# INDIGO (INDIGO) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/indigo

## Current market snapshot

- Exchange: BSE
- Country: India
- Price: ₹4,800.4
- Change: +0.11%
- As of: 2026-10-13
- 1D return: +0.11%
- 5D return: -4.95%
- 1M return: -3.47%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-10-13_

### Technical Outlook

As of October 13, 2026, the stock is in a developing bearish trend across daily and monthly timeframes, with price trading below key moving averages and the Supertrend indicator on both. The weekly timeframe presents a conflicting signal, showing price above the Supertrend but below moving averages, with a weak trend conviction (ADX 18.73). Recent market activity includes a high-participation, no-clear-direction event on October 9, preceded by a wide intraday range and significant volume with price movement on October 8 and 7, indicating heightened, albeit indecisive, activity.

The stock is positioned in the lower-middle part of its 20-day range (+26.9%) and near the lower end of its 50-day range (+12.3%), while being around the middle of its 252-day range (+43.6%). Annualized volatility stands at +31.3% with a current drawdown of -22.0%. The nearest resistance is at ₹4,825.1 (0.51% above current price), and the nearest support is at ₹4,752.0 (1.01% below current price). Confirmation of the bearish setup would involve a sustained move below ₹4,752.0, while a decisive break above ₹4,825.1 could signal a shift in momentum.

- Daily and monthly timeframes show a developing bearish trend, while the weekly timeframe is mixed.
- Trend conviction is developing on daily/monthly and weak on weekly, with price below key averages and Supertrend on daily/monthly.
- Annualized volatility is +31.3% with a current drawdown of -22.0%.
- Nearest resistance is ₹4,825.1 (0.51% above), and nearest support is ₹4,752.0 (1.01% below).
- A break below ₹4,752.0 would confirm the bearish setup, while a move above ₹4,825.1 could signal a shift.

- Bearish Engulfing Reversal
- Outside Bar
- Evening Star

### News Context

IndiGo experienced two significant operational events within the reporting period. On October 12, 2026, a power bank fire occurred on flight 6E 6115 from Delhi to Chennai, necessitating a diversion to Hyderabad. The cabin crew managed the situation, and all 180 passengers and seven crew members were unharmed. This incident prompted a discussion on Directorate General of Civil Aviation (DGCA) rules regarding the carriage of lithium batteries on flights. Separately, on October 13, 2026, IndiGo announced the cancellation of flights to Saudi Arabia until October 17, 2026, due to the extended closure of Riyadh Airport following Houthi missile attacks. The airline advised passengers to check their flight status.

- October 12, 2026: IndiGo flight 6E 6115 diverted to Hyderabad after a passenger's power bank caught fire mid-air; all passengers and crew were safe.
- October 12, 2026: The power bank incident led to a review of DGCA regulations concerning the transport of lithium batteries on aircraft.
- October 13, 2026: IndiGo cancelled flights to Saudi Arabia through October 17, 2026, citing the closure of Riyadh Airport due to Houthi attacks.

- [IndiGo Cancels Saudi Flights Till Oct 17 After Houthi Attacks](https://www.deccanchronicle.com/nation/world/indigo-cancels-saudi-flights-till-oct-17-after-houthi-attacks-1995428)
- [Indigo Delhi-Chennai flight fire: what are the rules for carrying power banks on planes](https://www.thehindu.com/news/national/indigo-delhi-chennai-flight-fire-what-are-the-rules-for-carrying-power-banks-on-flights/article71573909.ece)
- [Power bank catches fire mid-air on IndiGo's Delhi-Chennai flight](https://www.rediff.com/news/report/power-bank-catches-fire-mid-air-on-indigos-delhi-chennai-flight/20261012.htm)
- [Passenger's device starts smoking, flight diverted](https://timesofindia.indiatimes.com/india/passengers-device-starts-smoking-flight-diverted/articleshow/134879740.cms)
- [How a power bank forced Chennai-bound IndiGo flight to divert to Hyderabad | Today News](https://www.livemint.com/news/india/how-a-power-bank-forced-chennai-bound-indigo-flight-to-divert-to-hyderabad-11791741412693.html)

### What Changed

IndiGo has announced the cancellation of its flights to Saudi Arabia until October 17, 2026. This decision follows an extension of the Riyadh Airport closure, attributed to Houthi missile attacks. The airline is advising passengers to verify their flight status. The company's common name is IndiGo, and it is listed on the BSE. This development represents a recent change compared to the continuing context of the company's operations.

- IndiGo cancels Saudi flights until October 17, 2026, due to Riyadh Airport closure amid Houthi attacks.
- Airline advises passengers to check flight status for affected services.

- [IndiGo Cancels Saudi Flights Till Oct 17 After Houthi Attacks](https://www.deccanchronicle.com/nation/world/indigo-cancels-saudi-flights-till-oct-17-after-houthi-attacks-1995428)

### Official Filings

InterGlobe Aviation Limited (IndiGo) has provided updates on several fronts. On October 8, 2026, the company confirmed that all its securities are held in dematerialized form, with no rematerialization requests received for the quarter ended September 30, 2026. This aligns with SEBI (Depositories and Participants) Regulations, 2018.

