Neutral on InterGlobe Aviation, target price Rs 4065: Motilal Oswal

Motilal Oswal has neutral call on InterGlobe Aviation with a target price of Rs 4065. The current market price of InterGlobe Aviation is Rs 4004.95.

InterGlobe Aviation Ltd., incorporated in the year 2004, is a Large Cap company (having a market cap of Rs 153685.13 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 31-12-2023, the company reported a Consolidated Total Income of Rs 20062.25 Crore, up 29.41 % from last quarter Total Income of Rs 15502.94 Crore and up 30.19 % from last year same quarter Total Income of Rs 15410.20 Crore. Company reported net profit after tax of Rs 2998.12 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 57.29 per cent stake in the company as of 31-Mar-2024, while FIIs owned 23.66 per cent, DIIs 15.03 per cent.