IndiGo block deal: InterGlobe Aviation (NSE: INDIGO) shares slipped over 3 per cent in the morning deals on Tuesday (June 11) as 77 lakh shares or 2 per cent equity changed hands via multiple block deals. As per reports, Interglobe Enterprises was likely to sell a two per cent stake in the company.  As per BSE data, Interglobe Enterprises Private Ltd has a 37.75 per cent stake in Interglobe Aviation currently. 

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At around 9:44 a.m., shares of IndiGo traded 3.23 per cent or Rs 147.45 at Rs 4,415.1 apiece on BSE. 

InterGlobe Aviation Q4 results 

The airline company delivered strong financial performance led by a range of initiatives and supported by a favourable external environment in Q4. 

Net profit at the entity for the reporting quarter more than doubled year-on-year to Rs 1,894.8 crore as against Rs 919.2 crore in the same period last year. Zee Business research analysts pegged profit to be at Rs 1,310 crore for the period under review. Further total income at the company also logged a 26.7 per cent growth on-year to Rs 18,505.1 crore.

EBITDAR or earnings before interest, tax, depreciation, amortisation, and rent) for the reporting period also logged a surge on-year and came in at Rs 4,412 crore as against Rs 2,966.5 crore in the corresponding period last year. EBITDAR margin stood at 24.8 per cent in comparison to 20.9 per cent in Q4FY23.

During the period, the company’s passenger base increased to 26.7 million, a 14 per cent growth year-on-year. While the load factor and yield improved to 86.3 per cent and Rs 5.19.

IndiGo share price: Past performance

In a year, shares of IndiGo have gained over 88 per cent against Nifty50's rise of over 25 per cent. 

June 11 session on Dalal Street here. For all other news related to business, politics, tech and auto, visit Zeebiz.com