Key Takeaways from the Share Price Drop

• Revenue from operations increased by 13.6% YoY, indicating a rise in demand and operational activity.
• Total expenses rose 21.9% YoY due to heightened aircraft fuel and maintenance costs, which placed pressure on profitability.
• Following the results announcement, the stock price fell by 10% on October 28, reflecting investor concerns over the company’s financial performance.

For Q2 FY24, revenue from operations rose by 13.6% YoY, reaching ₹16,969.6 crores, up from ₹14,943.9 crores in Q2 FY23. Total income grew by 14.5% to ₹17,759.0 crores from ₹15,502.9 crores in the same quarter last year, reflecting increased operational activity.

However, total expenses surged 21.9% YoY, amounting to ₹18,666.1 crores, driven largely by higher aircraft fuel costs, rentals, and maintenance expenses. 

These increased costs resulted in a net loss of ₹986.7 crores, a stark contrast from the net profit of ₹18.9 crores reported in Q2 FY23, marking a decline of over 5,323.2%. Earnings Per Share (EPS) also dropped to (₹25.55) from ₹4.90 in Q2 FY23.

About Interglobe Aviation Limited (IndiGo)

Interglobe Aviation Ltd, or IndiGo, is India's largest passenger airline and operates as a low-cost carrier offering services to 86 destinations, including 24 international. IndiGo has adopted the strategy of ‘low fares, on-time flights, and courteous, hassle-free service’ and presents an unbundled, simple product to the customer. The airline was founded in August 2006 with just one aircraft and has now increased its fleet to 262 aircraft.

Key Takeaways from DLF's Q2 FY24 Financial Results

• Revenue from operations rose to ₹1,975.02 crores, reflecting strong business momentum.  
• Total expenses amounted to ₹1,604.22 crores, indicating effective cost management despite an increase from the previous year.
• Following the results, DLF’s stock saw a 5% increase, indicating investor confidence in the company’s performance.

For Q2 FY24, revenue from operations increased to ₹1,975.02 crores whereas the total income grew to ₹2,180.83 crores..

Despite some cost increases, total expenses were effectively managed, amounting to ₹1,604.22 crores, up from ₹1,012 crores in the previous year. This helped boost profitability. The company reported a profit before tax (PBT) of ₹576.61 crores and net profit after tax (PAT) reached 1381.22 crores.

About DLF Limited

DLF Ltd, along with its subsidiaries, associates, and joint ventures, is a leading real estate developer involved in land acquisition, project planning, construction, and marketing. The company also operates in leasing, power generation, maintenance services, hospitality, and recreational services, supporting its real estate business. With a presence in 22 cities across 14 states and union territories in India, DLF is a major player in the nation’s real estate sector.

Key Takeaways from DLF's Q2 FY24 Financial Results

• Revenue from operations rose to ₹1,975.02 crores, reflecting strong business momentum.  
• Total expenses amounted to ₹1,604.22 crores, indicating effective cost management despite an increase from the previous year.
• Following the results, DLF’s stock saw a 5% increase, indicating investor confidence in the company’s performance.

For Q2 FY24, revenue from operations increased to ₹1,975.02 crores whereas the total income grew to ₹2,180.83 crores..

Despite some cost increases, total expenses were effectively managed, amounting to ₹1,604.22 crores, up from ₹1,012 crores in the previous year. This helped boost profitability. The company reported a profit before tax (PBT) of ₹576.61 crores and net profit after tax (PAT) reached 1381.22 crores.

About DLF Limited

DLF Ltd, along with its subsidiaries, associates, and joint ventures, is a leading real estate developer involved in land acquisition, project planning, construction, and marketing. The company also operates in leasing, power generation, maintenance services, hospitality, and recreational services, supporting its real estate business. With a presence in 22 cities across 14 states and union territories in India, DLF is a major player in the nation’s real estate sector.

Key Takeaways from the Share Price Drop

• Revenue from operations increased by 13.6% YoY, indicating a rise in demand and operational activity.
• Total expenses rose 21.9% YoY due to heightened aircraft fuel and maintenance costs, which placed pressure on profitability.
• Following the results announcement, the stock price fell by 10% on October 28, reflecting investor concerns over the company’s financial performance.

For Q2 FY24, revenue from operations rose by 13.6% YoY, reaching ₹16,969.6 crores, up from ₹14,943.9 crores in Q2 FY23. Total income grew by 14.5% to ₹17,759.0 crores from ₹15,502.9 crores in the same quarter last year, reflecting increased operational activity.

However, total expenses surged 21.9% YoY, amounting to ₹18,666.1 crores, driven largely by higher aircraft fuel costs, rentals, and maintenance expenses. 

These increased costs resulted in a net loss of ₹986.7 crores, a stark contrast from the net profit of ₹18.9 crores reported in Q2 FY23, marking a decline of over 5,323.2%. Earnings Per Share (EPS) also dropped to (₹25.55) from ₹4.90 in Q2 FY23.

About Interglobe Aviation Limited (IndiGo)

Interglobe Aviation Ltd, or IndiGo, is India's largest passenger airline and operates as a low-cost carrier offering services to 86 destinations, including 24 international. IndiGo has adopted the strategy of ‘low fares, on-time flights, and courteous, hassle-free service’ and presents an unbundled, simple product to the customer. The airline was founded in August 2006 with just one aircraft and has now increased its fleet to 262 aircraft.