IndiGo Q1 profit may drop 30% due to fuel costs
after close1 source ↓written by the desknot a recommendation
- to ₹23
- 16% to 18% YoY
InterGlobe Aviation is set to announce its Q1 earnings on 23 Jul 2023, with net profit potentially falling by up to 30% due to elevated aviation turbine fuel costs amid the West Asia conflict.
Key Points:
• Expected net sales rise of 16% to 18% YoY to ₹23,900 to ₹24,250 cr
• Investors will focus on management's outlook regarding fuel costs and passenger traffic
• Profitability pressures may impact market sentiment
Not investment advice. For informational purposes only.