In preparation for its financial results announcement, the company closed its trading window from October 1, 2026, which will remain shut for 48 hours after the declaration of unaudited financial results for the quarter and half-year ending September 30, 2026.

Regarding financial standing, CRISIL Ratings maintained its long-term rating at 'CRISIL AA-/Watch Developing' and short-term rating at 'CRISIL A1+/Watch Developing' on the company's ₹9,000 crore bank facilities as of September 25, 2026. This watch is attributed to the uncertain impact of the West Asia conflict on fuel prices (crude oil over $105/barrel as of September 2026), foreign exchange volatility (rupee at ₹95.8/USD as of September 15, 2026), and potential international operational disruptions. While operating income rose 20% year-on-year to ₹24,584 crore in Q1 FY2027, the Ebitdar margin (excluding forex) moderated to 15.9% from 27.4% a year prior, with fuel expenses increasing to 44% of operating income from 28.5%.

Separately, on August 18, 2026, the company was notified of a penalty of ₹19,65,736 imposed by the Assistant Commissioner of State Tax, Noida, for alleged document deficiencies during goods transportation. IndiGo disputes this order, considering it erroneous, and intends to contest it, stating that management does not expect a significant financial or operational impact.

- On October 8, 2026, InterGlobe Aviation confirmed its securities are in dematerialized form as per SEBI regulations for the quarter ended September 30, 2026.
- The company's trading window closed on October 1, 2026, and will reopen 48 hours after the announcement of Q2 FY2027 financial results.
- As of September 25, 2026, long-term and short-term credit ratings remain on 'Watch Developing' due to geopolitical and forex risks, with crude oil prices exceeding $105/barrel and the rupee at ₹95.8/USD.
- For Q1 FY2027, operating income increased by 20% to ₹24,584 crore, but the Ebitdar margin (ex-forex) decreased to 15.9% due to higher fuel costs.
- On August 18, 2026, a penalty of ₹19,65,736 was imposed for alleged document deficiencies, which the company plans to contest, expecting no significant financial impact.

- [InterGlobe Aviation Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018 |SUBJECT: Certificate under SEBI (Depositories and Participants) Regulations, 2018](https://nsearchives.nseindia.com/corporate/Indigo1_08102026144759_Disclosure_Reg_74_5_.pdf)
- [InterGlobe Aviation Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 |SUBJECT: Trading Window](https://nsearchives.nseindia.com/corporate/Indigo1_25092026172920_Intimation_-_Closure_of_Trading_Window_-_Signed.pdf)
- [InterGlobe Aviation Limited has informed the Exchange about Closure of Trading Window |SUBJECT: Trading Window-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_13226_WebXMLFile_20260925_175053007.xml)
- [InterGlobe Aviation Limited has informed the Exchange about Credit Rating |SUBJECT: Credit Rating](https://nsearchives.nseindia.com/corporate/Indigo1_25092026193740_Disclosure_CreditRating.pdf)
- [InterGlobe Aviation Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 20, 2026 |SUBJECT: Shareholders meeting](https://nsearchives.nseindia.com/corporate/Indigo1_20082026193128_SE_AGM_Proceedings.pdf)
- [InterGlobe Aviation Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 20, 2026. Further, the company has informed the Exchange regarding voting results. |SUBJECT: Shareholders meeting](https://nsearchives.nseindia.com/corporate/Indigo1_20082026194656_Voting_Results_Scrutiniser_Report.pdf)
- [MEETING DATE : 20-AUG-2026](https://nsearchives.nseindia.com/corporate/xbrl/RESULT_VOTING_1716572_20082026074902_WEB.xml)
- [INTERGLOBE AVIATION LIMITED has informed the Exchange about Action(s) taken or orders passed (sub-para 20) |SUBJECT: Actions initiated/taken or orders passed-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/AIATOP_13226_WebXMLFile_20260819_112930624.xml)
- [InterGlobe Aviation Limited has informed the Exchange about Action(s) taken or orders passed |SUBJECT: Action(s) taken or orders passed](https://nsearchives.nseindia.com/corporate/Indigo1_18082026194312_LoDR_-_Detention_Order_.pdf)
- [https://nsearchives.nseindia.com/corporate/Indigo1_03082026124046_SE_Disclosure_-_CEO_effective_date.pdf](https://nsearchives.nseindia.com/corporate/Indigo1_03082026124046_SE_Disclosure_-_CEO_effective_date.pdf)

