IndiGo shares gain as airline reports profit in Q4. What should investors do now?
Interglobe Aviation’s shares gained on Friday after the company reported profit for the January-March quarter against a loss in the corresponding quarter in the year ago period.
Following the Q4 show, Credit Suisse maintained an ‘Outperform’ rating on the counter while other top brokerages have a ‘Buy’ stance.
The company which operates its airline under the IndiGo brand posted a consolidated net profit of Rs 919 crore for the January-March period on Thursday as against a loss of Rs 1,682 crore in Q4FY23. On a sequential basis, profit fell 35% from Rs 1,423 crore in the preceding December quarter.
