IndiGo Q4 Preview: Strong YoY earnings eyed, but sequential growth to falter after strong Q3

IndiGo is expected to post significant growth in earnings in the fourth quarter as compared to the previous year period. However, the sequential growth will likely be muted after a strong third quarter, albeit with a steady momentum. Net sales for the quarter could rise up to 75% year-on-year (YoY) to Rs 14,164 crore, according to an average estimate of five brokerages, mainly driven by a sharp improvement in passenger levels and an increase in overall yields.