IndiGo Q4 Results 2026: InterGlobe Aviation, the parent of IndiGo, reported a consolidated net loss of ₹2,537 crore for the March quarter, compared with a net profit of ₹3,067.5 crore in the corresponding period last year. Revenue from operations, however, rose 1% year-on-year to ₹22,438 crore from ₹22,152 crore.
During the March quarter, incurred a one-time charge of ₹250 crore, which impacted its reported profitability.
The airline’s EBITDA stood at ₹6,396 crore during the quarter, compared with ₹5,953 crore a year earlier, while EBITDA margin came in at 3.6% versus 27.5% in the year-ago period. Meanwhile, EBITDAR margin improved to 28.5% from 26.9% in the corresponding quarter of the previous financial year.
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. , 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.
FY26 Performance
For the full year FY26, Net profit excluding impact of exceptional items and forex amounted to ₹7502.5 crore compared to net profit excluding impact of exceptional items and forex of ₹8867.6 crore. Meanwhile, including exceptional items, net loss came in at ₹2393.6 crore, compared to net profit of ₹7258.4 crore in FY25. Revenue from Operations increased by 5.1% to ₹84,961.9 crore.
Capacity increased by 9.5% to 172.4 billion while passengers increased by 4.0% to 123.4 million against a seat growth of 5.2%, informed the airline. Also, yield decreased by 1.7% to ₹5.06 and load factor decreased by 1.6pts to 84.4%
Fundraise and Management commentary
The airline also 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.
According to the company, 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, “FY26 was marked by an exceptionally challenging operating environment, which materially impacted our profitability. Despite these conditions, the underlying performance of the business remained resilient.”
He added, “During the year, our 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. We continue to maintain a strong balance sheet with substantial liquidity, demonstrating resilience through prolonged periods of volatility.”
The airline said exceptionally sharp depreciation in the , changes in labour laws and a challenging operating environment offset its operational profit during the year.