### Fundamentals

IndiGo's recent financial disclosures indicate a sequential improvement in its net loss, narrowing from ₹2,536.90 crore in Q4 FY2025-26 to ₹238 crore in Q1 FY2026-27. This improvement was driven by a sequential increase in revenue from operations to ₹24,584.10 crore in Q1 FY2026-27, coupled with a slight decrease in expenses to ₹25,852.50 crore from ₹25,932.50 crore in the prior quarter. Despite the reduced net loss, the company reported a loss before tax of ₹238.40 crore for Q1 FY2026-27, an improvement from the ₹2,351.70 crore loss in Q4 FY2025-26. Finance costs, however, saw a sequential increase to ₹1,565.30 crore in Q1 FY2026-27 from ₹1,484.60 crore in Q4 FY2025-26. The company's balance sheet shows a significant increase in borrowings from ₹51,280 crore in March 2024 to ₹77,749 crore by March 2026, while equity capital remained relatively stable at ₹386-387 crore over the same period. Fixed assets and investments have also grown substantially. The most important checkpoint for the next reporting period will be the sustainability of revenue growth and the ability to convert this into operating profit, given the rising finance costs and overall net loss.

- Net loss narrowed sequentially to ₹238 crore in Q1 FY2026-27 from ₹2,536.90 crore in Q4 FY2025-26.
- Revenue from operations increased sequentially to ₹24,584.10 crore in Q1 FY2026-27, while expenses saw a marginal decrease.
- Borrowings have increased to ₹77,749 crore by March 2026, while equity capital remained stable.
- Monitoring the conversion of revenue growth into operating profit and the trend in finance costs will be crucial for the next reporting period.

### Bull Case

The company's weekly technical trend indicates a bullish signal, with the Supertrend direction noted as bullish. Additionally, the weekly trend shows a positive Simple Moving Average (SMA) 20 slope of 122.34. The stock has experienced a positive return of +8.4% over the last six months. Nearest support is observed at ₹4752.0, which is 1.01% below the current price.

- Weekly Supertrend direction is bullish.
- Weekly SMA 20 slope is +122.34.
- Six-month return is +8.4%.
- Nearest support level is ₹4752.0.

- [IndiGo Cancels Saudi Flights Till Oct 17 After Houthi Attacks](https://www.deccanchronicle.com/nation/world/indigo-cancels-saudi-flights-till-oct-17-after-houthi-attacks-1995428)
- [Indigo Delhi-Chennai flight fire: what are the rules for carrying power banks on planes](https://www.thehindu.com/news/national/indigo-delhi-chennai-flight-fire-what-are-the-rules-for-carrying-power-banks-on-flights/article71573909.ece)
- [Power bank catches fire mid-air on IndiGo's Delhi-Chennai flight](https://www.rediff.com/news/report/power-bank-catches-fire-mid-air-on-indigos-delhi-chennai-flight/20261012.htm)
- [Passenger's device starts smoking, flight diverted](https://timesofindia.indiatimes.com/india/passengers-device-starts-smoking-flight-diverted/articleshow/134879740.cms)
- [How a power bank forced Chennai-bound IndiGo flight to divert to Hyderabad | Today News](https://www.livemint.com/news/india/how-a-power-bank-forced-chennai-bound-indigo-flight-to-divert-to-hyderabad-11791741412693.html)
- [InterGlobe Aviation Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018 |SUBJECT: Certificate under SEBI (Depositories and Participants) Regulations, 2018](https://nsearchives.nseindia.com/corporate/Indigo1_08102026144759_Disclosure_Reg_74_5_.pdf)
- [InterGlobe Aviation Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 |SUBJECT: Trading Window](https://nsearchives.nseindia.com/corporate/Indigo1_25092026172920_Intimation_-_Closure_of_Trading_Window_-_Signed.pdf)
- [InterGlobe Aviation Limited has informed the Exchange about Closure of Trading Window |SUBJECT: Trading Window-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_13226_WebXMLFile_20260925_175053007.xml)
- [InterGlobe Aviation Limited has informed the Exchange about Credit Rating |SUBJECT: Credit Rating](https://nsearchives.nseindia.com/corporate/Indigo1_25092026193740_Disclosure_CreditRating.pdf)
- [InterGlobe Aviation Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 20, 2026 |SUBJECT: Shareholders meeting](https://nsearchives.nseindia.com/corporate/Indigo1_20082026193128_SE_AGM_Proceedings.pdf)

### Bear Case

Recent operational disruptions have impacted IndiGo's flights. The airline has cancelled Saudi flights until October 17, 2026, due to the closure of Riyadh Airport following Houthi missile attacks. Additionally, there have been multiple instances of passenger electronic devices, specifically power banks, catching fire on flights, leading to diversions. One such incident on a Delhi-Chennai flight on a Sunday required diversion to Hyderabad, with the cabin crew extinguishing the fire. This marks the third reported incident of this nature on an IndiGo aircraft within approximately one year. Technically, the stock exhibits a bearish trend on daily and monthly timeframes, with the daily Exponential Moving Average (EMA) 20 slope at -51.06 and the Simple Moving Average (SMA) 50 slope at -38.94. The stock has experienced a -17.1% return over the past year and a -8.2% return over the last three months. Current drawdown stands at -22.0%, with a maximum drawdown of -35.9%.

