InterGlobe Aviation Ltd, the parent company of IndiGo, saw its shares climb over 3% in early trade on November 6, following the release of its Q2 FY26 results. As of 9:20 am, IndiGo shares were trading at \u20b95,820 apiece.<\/p>\n
Despite reporting a sharp increase in quarterly losses, brokerages maintained a positive outlook on the airline\u2019s long-term performance.<\/p>\n
In the past month, IndiGo\u2019s stock has gained over 2%, while it rose more than 9% in the last six months. So far in 2025, the shares are up by over 26%, with a current P\/E ratio of above 32.<\/p>\n
For the July\u2013September 2025 quarter (Q2 FY26), IndiGo reported a consolidated net loss of \u20b92,582 crore, a nearly threefold increase from \u20b9986.7 crore in the same period last year. The company attributed the higher losses to cost escalation outpacing revenue growth.<\/p>\n
The net loss included foreign exchange impacts on dollar-denominated future obligations. However, excluding the forex effect, IndiGo recorded a net profit of \u20b9104 crore, compared to a \u20b9754 crore loss in the year-ago quarter.<\/p>\n
Revenue from operations grew 9.3% year-on-year to \u20b918,555.3 crore, driven by higher passenger traffic and improved yields. Meanwhile, total expenses surged 18.3% to \u20b922,081.2 crore, largely due to foreign exchange costs and higher operating expenses.<\/p>\n
The most significant expense component was foreign exchange losses, which rose 12 times to \u20b92,892 crore in Q2 FY26.<\/p>\n