Interglobe Aviation's Q3 financial results show strong growth and positive trends.

Interglobe Aviation, the parent company of India's largest airline IndiGo, has recently declared its financial results for the quarter ended December 2023. The company has shown a very positive performance in this quarter, with a score of 25 out of 30, as compared to 20 in the previous quarter.

One of the major highlights of the financial results is the significant growth in Profit Before Tax (PBT) and Profit After Tax (PAT). PBT has grown by 152.45% year on year, while PAT has grown by 110.7% year on year. This shows a strong and positive trend in the company's near term performance.

Another positive aspect is the Inventory Turnover Ratio, which has been consistently increasing in the last five half yearly periods. This indicates that the company has been able to sell its inventory at a faster rate.

In terms of sales, Interglobe Aviation has achieved its highest net sales of Rs 19,452.15 crore in the last five quarters, with a growth of 30.26% year on year. This shows a positive trend in the company's sales performance.

The company has also shown a strong operating profit (PBDIT) of Rs 5,149.34 crore in the last five quarters, indicating a positive trend in its near term performance.

However, there are some areas that need improvement, such as the rising interest cost, which has grown by 24.04% over the preceding nine months period. This signifies increased borrowings by the company.

Another concern is the increased non-operating income, which may not be sustainable in the long run. The company needs to focus on its core business activities for sustainable growth.

Overall, Interglobe Aviation has shown a strong financial performance in the quarter ended December 2023. With a 'Hold' call by MarketsMOJO, investors may consider holding onto their stocks in the company for now.