The stock ended 1.36 per cent lower at ₹4,430 as against a 23-points (0.03 per cent) 10100 gain in the benchmark BSE Sensex.
The selling also got exacerbated as the management commentary, post Q1FY25 results, highlighted that inflationary pressure could likely dent JulySeptember (Q2FY25) performance.
"While we are seeing solid demand in July, helping us keep the growth outlook guidance intact, expenses have been going up. Some of the states have increased value added tax (VAT) on aviation turbine fuel (ATF), while airport partners have jacked up airport charges due to inflationary cycle," the management highlighted in their post Q1FY25 earnings conference call.
This, analysts at Kotak Institutional Equities said, would limit the airline's ability to hike ticket prices much, thus, limiting its chances of expanding spread between cost and revenue in the near future.
この記事は Business Standard の July 30, 2024 版に掲載されています。
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この記事は Business Standard の July 30, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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