IndiGo Q4 FY26 Results: ₹2,537 Crore Loss Despite Revenue Growth

InterGlobe Aviation Limited (IndiGo) reported a loss in the March quarter of FY26 even after a steady operational performance. On a consolidated basis, revenue from operations for Q4 FY26 stood at ₹22,438.4 crore, up 1.3% from ₹22,151.2 crore in Q4 FY25. Total income rose 2.3% year-on-year to ₹23,097.3 crore from ₹22,579.0 crore.

On 1 June 2026 at 12:11 pm, IndiGo’s shares were trading at ₹4,507.80 on the National Stock Exchange, up 2.33% on an intraday basis.

IndiGo’s Performance in Q4 FY26

Despite higher revenue, profitability came under pressure during the quarter.

The airline reported a consolidated net loss of ₹2,536.9 crore in Q4 FY26 compared with a profit of ₹3,067.5 crore in the corresponding quarter last year. The company said that excluding foreign exchange impact and exceptional items, profit for the quarter would have been ₹1,920.6 crore. It was still 35.6% less compared with ₹2,981.1 crore in Q4 FY25.

Earnings Before Interest, Taxes, Depreciation, Amortization, and Rent (EBITDAR) fell 67.9% year-on-year to ₹2,227.8 crore from ₹6,948.2 crore. EBITDAR margin also reduced sharply to 9.9% from 31.4% a year ago.

Operationally, IndiGo continued to expand capacity. Available Seat Kilometres (ASK) increased 3.4% year-on-year to 43.6 billion. However, passenger traffic declined 1.1% to 3.16 crore passengers from 3.20 crore a year ago.

A major pressure on earnings was the foreign exchange loss, which increased to ₹4,881.6 crore during the quarter compared with ₹1,116.9 crore a year earlier. The company also recorded an exceptional charge of ₹249.7 crore related to the implementation of new labour codes.

Full-FY26 Summary

For the full year, consolidated revenue from operations rose 5.1% to ₹84,961.9 crore from ₹80,803.1 crore in FY25. Passenger traffic increased 4.0% to 12.34 crore passengers, while capacity expanded 9.5% year-on-year.

The airline reported a consolidated net loss of ₹2,393.6 crore for FY26. Management noted that excluding foreign exchange impact and exceptional items, FY26 profit would have been ₹7,502.5 crore.

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IndiGo also reported cash on hand of ₹1,323.9 crore as well as additional bank balances of ₹22,675.4 crore, which indicates a sound liquidity position over the longer term.

Source:

Company Financial Result