IndiGo Posts Net Loss of ₹2,537 Crore in Q4 2026, Revenue Sees 1% Growth

IndiGo Reports ₹2,537 Crore Net Loss in Q4 2026

InterGlobe Aviation, the parent company of IndiGo, has reported a consolidated net loss of ₹2,537 crore for the March quarter, a significant decline from the net profit of ₹3,067.5 crore in the corresponding period last year. Despite this, the airline's revenue from operations increased by 1% year-on-year to ₹22,438 crore from ₹22,152 crore.

The airline incurred a one-time charge of ₹250 crore during the March quarter, which impacted its reported profitability. However, IndiGo's EBITDA stood at ₹6,396 crore during the quarter, compared with ₹5,953 crore a year earlier. The EBITDA margin came in at 3.6% versus 27.5% in the year-ago period. Meanwhile, the EBITDAR margin improved to 28.5% from 26.9% in the corresponding quarter of the previous financial year.

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Operationally, IndiGo reported a 3.4% increase in capacity to 43.6 billion available seat kilometres (ASKs) during the quarter despite disruptions arising from the ongoing conflict in the Middle East. Passenger traffic, however, declined marginally by 1.1% to 31.6 million. Yield fell 2.2% to ₹5.20, while load factor declined by 1.7 percentage points to 85.8%, according to the company's stock exchange filing.

The stock ended 3.27% lower at ₹4,418.40 on BSE on Friday, 29 May.

In a related development, the airline announced that its board has approved the partial prepayment of the company's finance lease obligations to InterGlobe Aviation Financial Services IFSC Private Limited, a wholly-owned subsidiary, in one or more tranches for an aggregate amount of up to $450 million. The funds will be utilised by InterGlobe Aviation Financial Services IFSC Private Limited for the acquisition of aviation assets, including aircraft, aircraft engines and aircraft parts, thereby supporting IndiGo's long-term fleet ownership strategy.

Commenting on the performance, Rahul Bhatia, Managing Director of IndiGo, said that FY26 was marked by an exceptionally challenging operating environment, which materially impacted the company's profitability. Despite these conditions, the underlying performance of the business remained resilient. He added that during the year, the airline's capacity grew by 9.5% and total income increased by over 6%. Excluding the impact of foreign exchange and exceptional items, IndiGo delivered a profit of ₹7,500 crore. The airline maintains a strong balance sheet with substantial liquidity, demonstrating resilience through prolonged periods of volatility. The airline cited exceptionally sharp depreciation in the rupee, changes in labour laws and a challenging operating environment as factors that offset its operational profit during the year.

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