Quarter ended June 2021 compared with Quarter ended June 2020.
Net sales (including other operating income) of Interglobe Aviation has increased 292.17% to Rs 3006.91 crore. Operating losses declined to Rs -1,464.77 crore. Purchase of finished goods cost rose from 0.05% to 0.25%. Employee cost decreased from 123.73% to 29.17%. Other expenses fell from 187.58% to 119.31%. Power and Oil fuel cost rose from 16.70% to 40.45%. Other direct service cost fell from 122.56% to 50.92%. Loss on forex transaction rose from 9.94% to 12.22%.
Other income fell 56.68% to Rs 163.34 crore. Provision for interest rose 8.97% to Rs 555.49 crore.
Provision for depreciation rose 20.13% to Rs 1317.26 crore.
Profit before tax widened by 11.67% to Rs -3,174.18 crore. Share of profit/loss were nil in both the periods.
Minority interest was nil in both the periods. Net profit attributable to owners of the company widened 11.60% to Rs -3,174.18 crore.
Promoters stake was 74.84% as of 30 June 2021 ,compared to 74.86% as of 30 June 2020 .
Commenting on the performance the Companys CEO, Mr. Ronojoy Dutta said, Our financial results for the first quarter were severely
impacted by the second covid wave. The number of passengers traveling declined sharply in the months of May and June. With the second covid wave receding, we are seeing a measured recovery in bookings for July and August. Notwithstanding the Industrys present challenges, we remain firmly optimistic about IndiGos future. Our entire focus during this pandemic has been to manage our cash balances, run a high-quality airline and to continue to build our capabilities and be prepared for the post covid environment.
?Interglobe Aviation: Consolidated Results
|2106 (3)||2006(3)||Var (%)||2103 (12)||2003 (12)||Var (%)|
|Share of profit/loss from JV||-||-||-||-||-||-|
|PBT Before EO||-3174.18||-2842.58||-11.67%||-5818.07||-255.67||-2175.63%|
|PBT After EO||-3174.18||-2842.58||-11.67%||-5818.07||-255.67||-2175.63%|
|* EPS is on current equity of Rs 384.910 crore, Face value of Rs. 10 Each|
# EPS is not annualized due to seasonality of business
BPS- Basis points
Figures in Rs crore
P/L-Profit to Loss
Source: Capitaline Corporate Database
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