Buy InterGlobe Aviation, target price Rs 2360: ICICI Securities

ICICI Securities has buy call on InterGlobe Aviation with a target price of Rs 2360. The current market price of InterGlobe Aviation is Rs 2040.75.

InterGlobe Aviation Ltd., incorporated in the year 2004, is a Large Cap company (having a market cap of Rs 78697.91 Crore) operating in Airlines sector.

InterGlobe Aviation Ltd. key Products/Revenue Segments include Income (Airlines) and Other Operating Revenue for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 12852.29 Crore, down -1.28 % from last quarter Total Income of Rs 13018.81 Crore and up 121.64 % from last year same quarter Total Income of Rs 5798.73 Crore. Company reported net profit after tax of Rs -1583.33 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 74.77 per cent stake in the company as of 31-Mar-2022, while FIIs owned 19.17 per cent, DIIs 4.01 per cent.