Wednesday, 06 Dec, 2023




DuPont Analysis of IndiGo (Inter Globe Aviation Ltd.) and SpiceJet: A Study of Domestic Airlines in India with the Help of Two-Tailed T-Test

International Journal of Business Analytics and Intelligence

Volume 8 Issue 2

Published: 2020
Author(s) Name: Ritu Priya | Author(s) Affiliation: Guru Nanak Khalsa College for Women, Ludhiana, Punjab, India.
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The aviation industry in India is one of the fastest growing industries in our economy. In the present paper, the performance of two domestic airlines, viz. IndiGo and SpiceJet, have been analysed with the help of DuPont analysis. Four ratios related to DuPont analysis have been used for the performance evaluation—profit margin, asset turnover ratio, equity multiplier, and return on equity (ROE will show the overall impact). The study is based on secondary data drawn from the annual reports of respective companies. Data of five years, i.e. 2012-13 to 2016-17, is analysed by calculating four ratios related to DuPont analysis. The statistical tool ‘two-tailed t-test’ has been used for evaluating the financial performance of these two companies. Data is analysed manually without using any software. The results show that the financial performance of IndiGo is better than SpiceJet.

Keywords: Aviation Industry, DuPont Analysis, Financial Performance, IndiGo, SpiceJet

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