InterGlobe Aviation Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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IndiGo reported a consolidated net loss of Rs 23,936 million for FY2026, a sharp reversal from a net profit of Rs 72,584 million in FY2025, primarily driven by a massive Rs 89,757 million foreign exchange loss (vs Rs 16,179 million in FY2025) due to rupee depreciation. Revenue from operations grew 5.1% to Rs 849,619 million (FY2025: Rs 808,029 million). Exceptional items totaling Rs 17,964 million were recognised, consisting of Rs 12,192 million for new Indian labour codes implementation and Rs 5,772 million from the December 2025 operational disruptions that caused widespread flight cancellations. The Q4 standalone loss was Rs 21,018 million. The CFO declaration confirms an unmodified (clean) audit opinion from S.R. Batliboi & Co. LLP. The company also approved up to USD 450 million in partial prepayments to its wholly-owned subsidiary, InterGlobe Aviation Financial Services IFSC Private Limited, for aircraft asset acquisition. CEO Petrus Elbers resigned effective March 10, 2026, with William Walsh appointed as incoming CEO from August 2026.
The large forex loss and exceptional items drove a deep net loss for FY2026, but underlying revenue growth of ~5% and positive operating cash flow of Rs 234,699 million indicate operational resilience. The clean audit opinion and subsidiary financing for asset purchases are positive signals, though the leadership transition and Competition Commission of India (CCI) investigation into December 2025 cancellations add near-term uncertainty.