- Saudi flights cancelled until October 17, 2026, due to Riyadh Airport closure.
- Multiple power bank fires reported on IndiGo flights, leading to diversions.
- Year-to-date return is -6.1%, with a one-year return of -17.1%.
- Current drawdown is -22.0%, with a maximum drawdown of -35.9%.
- Daily and monthly technical trends are indicated as bearish.

- [IndiGo Cancels Saudi Flights Till Oct 17 After Houthi Attacks](https://www.deccanchronicle.com/nation/world/indigo-cancels-saudi-flights-till-oct-17-after-houthi-attacks-1995428)
- [Indigo Delhi-Chennai flight fire: what are the rules for carrying power banks on planes](https://www.thehindu.com/news/national/indigo-delhi-chennai-flight-fire-what-are-the-rules-for-carrying-power-banks-on-flights/article71573909.ece)
- [Power bank catches fire mid-air on IndiGo's Delhi-Chennai flight](https://www.rediff.com/news/report/power-bank-catches-fire-mid-air-on-indigos-delhi-chennai-flight/20261012.htm)
- [Passenger's device starts smoking, flight diverted](https://timesofindia.indiatimes.com/india/passengers-device-starts-smoking-flight-diverted/articleshow/134879740.cms)
- [How a power bank forced Chennai-bound IndiGo flight to divert to Hyderabad | Today News](https://www.livemint.com/news/india/how-a-power-bank-forced-chennai-bound-indigo-flight-to-divert-to-hyderabad-11791741412693.html)
- [InterGlobe Aviation Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018 |SUBJECT: Certificate under SEBI (Depositories and Participants) Regulations, 2018](https://nsearchives.nseindia.com/corporate/Indigo1_08102026144759_Disclosure_Reg_74_5_.pdf)
- [InterGlobe Aviation Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 |SUBJECT: Trading Window](https://nsearchives.nseindia.com/corporate/Indigo1_25092026172920_Intimation_-_Closure_of_Trading_Window_-_Signed.pdf)
- [InterGlobe Aviation Limited has informed the Exchange about Closure of Trading Window |SUBJECT: Trading Window-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_13226_WebXMLFile_20260925_175053007.xml)
- [InterGlobe Aviation Limited has informed the Exchange about Credit Rating |SUBJECT: Credit Rating](https://nsearchives.nseindia.com/corporate/Indigo1_25092026193740_Disclosure_CreditRating.pdf)
- [InterGlobe Aviation Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 20, 2026 |SUBJECT: Shareholders meeting](https://nsearchives.nseindia.com/corporate/Indigo1_20082026193128_SE_AGM_Proceedings.pdf)

### FAQs

**What recent operational events have impacted IndiGo?**

IndiGo cancelled Saudi flights until October 17, 2026, due to the extension of the Riyadh Airport closure following Houthi missile attacks. Additionally, an IndiGo flight from Delhi to Chennai was diverted to Hyderabad on a Sunday after a passenger's power bank caught fire in the overhead bin. The cabin crew extinguished the fire, and all 180 passengers and seven crew members were unharmed. This was reportedly the third such incident on an IndiGo aircraft in about a year.

**What is IndiGo's current credit rating and what factors are influencing it?**

As of September 25, 2026, CRISIL Ratings maintained IndiGo's long-term rating at 'CRISIL AA-/Watch Developing' and its short-term rating at 'CRISIL A1+/Watch Developing' on its ₹9,000 crore bank facilities. This rating watch is due to the uncertain impact of the escalating West Asia conflict on the company's business and financial risk profiles. Key concerns include elevated aviation turbine fuel prices (over $105/barrel as of September 2026), foreign exchange volatility (rupee at ₹95.8/USD as of September 15, 2026), and potential disruptions to international operations.

**What has been IndiGo's recent stock performance and what are the key technical indicators?**

As of October 13, 2026, IndiGo's stock has shown a -17.1% return over the past year and a -6.1% year-to-date return. The stock's closing price was ₹4800.4 on this date. Daily technical indicators suggest a bearish trend with an ADX of 20.07 and a Supertrend direction of 'bearish'. Weekly indicators show a 'bullish' Supertrend direction, while monthly indicators are also 'bearish'. Nearest support levels are at ₹4752.0 and ₹4709.0, with resistance levels at ₹4825.1 and ₹4868.1.

**What are the recent regulatory and corporate governance announcements from IndiGo?**

IndiGo announced a closure of its trading window for dealing in company shares from October 1, 2026, until 48 hours after the declaration of unaudited financial results for the quarter and half-year ending September 30, 2026. This is in accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015. The company also confirmed on October 8, 2026, that all its securities are held in dematerialized form, with no rematerialization requests received for the quarter ended September 30, 2026.

