Neutral on InterGlobe Aviation, target price Rs 4970: Motilal Oswal

Motilal Oswal has neutral call on InterGlobe Aviation with a target price of Rs 4970. The current market price of InterGlobe Aviation is Rs 4927.75.

InterGlobe Aviation Ltd., incorporated in the year 2004, is a Large Cap company (having a market cap of Rs 190471.33 Crore) operating in Airlines sector.

InterGlobe Aviation Ltd. key Products/Revenue Segments include Sale of services, Other Operating Revenue and Income (Airlines) for the year ending 31-Mar-2024.



Financials
For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 20248.90 Crore, up 9.42 % from last quarter Total Income of Rs 18505.10 Crore and up 17.99 % from last year same quarter Total Income of Rs 17160.87 Crore. Company reported net profit after tax of Rs 2728.80 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 55.29 per cent stake in the company as of 30-Jun-2024, while FIIs owned 24.43 per cent, DIIs 15.35 per cent.