IndiGo reported a consolidated net profit of Rs 550 crore for the December quarter (Q3FY26), a decline of about 78 percent compared with Rs 2,449 crore in the same quarter last year. The company attributed the sharp fall in profit to exceptional expenses and operational disruptions, which also led to a nearly 4 percent decline in its share price.
On Friday, following the announcement of the December quarter results, IndiGo shares witnessed heavy selling pressure. On the BSE, the stock fell about 4 percent intraday to a low of Rs 4,724. The decline was attributed primarily to the sharp contraction in quarterly profit.
IndiGo parent InterGlobe Aviation reported that exceptional expenses during the quarter included Rs 969 crore related to the implementation of new labour laws, Rs 577 crore arising from operational disruptions, and an impact of Rs 1,035 crore due to currency movements on dollar-denominated liabilities.
The airline stated that excluding exceptional items and the foreign exchange impact, performance was considerably ber. After removing exceptional items, underlying net profit for the December quarter stood at Rs 3,131 crore, while profit after tax reached Rs 3,846 crore.
In the September quarter (Q2FY26), IndiGo had reported a loss of Rs 2,582 crore. The December quarter marked a recovery from that loss. Revenue on a quarter-on-quarter basis rose 26 percent to Rs 24,500 crore, although profit margins remained under pressure. PAT margin declined to 2.3 percent from 11.1 percent a year earlier.
IndiGo Chief Executive Officer Pieter Elbers said the airline faced large-scale operational disruptions between December 3 and December 5, during which several flights were cancelled, causing inconvenience to passengers. Despite these challenges, the airline carried around 3.2 crore passengers during the quarter.
