IndiGo Q1 results: Airline slips into ₹238 crore loss amid cost pressures; revenue rises 20% YoY

InterGlobe Aviation, the parent of India's largest airline IndiGo, on Thursday reported a consolidated net loss of ₹238 crore for the June quarter (Q1 FY27), compared with a net profit of ₹2,176.3 crore in the corresponding period last year.

The airline said its profitability during the quarter was impacted by a combination of higher fuel prices, adverse foreign exchange movements, and disruptions arising from the Middle East conflict.

Despite the loss, the company reported healthy growth in its top line. Total income rose to ₹25,614.1 crore in the June quarter from ₹21,542.6 crore in the year-ago period. However, the increase in revenue was offset by a sharp rise in operating expenses.

During the quarter, passenger ticket revenue increased 23% year-on-year to ₹21,878.6 crore, while ancillary revenue grew 13.9% to ₹2,453.4 crore, reflecting healthy demand and higher non-ticket income.

Overall, the company's total expenses increased 34% YoY during the quarter, weighing on earnings despite strong revenue growth.

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