IndiGo Posts ₹1,039 Million Profit Excluding Forex Impact in Q2 FY2026, Reports 10% Revenue Growth

InterGlobe Aviation Ltd. (“IndiGo”) announced its financial results for the second quarter ended September 30, 2025, reporting a 10% year-on-year increase in total revenue to ₹195,995 million. Driven by strong operational execution and optimized capacity deployment, the airline posted a net profit of ₹1,039 million (excluding forex impact), marking a turnaround from a net loss of ₹7,539 million in the same period last year.

CEO’s Statement

Mr. Pieter Elbers, Chief Executive Officer of IndiGo, said: “Our optimized capacity deployment has enabled us to deliver a 10% growth in topline revenue and, excluding the impact of currency movement, an operational profit of ₹104 crore as compared to an operational loss last year. As India’s aviation sector continues to grow and mature, we recognize the importance of structurally optimizing capacity during seasonally weaker periods to sustain profitability.

The quarter also had a very strong operational performance as IndiGo continues to lead the On-Time Performance charts, customer appreciation, and network expansion.

The year began with significant external challenges across the industry, but we saw stabilization in July and a strong recovery through August and September. Looking ahead, we have scaled up our operational plans for the second half to meet demand and continue driving growth. With that, we have nudged up our capacity guidance for the full financial year 2026 to early teens growth.”

Operational and Financial Highlights (Q2 FY2026 vs Q2 FY2025)

• Revenue from Operations: ₹185,553 million, up 9.3%

• Total Income: ₹195,995 million, up 10.4%

• Passenger Ticket Revenue: ₹159,667 million, up 11.2%

• Ancillary Revenue: ₹21,411 million, up 14.2%

• Capacity (ASK): Increased 7.8% to 41.2 billion

• Passengers Carried: 28.8 million, up 3.6%

• Yield: ₹4.69, up 3.2%

• Load Factor: 82.5%, flat year-on-year

• Fuel CASK: Decreased 16.3% to ₹1.45

• CASK ex-fuel ex-fx: Increased 3.9% to ₹3.01

EBITDAR Performance:

• Excluding forex impact: ₹38,003 million (20.5% margin)

• Including forex impact: ₹11,143 million (6.0% margin)

• Net Profit (Excluding Forex Impact): ₹1,039 million

• Net Loss (Including Forex Impact): ₹25,821 million

IndiGo attributed its improved performance to robust cost management, disciplined capacity deployment, and steady demand recovery, even as currency fluctuations adversely impacted reported earnings.

Cash and Debt Position (As of September 30, 2025)

• Total Cash Balance: ₹535,152 million

• Free Cash: ₹385,167 million

• Restricted Cash: ₹149,985 million

• Capitalized Operating Lease Liability: ₹496,514 million

• Total Debt (Including Lease Liability): ₹748,138 million

Network and Fleet Strength

As of September 30, 2025, IndiGo operated a fleet of 417 aircraft, comprising:

• 30 A320 CEOs (4 damp lease)

• 180 A320 NEOs

• 153 A321 NEOs

• 47 ATRs

• 3 A321 freighters

• 2 Boeing 777 (damp lease)

• 2 Boeing 787 (damp lease)

This marked a net addition of one passenger aircraft during the quarter. IndiGo operated at a peak of 2,244 daily flights, including non-scheduled operations, and provided scheduled services to 94 domestic and 41 international destinations.

Operational Performance (July–September 2025)

• Technical Dispatch Reliability: 99.89%

• On-Time Performance (OTP): 89.8% at six key metros

• Flight Cancellation Rate: 0.5%

• IndiGo continued to uphold its reputation as India’s most reliable airline, leading the industry in operational consistency and punctuality.

Future Capacity Outlook

• For the third quarter of FY2026, IndiGo expects capacity growth in the high teens (in terms of ASKs) compared to the corresponding quarter of FY2025, reflecting confidence in demand recovery and fleet readiness.

Awards and Accolades

• Named “Best Airline in India and South Asia” by Skytrax at the World Airline Awards 2025.

• Received the “ICONIC Excellence in Aviation – Best Domestic Airline” award at the 7th ICONIC Awards 2025.

These recognitions underscore IndiGo’s consistent focus on operational excellence, service quality, and customer satisfaction.