{"id":135725,"date":"2022-11-07T09:09:35","date_gmt":"2022-11-07T14:09:35","guid":{"rendered":"https:\/\/44.250.171.167\/?p=135725"},"modified":"2022-11-07T09:09:37","modified_gmt":"2022-11-07T14:09:37","slug":"interglobe-aviation-limited-q2-fy23-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/interglobe-aviation-limited-q2-fy23-earnings-conference-call-insights\/","title":{"rendered":"InterGlobe Aviation Limited Q2 FY23 Earnings Conference Call Insights"},"content":{"rendered":"<p><strong>Key highlights from InterGlobe Aviation Limited (<a href=\"https:\/\/44.250.171.167\/symbol\/INDIGO\/\">INDIGO<\/a>) Q2 FY23 Earnings Concall<\/strong><\/p>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>[00:13:10] Binay Singh from Morgan Stanley asked about yield breakup of international in terms of revenue in 1Q and 2Q. Sanjay Kumar CRO said that it\u2019s difficult to give the breakup but on revenue, INDIGO is seeing strong demand in the marketplace. INDIGO also continues to see that it will be able to maintain yield and RASK going forward.<\/li>\n<\/ul>\n<ul>\n<li>[00:13:29] Binay Singh from Morgan Stanley enquired about the capacity guidance for FY24 over FY23. Pieter Elbers CEO replied that this is the second consecutive quarter that INDIGO is back to a capacity level that\u2019s higher than pre-COVID levels. And this is expected to continue going forward.<\/li>\n<\/ul>\n<ul>\n<li>[00:18:26] \u00a0Lokesh Garg of Credit Suisse asked about International ambitions, if it means more destinations, more frequency and what percentage of flying currently is international in ASK terms. Pieter Elbers CEO answered that today about 25% of INDIGO flying is International. INDIGO expects this number to go up as some markets are still closed like China.<\/li>\n<\/ul>\n<ul>\n<li>[00:19:32] Ashish Shah with Centrum Broking asked about asset utilization that in the peak daily utilization was about 12.5-13 hrs and if it\u2019s sustainable going forward. Pieter Elbers CEO clarified that the company is not giving any new guidance today but is using the assets to the maximum of its ability.<\/li>\n<\/ul>\n<ul>\n<li>[00:20:55] Ashish Shah with Centrum Broking asked about the Cargo business outlook going forward. Gaurav Negi CFO replied that it\u2019s a little too early to tell. But added that the belley cargo has done well and also there has been incremental growth.<\/li>\n<\/ul>\n<ul>\n<li>[00:21:39] Ashish Shah with Centrum Broking enquired that after the fare regulations were taken out what was the change in behavior in market. Gaurav Negi CFO answered that there was not much of impact. 2Q yield was only about 3% down compared to 1Q. So it\u2019s fair to say that sales and yields are holding up.<\/li>\n<\/ul>\n<ul>\n<li>[00:23:50] Pulkit Patni from Goldman Sachs asked that in the recent negotiations, given how interest rates are moving, what\u2019s the outlook for the lease cost of new fleet. Gaurav Negi CFO replied that large part of the current fleet is on a fixed rate, so there\u2019s not going to be any impact due to interest rate. Any new lease needs to be assessed between fixed or float.<\/li>\n<\/ul>\n<ul>\n<li>[00:34:07] Deepika Mundra with JP Morgan asked about the medium term outlook on maintenance cost on the aircraft. Pieter Elbers CEO replied that it\u2019s little premature to give expectations about maintenance cost going forward.<\/li>\n<\/ul>\n<ul>\n<li>[00:35:50] Vipul Garg from Kotak Mahindra enquired that despite the planes being same in 2Q22 and 2Q23, there\u2019s a substantial change in finance cost. \u00a0Gaurav Negi CFO said that it\u2019s largely driven by forex related impacts, which is going up significantly.<\/li>\n<\/ul>\n<ul>\n<li>[00:42:40] \u00a0Krupa Shanker NJ from Spark Capital asked about employee cost and if a further revision is expected over the medium term. Gaurav Negi CFO answered that INDIGO\u2019s focus now is on pushing up capacity so on a unit level the number will move based on where the capacity settles. So on a unit level, it\u2019s going to stabilize at this level.<\/li>\n<\/ul>\n<ul>\n<li>[00:54:43] \u00a0Binay Singh from Morgan Stanley enquired about operating leverage, and 2Q23 hour utilization rate, if it has gone back to normal levels. Gaurav Negi CFO answered that INDIGO won\u2019t want to share that but added that utilization levels have been higher for INDIGO and they continue to improve as the focus is on putting more capacity.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from InterGlobe Aviation Limited (INDIGO) Q2 FY23 Earnings Concall Q&amp;A Highlights: [00:13:10] Binay Singh from Morgan Stanley asked about yield breakup of international in terms of revenue in 1Q and 2Q. Sanjay Kumar CRO said that it\u2019s difficult to give the breakup but on revenue, INDIGO is seeing strong demand in the marketplace. [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"InterGlobe Aviation Limited Q2 FY23 Earnings Conference Call Insights #INDIGO #Q2 #FY23 #Earnings #Stocks","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,392,5753],"tags":[212,8142,10169],"class_list":["post-135725","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-industrials","tag-airlines","tag-aviation","tag-earnings"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":130192,"url":"https:\/\/alphastreet.com\/india\/interglobe-aviation-limited-q4-fy22-earnings-conference-call-insights\/","url_meta":{"origin":135725,"position":0},"title":"InterGlobe