Interglobe Aviation's Q4 financial results show positive growth, but concerns remain.

Interglobe Aviation, the parent company of India's largest airline IndiGo, has recently declared its financial results for the quarter ended March 2024. The company has shown positive financial performance with a score of 18, which is a slight decrease from the previous quarter's score of 25.

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 127.17% year on year, while PAT has grown by 106.1% year on year. This shows a very positive trend in the company's near term performance.

Another positive aspect is the growth in Net Sales, which has increased by 25.88% year on year. This indicates a positive trend in the company's sales performance in the near term.

However, there are some areas that need improvement for Interglobe Aviation. The company's Non Operating Income, which is the income from non-business activities, is 38.39% of PBT. This indicates that a significant portion of the company's income is not from its core business, which may not be a sustainable business model in the long run.

Moreover, the Non Operating Income for the quarter is the highest in the last five quarters, which raises concerns about the sustainability of this trend.

In conclusion, Interglobe Aviation has shown positive financial performance in the quarter ended March 2024, with significant growth in PBT, PAT, and Net Sales. However, the company needs to address the issue of its high Non Operating Income and work towards a more sustainable business model. Based on these financial results, MarketsMOJO has given a 'Sell' call for Interglobe Aviation's stock.