InterGlobe Aviation Ltd, operator of IndiGo, reported a consolidated net loss of ₹2,582 crore for the quarter ended September 2025, reversing a profit of ₹2,176 crore in the previous quarter.
The airline’s loss also widened from ₹987 crore in the same period last year.
The sharp decline was largely attributed to the impact of currency fluctuations. Excluding the foreign exchange loss, IndiGo said it would have posted a net profit of ₹104 crore.
EBITDAR (earnings before interest, tax, depreciation, amortisation, and rent) fell by more than half to ₹1,114 crore, compared with ₹2,434 crore a year earlier.
Despite the bottom-line pressure, operating performance showed resilience. Passenger ticket revenues rose 11.2% year-on-year to ₹15,967 crore, while ancillary revenues, which include add-ons like baggage fees and seat selection, increased 14% to ₹2,141 crore.
Analysts said the airline’s topline growth reflects strong passenger demand and network expansion, though profitability remains challenged by volatile forex movements and elevated fuel costs.
Shares of IndiGo’s parent, InterGlobe Aviation, ended marginally lower on Tuesday, with investors awaiting clearer signals on cost pressures and rupee trends in the coming quarters.
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