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IndiGo faces forex losses but remains a buy for analysts

IndiGo's Q3 results showed an 18% year-on-year decline in net profit, primarily due to foreign exchange losses of Rs 1,456.4 crore. UBS raised its price target to Rs 5,400, citing strong demand growth, while Goldman Sachs lowered its target to Rs 4,650, reflecting concerns over forex and fuel prices. Despite near-term challenges, both brokerages maintain a positive outlook on IndiGo's competitive positioning in the Indian aviation market.
NDTV Profit
Indian Rupee United States Dollar InterGlobe Aviation Limited INDIGO STAR-OLD IND Pieter Elbers
Business & Industry, Market Report
12:13 24.01.2025

Q2 2024 earnings season gains momentum with major companies reporting results

Major companies including Coal India, JSW Steel, DLF, and Interglobe Aviation are set to release their Q2 earnings reports today, joining a wave of firms that have already reported results. Notable performances include Reliance Industries with a profit decline of 4.8%, while HCL Technologies and TCS reported profit increases of 10.5% and 5.0%, respectively. ICRA's profit rose by 15.6% to Rs 36.72 crore, and Oracle Financial Services Software saw a significant profit increase of 38.4% to Rs 577.70 crore.
Financialexpress
Indian Rupee United States Dollar HDFC Bank Limited Bandhan Bank Limited Torrent Pharmaceuticals Limited InterGlobe Aviation Limited Poonawalla Fincorp Limited JSW Steel Limited Reliance Industries Limited Gensol Engineering Limited Adani Wilmar Limited HUL Piramal Pharma Limited PVR INOX Limited The Phoenix Mills Limited NIIT Limited Tata Consultancy Services (TCS) HCL Technologies Limited Novartis India Limited Inox Wind Limited Tech Mahindra Limited ICRA Limited Infosys Limited Coal India Limited Bajaj Auto Limited Paytm Money Ltd. TVS Motor Company Limited Shriram Finance Limited Nestlé India Limited Axis Bank Limited IDBI Bank Limited JM Financial Limited Mahindra Logistics Limited The Jammu and Kashmir Bank Limited Bank of Baroda Limited LTIMindtree Limited Wipro Limited Bpcl EPF Trust Zomato Limited Havells India Limited Bharat Petroleum Corporation Limited Mahindra Holidays & Resorts India Limited Bharat Electronics Limited DLF Assets Ltd. Hindustan Petroleum Corporation Limited ITC Limited IND Makarand Padalkar Avadhut Ketkar Pieter Elbers Ramnath Krishnan Medan Airport Show more
Finance & Economy, Market Report
17:57 25.10.2024
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