- [IndiGo Cancels Saudi Flights Till Oct 17 After Houthi Attacks](https://www.deccanchronicle.com/nation/world/indigo-cancels-saudi-flights-till-oct-17-after-houthi-attacks-1995428)
- [Indigo Delhi-Chennai flight fire: what are the rules for carrying power banks on planes](https://www.thehindu.com/news/national/indigo-delhi-chennai-flight-fire-what-are-the-rules-for-carrying-power-banks-on-flights/article71573909.ece)
- [Power bank catches fire mid-air on IndiGo's Delhi-Chennai flight](https://www.rediff.com/news/report/power-bank-catches-fire-mid-air-on-indigos-delhi-chennai-flight/20261012.htm)
- [Passenger's device starts smoking, flight diverted](https://timesofindia.indiatimes.com/india/passengers-device-starts-smoking-flight-diverted/articleshow/134879740.cms)
- [How a power bank forced Chennai-bound IndiGo flight to divert to Hyderabad | Today News](https://www.livemint.com/news/india/how-a-power-bank-forced-chennai-bound-indigo-flight-to-divert-to-hyderabad-11791741412693.html)
- [InterGlobe Aviation Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018 |SUBJECT: Certificate under SEBI (Depositories and Participants) Regulations, 2018](https://nsearchives.nseindia.com/corporate/Indigo1_08102026144759_Disclosure_Reg_74_5_.pdf)
- [InterGlobe Aviation Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 |SUBJECT: Trading Window](https://nsearchives.nseindia.com/corporate/Indigo1_25092026172920_Intimation_-_Closure_of_Trading_Window_-_Signed.pdf)
- [InterGlobe Aviation Limited has informed the Exchange about Closure of Trading Window |SUBJECT: Trading Window-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_13226_WebXMLFile_20260925_175053007.xml)
- [InterGlobe Aviation Limited has informed the Exchange about Credit Rating |SUBJECT: Credit Rating](https://nsearchives.nseindia.com/corporate/Indigo1_25092026193740_Disclosure_CreditRating.pdf)
- [InterGlobe Aviation Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 20, 2026 |SUBJECT: Shareholders meeting](https://nsearchives.nseindia.com/corporate/Indigo1_20082026193128_SE_AGM_Proceedings.pdf)
## Technical analytics

- As of: 2026-10-13
- Daily trend: Moderate Downtrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹4,825.1
- Risk regime: Price Risk Requires Attention

### Support levels
- 4700
- 4296.275
- 4166.90625

### Resistance levels
- 5189.80302734375
- 5313.75
- 5541.712890625

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +0.11% |
| return_10 | -1.52% |
| return_1m | -3.47% |
| return_1y | -17.06% |
| return_20 | -3.47% |
| return_3m | -8.21% |
| return_5 | -4.95% |
| return_6m | +8.43% |
| return_since_start | +4.45% |
| return_ytd | -6.07% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -35.94% |
| annualized_volatility | +31.31% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Revenue Reaches a New High, but Expenses Rise Faster, Resulting in a Quarterly Loss; Loss Narrows from Previous Quarter

InterGlobe Aviation (IndiGo) reported its highest quarterly revenue in the first quarter of fiscal 2026‑27, but expenses grew at a faster pace than revenue over the year, leaving the company in a net loss of ₹238 crore. The loss was considerably smaller than the ₹2,536.90 crore loss in the previous quarter, and contrasts with a net profit of ₹2,176.30 crore in the same quarter last year.

## Revenue Hits a Record

Revenue from operations reached ₹24,584.10 crore, an increase of 9.6% from the previous quarter (₹22,438.40 crore) and 19.9% from the same quarter a year ago (₹20,496.30 crore). This quarter’s revenue is the highest among the five quarters shown.

## Expenses Continue to Outpace Revenue Growth

Total expenses stood at ₹25,852.50 crore, nearly unchanged from the previous quarter (‑0.3% compared with ₹25,932.50 crore). However, expenses increased 34.4% from ₹19,231.90 crore in the same quarter last year, far outpacing the 19.9% rise in revenue over the same period. This gap turned last year’s profit into a loss.

## Profitability: Loss Narrows from the Previous Quarter

Profit before tax was a loss of ₹238.40 crore. That compares with a loss of ₹2,351.70 crore in the previous quarter and a profit of ₹2,310.70 crore in the same quarter last year.

Net loss for the quarter was ₹238 crore, a sharp reduction from the ₹2,536.90 crore loss in the prior quarter, but a swing from the ₹2,176.30 crore net profit recorded a year ago. The year‑over‑year deterioration reflects expenses growing faster than revenue.

## Finance Costs Add to Expense Pressure

Finance costs rose to ₹1,565.30 crore, up 5.4% from the previous quarter (₹1,484.60 crore) and up 12.1% from the same quarter last year (₹1,396.10 crore). The increase contributed to the higher total expense base.

## Small Tax Benefit

Tax expense was a negative ₹0.04 crore (a tax benefit of ₹40 lakh), compared with a tax expense of ₹185.20 crore in the previous quarter and ₹134.40 crore in the same quarter last year. This minimal benefit slightly reduced the net loss relative to the pre‑tax loss.

