04
New 90-day high: ₹1,799 The company is up 3.0% from its price of ₹1,745 on 04 December 2020. The Indian market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Airlines industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₹1,733 per share. Executive Departure • Feb 23
Chief Financial Officer has left the company On the 21st of February, Aditya Pande's tenure as Chief Financial Officer ended after 1.4 years in the role. We don't have any record of a personal shareholding under Aditya's name. Aditya is the only executive to leave the company over the last 12 months. Recent Insider Transactions • Feb 12
Insider recently sold ₹151m worth of stock On the 5th of February, Riyaz Peer Mohamed sold around 90k shares on-market at roughly ₹1,678 per share. In the last 3 months, they made an even bigger sale worth ₹457m. Insiders have been net sellers, collectively disposing of ₹1.1b more than they bought in the last 12 months. Annonce • Feb 10
InterGlobe Aviation Limited Appoints Jiten Chopra as Chief Financial Officer, with Effect from February 22, 2021 InterGlobe Aviation Limited approved the appointment of Mr. Jiten Chopra as the Chief Financial Officer of the Company with effect from February 22, 2021. Reported Earnings • Jan 29
Third quarter 2021 earnings released: ₹16.11 loss per share (vs ₹12.89 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: ₹51.4b (down 48% from 3Q 2020). Net loss: ₹6.20b (down 225% from profit in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 129 percentage points per year, which is a significant difference in performance. Analyst Estimate Surprise Post Earnings • Jan 29
Earnings beat expectations, revenue disappoints Revenue missed analyst estimates by 6.0%. Earnings per share (EPS) exceeded analyst estimates by 196%. Over the next year, revenue is forecast to grow 76%, compared to a 11% growth forecast for the Airlines industry in India. Annonce • Jan 22
InterGlobe Aviation Limited to Report Q3, 2021 Results on Jan 28, 2021 InterGlobe Aviation Limited announced that they will report Q3, 2021 results at 4:00 PM, Indian Standard Time on Jan 28, 2021