InterGlobe Aviation (IndiGo) reported a net loss of ₹986.7 crore, significantly higher than the expected loss of ₹194.9 crore. However, the airline’s revenue rose by 13.6% to ₹16,969.6 crore, surpassing the forecast of ₹16,790.4 crore. In terms of operational performance, the Earnings Before Interest, Taxes, Depreciation, Amortization, and Rent (EBITDAR) stood at ₹2,434 crore, which, while above expectations, represented a slight decline from last year’s figure of ₹2,446.5 crore. The EBITDAR margin decreased to 14.3%, down from 16.4% in the previous year, but still better than the anticipated 14%.
IDFC First Bank experienced a mixed performance, with its net interest income increasing by 21.2% to ₹4,787.9 crore. However, the bank’s net profit saw a dramatic decline of 73.3%, dropping to ₹200.7 crore. The gross non-performing assets (NPA) rose to 1.92%, up from 1.9% in June, indicating some strain in asset quality. On a more positive note, the net NPA improved to 0.47% from 0.59%. Retail gross NPA also increased to 1.57%, compared to 1.46% in June, while retail net NPA rose to 0.53% from 0.46%. The bank’s return on assets hit a 13-quarter low, with slippages rising to ₹2,030 crore, a 13-quarter high, leading to a slippage ratio of 3.71%, the highest in 10 quarters. Provisions surged by 74.2% from June and 227% year-on-year, totaling ₹1,731.9 crore.
Yes Bank showed a more optimistic trend, with a net interest income increase of 14.3% year-on-year to ₹2,200.4 crore. The bank reported a net profit of ₹553 crore, bolstered by a 16.25% rise in other income, which reached ₹1,406.6 crore. The gross NPA decreased to 1.6%, down from 1.7% in June, while the net NPA remained stable at 0.5%. Write-offs amounted to ₹645 crore, and slippages increased by 9% to ₹1,314 crore. Provisions for the bank were reported at ₹297.1 crore, showing a decline of 40.6% from the previous year but an increase of 40.3% sequentially.
Coal India faced challenges with its financial results, reporting net sales of ₹30,673 crore, which fell short of the expected ₹31,509 crore. The EBITDA was recorded at ₹8,618 crore, below the forecast of ₹9,512 crore, and the EBITDA margin decreased to 28.1% from 30.1% last year. Realisations dropped by 5.8% year-on-year, coming down to ₹1,623 per tonne from ₹1,723 per tonne. Additionally, the company’s net profit declined by 22%, amounting to ₹6,275 crore.
These results highlight varying trends across sectors, with significant losses for InterGlobe Aviation and IDFC First Bank facing notable challenges, while Yes Bank showed signs of recovery. Coal India’s struggles with reduced sales and profit margins indicate the ongoing pressures within the commodities sector.
