The June-quarter loss, however, narrowed sharply from the ₹2,536 crore reported in the March quarter, reflecting an improvement in profitability on a sequential basis.
The airline’s revenue from operations rose 19.9% year-on-year to ₹24,584 crore from ₹20,496 crore, while total income increased 18.9% to ₹25,614 crore.
However, Earnings Before Interest, Taxes, Depreciation, Amortisation, and Restructuring or Rent costs (EBITDAR) declined 33.2% to ₹3,833 crore from ₹5,739 crore, with the EBITDAR margin narrowing to 15.6% from 28% a year ago.
Aircraft fuel expenses nearly doubled to ₹10,833 crore during the quarter from ₹5,833 crore a year ago, while total expenses climbed 34.4% to ₹25,853 crore. Foreign exchange loss narrowed to ₹83 crore from ₹147 crore in the year-ago period.
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Operationally, IndiGo expanded capacity, measured in available seat kilometres (ASK), by 2.9% year-on-year to 43.5 billion, while passenger traffic rose 0.7% to 31.3 million. Yield improved 21.3% to ₹6.04 per kilometre, although load factor slipped 1.3 percentage points to 83.3%.
Managing Director Rahul Bhatia said the June quarter was shaped by a volatile operating environment, with elevated fuel costs and network-related constraints in West Asia impacting profitability despite healthy demand. He said IndiGo served more than 31 million passengers during the quarter, supported by improved yields and continued customer preference.
“We remain focused on managing capacity prudently, maintaining cost discipline, and responding to market conditions with agility. However, the pressure of fuel costs and rupee depreciation resulted in a loss of around 2 billion rupees for the quarter,” Bhatia said, adding that the airline remains committed to strengthening its network and creating long-term value despite near-term uncertainties.
Looking ahead, IndiGo expects capacity in the September quarter to remain broadly flat year-on-year due to seasonally weaker demand and continued uncertainty affecting travel between India and West Asia. The airline expects aircraft utilisation to progressively improve beyond the weaker season.
IndiGo is India’s largest airline by scale and commands 65% of the domestic market. The carrier operates over 2,200 flights daily to 141 destinations, including 96 domestic and 45 international, using a fleet of 441 aircraft. It has also placed orders for more than 920 aircraft, with deliveries scheduled through 2035.
Shares of IndiGo ended 1.7% lower at ₹5,030 ahead of the Q1 results announcement on Thursday. The stock has gained nearly 7% over the last six months, while it has declined about 15% in the past one year.