Aviation Limited Q4 FY22 Earnings Conference Call Insights","author":"Praveen","date":"May 26, 2022","format":false,"excerpt":"https:\/\/youtu.be\/-gVonBsztsI Key highlights from InterGlobe Aviation Limited (INDIGO) Q4 FY22 Earnings Concall Management Update: INDIGO said it swung from a profitable 3Q22 to a loss-making 4Q22 because of about 15% higher fuel prices and on 11% lower capacity due to Omicron and a lower RASK of 2.9%. In 1Q23, INDIGO\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":127050,"url":"https:\/\/alphastreet.com\/india\/interglobe-aviation-limited-q3-fy22-earnings-conference-call-insights\/","url_meta":{"origin":135725,"position":1},"title":"InterGlobe Aviation Limited Q3 FY22 Earnings Conference Call Insights","author":"Praveen","date":"February 7, 2022","format":false,"excerpt":"https:\/\/www.youtube.com\/watch?v=fVPq7FAPw6A Key highlights from InterGlobe Aviation Limited (INDIGO) Q3 FY22 Earnings Concall Management Update: INDIGO said the decline in COVID cases and removal of capacity restrictions resulted in buoyant traffic numbers. The company added capacity to take advantage of the ongoing recovery, which culminate into a profitable quarter. Q&A Highlights:\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":146705,"url":"https:\/\/alphastreet.com\/india\/interglobe-aviation-limited-q4-fy23-earnings-conference-call-insights\/","url_meta":{"origin":135725,"position":2},"title":"InterGlobe Aviation Limited Q4 FY23 Earnings Conference Call Insights","author":"Praveen","date":"May 19, 2023","format":false,"excerpt":"Key highlights from InterGlobe Aviation Limited (INDIGO) Q4 FY23 Earnings Concall Management Update: [00:16:36] INDIGO expects high mid-teens growth in 1Q24 vs. 1Q23 and aims to achieve north of mid-teens growth in FY24 vs. FY23. Q&A Highlights: [00:18:24] Binay Singh from Morgan Stanley asked about the profitability per fleet of\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":135696,"url":"https:\/\/alphastreet.com\/india\/interglobe-aviation-limited-q2-fy23-posted-a-net-loss-of-%e2%82%b91583-crore\/","url_meta":{"origin":135725,"position":3},"title":"InterGlobe Aviation Limited Q2 FY23; Posted A Net Loss Of \u20b91,583 Crore","author":"Hardik Bhandare","date":"November 4, 2022","format":false,"excerpt":"InterGlobe Aviation Limited (NSE: INDIGO) reported Q2FY23 Revenue, which increased to \u20b912,497.58 Crores from \u20b95,608.49 Crores, growth rate of 123% year on year. However, the Net Profit declined by 10% down to -\u20b91,583.33 Crores from -\u20b91,435.65 Crores year over year. The Earnings per share is -\u20b941.09 for this quarter.","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/9780ffbb-e886-4b85-9dc2-45db4f2dc33e-scaled.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/9780ffbb-e886-4b85-9dc2-45db4f2dc33e-scaled.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/9780ffbb-e886-4b85-9dc2-45db4f2dc33e-scaled.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/9780ffbb-e886-4b85-9dc2-45db4f2dc33e-scaled.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/9780ffbb-e886-4b85-9dc2-45db4f2dc33e-scaled.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/9780ffbb-e886-4b85-9dc2-45db4f2dc33e-scaled.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":166611,"url":"https:\/\/alphastreet.com\/india\/indigo-q3-2024-2025-call-highlights-navigating-forex-losses-capacity-growth-yield-moderation\/","url_meta":{"origin":135725,"position":4},"title":"INDIGO Q3 2024-2025 Call Highlights: Navigating Forex Losses, Capacity Growth &#038; Yield Moderation!","author":"Praveen","date":"January 28, 2025","format":false,"excerpt":"Interglobe Aviation Ltd., India's largest airline by market share operating under the brand IndiGo, in its Q3 earnings call mentioned that the company expects yields to moderate by low single digits year-on-year, with international Available Seat Kilometers (ASKs) now at 28% of total capacity. The company also reported a largely\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/07\/CC_Image_8.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/07\/CC_Image_8.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/07\/CC_Image_8.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/07\/CC_Image_8.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":142842,"url":"https:\/\/alphastreet.com\/india\/earnings-summary-of-interglobe-aviation-limited-for-q3-fy23\/","url_meta":{"origin":135725,"position":5},"title":"Earnings Summary Of InterGlobe Aviation Limited For Q3 FY23","author":"Hardik Bhandare","date":"February 27, 2023","format":false,"excerpt":"Interglobe Aviation Limited (NSE: INDIGO), operating under the brand name IndiGo, is the largest airline in India by passenger numbers and fleet size. The company was founded in 2006 by Rahul Bhatia of InterGlobe Enterprises and Rakesh Gangwal, a former CEO of US Airways. IndiGo's low-cost carrier model has helped\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/135725","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1767"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=135725"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/135725\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125416"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=135725"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=135725"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=135725"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}