## Key Takeaway

The quarter’s record revenue was overshadowed by sharply higher expenses compared to the same period last year, keeping the company in a loss. The loss, however, narrowed considerably from the large loss in the previous quarter. The divergence between revenue growth and expense growth remains the central driver of quarterly profitability.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q1
- As of: 2026-06-30
- Promoter holding: +41.57%
- FII holding: +20.32%
- DII holding: +31.85%
- Mutual fund holding: +24.28%
- Retail holding: +3.12%
- Promoter pledged: +0.00%

### Major reported shareholders

- INTERGLOBE ENTERPRISES PRIVATE LIMITED — +35.69% (Bodies Corporate)
- ICICI PRUDENTIAL TRANSPORTATION AND LOGISTICS FUND — +5.25%
- RAKESH GANGWAL — +4.53%
- HDFC TRUSTEE COMPANY LIMITED - HDFC TAX SAVERFUND — +4.22%
- SBI ARBITRAGE OPPORTUNITIES FUND — +3.41%
- GOVERNMENT OF SINGAPORE — +2.12%
- NPS TRUST- A/C ICICI PRUDENTIAL PENSION FUND SCHEM — +2.05%
- WESTBRIDGE AIF I — +1.92%
- INVESCO INDIA FOCUSED FUND — +1.54%
- KOTAK MAHINDRA TRUSTEE CO LTD A/C KOTAK SERVICES F — +1.45%

## Official filings

- 2026-10-08 — Generic Announcement: InterGlobe Aviation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/Indigo1_08102026144759_Disclosure_Reg_74_5_.pdf)
- 2026-09-25 — Generic Announcement: InterGlobe Aviation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/Indigo1_25092026172920_Intimation_-_Closure_of_Trading_Window_-_Signed.pdf)
- 2026-09-25 — Generic Announcement: InterGlobe Aviation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_13226_WebXMLFile_20260925_175053007.xml)
- 2026-09-25 — Credit Rating Update: InterGlobe Aviation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/Indigo1_25092026193740_Disclosure_CreditRating.pdf)
- 2026-08-20 — Generic Announcement: InterGlobe Aviation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/Indigo1_20082026193128_SE_AGM_Proceedings.pdf)
- 2026-08-20 — Generic Announcement: InterGlobe Aviation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/Indigo1_20082026194656_Voting_Results_Scrutiniser_Report.pdf)
- 2026-08-20 — Regulatory Filing: InterGlobe Aviation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/RESULT_VOTING_1716572_20082026074902_WEB.xml)
- 2026-08-19 — Generic Announcement: InterGlobe Aviation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/AIATOP_13226_WebXMLFile_20260819_112930624.xml)
- 2026-08-18 — Generic Announcement: InterGlobe Aviation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/Indigo1_18082026194312_LoDR_-_Detention_Order_.pdf)
- 2026-08-03 — Press Release: Effective August 3, 2026, William Walsh has assumed the role of Chief Executive Officer of InterGlobe Aviation Limited (IndiGo). Walsh, who was appointed in March 2026, brings over four decades of aviation leadership experience, including previous CEO roles at Aer Lingus, British Airways, and International Airlines Group, and as Director General of IATA. He will lead IndiGo's strategic direction, focusing on global growth, operational excellence, and customer experience. — [Official attachment](https://nsearchives.nseindia.com/corporate/Indigo1_03082026124046_SE_Disclosure_-_CEO_effective_date.pdf)
- 2026-07-31 — Press Release: InterGlobe Aviation Limited (IndiGo) will conclude its wide-body damp lease operations with Norse Atlantic Airways effective October 31, 2026, and discontinue wide-body operations effective October 25, 2026, due to a challenging operating environment including geopolitical tensions, airspace constraints, elevated fuel costs, and currency pressures. Flights between Mumbai and Amsterdam will transition to Airbus A321XLR operations starting October 25, 2026, while services to London Heathrow will be temporarily discontinued pending A350-900 deliveries. IndiGo entered the damp lease agreement in early 2025 with six Boeing 787-9 aircraft to gain experience for its long-term long-haul growth strategy. — [Official attachment](https://nsearchives.nseindia.com/corporate/Indigo1_31072026211109_SE_Disclosure_-_Press_Release_-_Norse.pdf)
