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Results
26-May-22
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Analysis
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Interglobe Aviation
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Net loss widened to Rs -1681.8 cr in Q4FY2022
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On
consolidated basis
Quarter ended March 2022 compared
with Quarter ended March 2021.
Net sales (including other operating income) of Interglobe Aviation has
increased 28.89% to Rs 8020.75 crore.
Operating profit margin declined
from 8.86% to 0.47%, leading to 93.13% decline in operating profit to Rs 37.89
crore.
Other income increased 34.47% to Rs
186.71 crore. Provision for interest rose 19.76% to Rs 632.93
crore.
Provision for depreciation declined
3.8% to Rs 1269.49 crore.
Share of profit/loss were nil in
both the periods. Provision for tax was debit of Rs 4.29 crore,
compared to credit of Rs 10.35 crore.
Minority interest was nil in both
the periods.
Full year results analysis.
Net sales (including other operating income) of Interglobe Aviation has increased
77.12% to Rs 25930.93 crore.
Other income fell 30.03% to Rs 725.60
crore. Provision for interest rose 10.09% to Rs 2358.02
crore. Loan funds rose to Rs 36877.8429,859.65 crore as of 31 March
2022 from Rs 29859.65 crore as of 31 March 2021. Inventories rose to
Rs 408.063 crore as of 31 March 2022 from Rs 316.418 crore as of 31 March 2021. Sundry
debtors were higher at Rs 332.92 crore as of 31 March 2022 compared to Rs 218.98
crore as of 31 March 2021. Cash and bank balance declined to Rs 10120.14
crore as of 31 March 2022 from Rs 11227.67 crore as of 31 March 2021. Investments
increased from Rs 7339.50 crore as of 31 March 2021 to Rs 8106.48 crore as of
31 March 2022.
Provision for depreciation rose 7.86%
to Rs 5068.60 crore. Fixed assets increased to Rs 21381.42crore as
of 31 March 2022 from Rs 18849.49 crore as of 31 March 2021. Intangible
assets declined from Rs 38.92 crore to Rs 27.60 crore.
Profit before tax widened 5.77% to
Rs -6153.68 crore. Share of profit/loss were nil in both the periods. Provision
for tax was debit of Rs 8.16 crore, compared to credit of Rs 11.64
crore. Effective tax rate was 0.20% compared to 8.60%.
Minority interest was nil in both
the periods. Net loss attributable to owners of the company increased
6.12% to Rs -6161.85 crore.
Equity capital increased from Rs
384.91 crore as of 31 March 2021 to Rs 385.255 crore as of 31 March 2022. Per
share face Value remained same at Rs 10.00.
Management Commentary:
The Company’s CEO, Mr. Ronojoy
Dutta said, “This quarter has been difficult because of the demand destruction
caused by the Omicron virus in the first half. Although traffic rebounded and
demand was robust during the latter half of the quarter, we were challenged by
high fuel costs and a weakening rupee. We believe IndiGo is best positioned to
maximise revenue in a recovering market. As we work to return the airline to
profitability, we are focused on maintaining our cost leadership position and
continuing to build the most efficient network in the region”
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Interglobe Aviation: Consolidated
Results
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2203(3)
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2103(3)
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Var (%)
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2203 (12)
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2103 (12)
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Var (%)
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Sales
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8020.75
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6222.95
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28.89%
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25930.93
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14640.631
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77.12%
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OPM (%)
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0.47%
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8.86%
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-839 bps
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2.11%
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-0.09%
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220 bps
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OP
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37.89
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551.50
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-93.13%
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547.33
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-13.61
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LP
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Other inc.
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186.71
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138.85
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34.47%
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725.60
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1036.96
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-30.03%
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PBIDT
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224.61
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690.35
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-67.47%
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1272.93
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1023.36
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24.39%
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Interest
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632.63
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528.24
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19.76%
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2358.02
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2141.98
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10.09%
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PBDT
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-408.03
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162.11
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P/L
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-1085.08
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-1118.62
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-3.00%
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Dep.
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1269.49
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1319.62
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-3.80%
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5068.60
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4699.45
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7.86%
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PBT
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-1677.51
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-1157.51
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44.92%
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-6153.68
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-5818.07
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5.77%
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Share of profit/loss from JV
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-
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-
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-
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-
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-
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-
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PBT Before EO
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-1677.51
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-1157.51
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44.92%
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-6153.68
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-5818.07
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5.77%
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Exceptional items
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-
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-
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-
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-
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-
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PBT After EO
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-1677.51
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-1157.51
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44.92%
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-6153.68
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-5818.07
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5.77%
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Total Tax
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4.29
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-10.35
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-141.41%
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8.16
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-11.64
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-170.09%
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PAT
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-1681.80
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-1147.16
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46.61%
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-6161.85
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-5806.43
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6.12%
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Minority Interest
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-
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-
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-
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-
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-
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-
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Net Profit
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-1681.80
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-1147.160
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46.61%
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-6161.85
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-5806.43
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6.12%
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EPS (Rs)*
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#
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#
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-159.94
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-150.72
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* EPS is on current equity of Rs
385.255 crore, Face value of Rs. 10 Each
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# EPS is not annualised due to
seasonality of business
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BPS- Basis points
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Figures in Rs crore
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Source: Capitaline Corporate
Database
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Previous News |
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(
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(
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