IndiGo Share Price Gains 3% on Nov 6 as Operational Performance Remains Steady in Q2 FY26 Results

InterGlobe Aviation Ltd (IndiGo), India’s largest airline, posted a consolidated net loss of ₹2,582 crore for the July–September quarter (Q2 FY26), more than doubling from ₹986.7 crore a year earlier. 

IndiGo Q2 FY26 Results

The airline’s results were impacted by a sharp increase in costs and significant foreign exchange losses on dollar-denominated obligations.

Excluding the forex impact, IndiGo reported a net profit of ₹104 crore, marking an improvement from the ₹754 crore loss in the same quarter last year.

IndiGo Revenue Rises

Revenue from operations increased 9.3% year-on-year to ₹18,555.3 crore, supported by higher passenger traffic and improved yields. Total income rose 10.4% to ₹19,599.5 crore, driven by steady capacity expansion and improved pricing.

However, total expenses climbed 18.3% to ₹22,081.2 crore, primarily due to currency fluctuations and higher operating costs.

Foreign exchange losses soared nearly 12 times to ₹2,892 crore, offsetting gains from lower fuel prices. While fuel costs declined 9.7% to ₹5,961.8 crore, non-fuel expenses surged 33.7% to ₹16,119.4 crore.

IndiGo Operational Metrics Remain Strong

IndiGo’s capacity (ASKs) rose 7.8%, and passenger numbers grew 3.6% to 28.8 million in Q2 FY26. The load factor stayed stable at 82.5%, and yield improved 3.2% to ₹4.69 per km.

The airline’s EBITDAR dropped sharply to ₹1,114 crore from ₹2,434 crore last year. However, excluding the forex impact, EBITDAR improved to ₹3,800 crore, with margins expanding to 20.5% from 15.7%.

IndiGo Fleet and Network Expansion

IndiGo ended September 2025 with a fleet of 417 aircraft and operated 2,244 flights daily at peak. The carrier currently serves 94 domestic and 41 international destinations.

The airline also reported total cash reserves of ₹53,515 crore, while total debt, including lease liabilities, stood at ₹74,814 crore.

InterGlobe Aviation Share Price Performance

InterGlobe Aviation Ltd shares were trading at ₹5,801, up ₹164 from the previous close of ₹5,637. The stock opened at ₹5,750 and touched a high of ₹5,804 and a low of ₹5,735.50.

InterGlobe Aviation Corporate Action History

For FY26, the company declared a ₹10 per share dividend with a record date of 13 August 2025 and face value of ₹10. Shareholders holding the stock in their demat account as of the record date were eligible to receive the dividend.

Read More: IndiGo Doubles Airbus A350-900 Orders, Solidifies Long-Haul Expansion Plans. 

Conclusion

The airline continues to focus on maintaining capacity and managing expenses, and its future performance will depend on cost trends, demand recovery, and currency movements in the coming quarters.

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