- 2026-07-29 — Generic Announcement: InterGlobe Aviation Limited published newspaper advertisements on July 29, 2026, in the Financial Express and Jansatta regarding the Notice of the 23rd Annual General Meeting and remote e-voting information. This action complies with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the information is also available on the company's website. — [Official attachment](https://nsearchives.nseindia.com/corporate/Indigo1_29072026111005_Post_advertisement.pdf)
- 2026-07-29 — Generic Announcement: InterGlobe Aviation Limited reported a net loss of 2.4 billion rupees for the quarter ended June 30, 2026, compared to a profit of 21.8 billion rupees in the same period last year. Total income grew 19% year-over-year to 256 billion rupees, with yield growth of 21.3%. The company experienced elevated fuel costs, currency depreciation, and inflationary pressures, leading to a significant increase in operating costs. Despite these challenges, IndiGo signed a Memorandum of Understanding with CFM International for over 1,000 LEAP-1A engines for future aircraft. — [Official attachment](https://nsearchives.nseindia.com/corporate/Indigo1_29072026150324_Transcript.pdf)
- 2026-07-29 — Official Filing: InterGlobe Aviation Limited (Indigo) has disclosed the transcript for its earnings or quarterly call held on July 23, 2026. The company previously intimated the exchange on July 16, 2026, and uploaded the transcripts to its website on July 29, 2026, at 14:37:00.
- 2026-07-28 — Official Filing: The 23rd Annual General Meeting for the fiscal year 2026 is scheduled for August 20, 2026, to be held via video conference. The company has released its Annual Report for FY26 and the AGM notice, distributing them electronically to registered members and providing physical copies upon request. These documents are also available on the company's website.
- 2026-07-28 — Official Filing: InterGlobe Aviation Limited (IndiGo) has submitted its Business Responsibility and Sustainability Report (BRSR) for FY26, in compliance with SEBI regulations. The report details the company's performance in areas such as fleet modernization, with 51 new Airbus A320neo Family aircraft added, resulting in an 81% next-generation fleet and an 18.9% reduction in GHG emission intensity from a 2016 baseline. IndiGo also reported a 45.6% female employee ratio as of March 2026 and transported over 334,000 passengers under the UDAN initiative during FY26. The company incurred a GST demand of INR 4,583.00 million, which it is contesting.
- 2026-07-28 — Official Filing: InterGlobe Aviation Limited (IndiGo) announced its 23rd Annual General Meeting (AGM) will be held on August 20, 2026, via video conference. The company also released its Annual Report for FY26, detailing financial performance including total income of ₹895 billion and revenue from operations of ₹850 billion. IndiGo welcomed over 123 million customers in FY26, achieving annual revenue of approximately US$10 billion and maintaining an On-Time Performance of 81.3% at DGCA metro airports.
- 2026-07-28 — Official Filing: InterGlobe Aviation Limited published newspaper advertisements on July 28, 2026, in the Financial Express and Jansatta regarding its 23rd Annual General Meeting. The meeting is scheduled to be held through Video conference/Other Audio-Visual Means. This information is also available on the company's website.
- 2026-07-28 — Official Filing: InterGlobe Aviation Limited will hold its 23rd Annual General Meeting on August 20, 2026, via Video Conferencing. The Notice of the AGM and the Annual Report for FY26 are available via web-link for members whose email addresses are not registered. Remote e-voting will commence on August 15, 2026, and conclude on August 19, 2026, with a cut-off date of August 13, 2026, for eligibility.
- 2026-07-27 — Official Filing: InterGlobe Aviation Limited's Board of Directors approved changes to its finance leadership on July 27, 2026. Gaurav Negi transitioned from Chief Financial Officer to Advisor to the Managing Director, effective July 27, 2026. Kiran Thadimarri, previously Deputy Chief Financial Officer, was appointed as the new Chief Financial Officer, effective July 28, 2026. Thadimarri is a Chartered Accountant with over 24 years of experience in finance roles.

