Audited Financial results for the quarter and Financial Year ended March 31, 2026
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IndiGo reported a net loss of Rs 23,936 million for FY2026, a dramatic turnaround from a profit of Rs 72,584 million in FY2025. Revenue grew 5.1% to Rs 849,619 million from Rs 808,029 million. The loss was driven by exceptional items of Rs 17,964 million (including Rs 12,192 million from new labour codes implementation and Rs 5,772 million from December 2025 operational disruptions), plus significantly higher foreign exchange losses of Rs 89,757 million versus Rs 16,179 million last year. The Q4 standalone quarter also showed a loss of Rs 25,369 million versus profit of Rs 30,675 million in Q4 FY2025. The auditors issued an unmodified (clean) opinion. The company also announced partial prepayment of up to USD 450 million finance lease obligations to its wholly-owned subsidiary.
The shift from profit to significant loss, driven by one-time exceptional items and currency pressures, represents a material deterioration. While the revenue growth is modest and operating cash flows remain positive at Rs 234,699 million, the net loss and reduced equity base may weigh on the stock. Investors should monitor the competitive investigation and tax disputes for additional risk.