## News and market events

- 2026-10-13 — DECCANCHRONICLE.COM: **IndiGo Cancels Saudi Flights Till Oct 17 After Houthi Attacks** — Riyadh Airport Closure Extended After Houthi Missile Attacks; Airline Advises Passengers To Check Flight Status — [Source](https://www.deccanchronicle.com/nation/world/indigo-cancels-saudi-flights-till-oct-17-after-houthi-attacks-1995428)
- 2026-10-12 — The Hindu: **Indigo Delhi-Chennai flight fire: what are the rules for carrying power banks on planes** — IndiGo flight 6E 6115 diverted after a power bank fire; learn DGCA rules on transporting lithium batteries and safe passenger practices. — [Source](https://www.thehindu.com/news/national/indigo-delhi-chennai-flight-fire-what-are-the-rules-for-carrying-power-banks-on-flights/article71573909.ece)
- 2026-10-12 — REDIFF.COM: **Power bank catches fire mid-air on IndiGo's Delhi-Chennai flight** — An IndiGo flight from Delhi to Chennai was diverted to Hyderabad on Sunday after a passenger's power bank caught fire in the overhead bin. The cabin crew quickly extinguished the fire, and the aircraft landed safely. All 180 passengers and seven crew members were unharmed. This is reportedly the third such incident on an IndiGo aircraft in about a year. — [Source](https://www.rediff.com/news/report/power-bank-catches-fire-mid-air-on-indigos-delhi-chennai-flight/20261012.htm)
- 2026-10-11 — Times of India: **Passenger's device starts smoking, flight diverted** — NEW DELHI: An IndiGo flight from Delhi to Chennai Sunday was diverted to Hyderabad after a passenger's personal electronic device caught fire. — [Source](https://timesofindia.indiatimes.com/india/passengers-device-starts-smoking-flight-diverted/articleshow/134879740.cms)
- 2026-10-11 — Mint: **How a power bank forced Chennai-bound IndiGo flight to divert to Hyderabad | Today News** — IndiGo said smoke was detected from a passenger's personal electronic device, following which the crew brought the situation under control and the pilots diverted the flight to Hyderabad. — [Source](https://www.livemint.com/news/india/how-a-power-bank-forced-chennai-bound-indigo-flight-to-divert-to-hyderabad-11791741412693.html)
- 2026-10-11 — Times of India: **IndiGo Delhi-Chennai flight diverts to Hyderabad after electronic device battery catches fire** — NEW DELHI: An IndiGo flight operating from Delhi to Chennai Sunday had to be diverted to Hyderabad after a the battery of passenger’s personal electronic — [Source](https://timesofindia.indiatimes.com/india/indigo-delhi-chennai-flight-diverts-to-hyderabad-after-electronic-device-battery-catches-fire/articleshow/134872378.cms)
- 2026-10-11 — Orissa POST: **IndiGo Delhi-Chennai flight diverted to Hyderabad after power bank fire - OrissaPOST** — Hyderabad: An IndiGo flight from Delhi to Chennai was diverted to Hyderabad Sunday after a power bank reportedly caught fire onboard. The crew reportedly used a fire extinguisher to contain the fire, following which the flight was diverted to Hyderabad. Also Read Trump stands by tariffs despite rising prices, voter disapproval 10 minutes ago Delhi […] — [Source](https://www.orissapost.com/indigo-delhi-chennai-flight-diverted-to-hyderabad-after-power-bank-fire/)
- 2026-10-11 — BUSINESSTODAY: **Passenger's power bank catches fire onboard, IndiGo flight to Chennai diverted to Hyderabad** — IndiGo flight diverted, Delhi to Chennai flight, IndiGo flight 6E 6115, Hyderabad airport, smoke on IndiGo flight, passenger electronic device, power bank fire on flight, Rajiv Gandhi International Airport, IndiGo flight diversion October 11 2026, alternate aircraft for Chennai flight — [Source](https://www.businesstoday.in/india/story/passengers-power-bank-catches-fire-onboard-indigo-flight-to-chennai-diverted-to-hyderabad-560875-2026-10-11)
- 2026-10-07 — Mint: **IndiGo flight hit by lightning at 17,000 feet, aircraft's nose damaged; all 110 on board safe - What we know so far | Today News** — IndiGo flight 6E925 was struck by lightning mid-air at 17,000 feet. The pilots landed safely in Lucknow, with all 110 people on board safe. — [Source](https://www.livemint.com/news/india/indigo-flight-hit-by-lightning-at-17-000-feet-aircrafts-nose-damaged-all-110-on-board-safe-what-we-know-so-far-11791395052647.html)
- 2026-10-05 — The Hindu: **IndiGo revises fuel charges amid rising ATF costs** — IndiGo raises domestic and international fuel charges due to higher ATF costs, effective for new bookings from Oct 6, 2026. — [Source](https://www.thehindubusinessline.com/economy/logistics/indigo-revises-fuel-charges-amid-rising-atf-costs/article71547777.ece)
- 2026-10-05 — Orissa POST: **IndiGo to raise fuel surcharge from October 6 amid rising ATF prices - OrissaPOST** — New Delhi: The country’s largest airline IndiGo Monday announced a hike in fuel surcharge for domestic and international flights in the wake of rising jet fuel prices. The revised charges will be effective from October 6 and will push airfares higher. Also Read SC notice to EC, Centre on plea challenging decisions taken by CEC-led […] — [Source](https://www.orissapost.com/indigo-to-raise-fuel-surcharge-from-october-6-amid-rising-atf-prices/)
- 2026-10-05 — BUSINESSTODAY: **Festive season travel shocker: IndiGo hikes fuel surcharge across all routes** — air travel, IndiGo, airfares, jet fuel charges — [Source](https://www.businesstoday.in/india/story/festive-season-travel-shocker-indigo-hikes-fuel-surcharge-across-all-routes-559533-2026-10-05)
- 2026-10-05 — Mint: **IndiGo to hike fuel surcharge for flights from October 6- here is how it will affect your travel plans | Company Business News** — IndiGo Airlines on Monday announced a revision in fuel charges across its domestic and international routes, with the new charges coming into effect for all bookings made after 1:00 am on Tuesday, October 6, 2026. — [Source](https://www.livemint.com/companies/news/indigo-adjusts-fuel-prices-across-domestic-international-flights-from-tuesday-check-if-your-bookings-will-be-affected-11791185617381.html)
- 2026-10-05 — CNBC-TV18: **Three key reasons why Interglobe Aviation share price could go to ₹6,000, as per Nomura** — While a complete war normalization is an upside risk for IndiGo, higher fuel prices for longer is a downside risk, according to Nomura, who highlights the outcome of the Gulf war and the consequent fuel price trend as the key swing factor for the airline going forward. — [Source](https://www.cnbctv18.com/market/interglobe-aviation-indigo-share-price-nomura-sees-6000-target-buy-airline-fuel-price-iran-war-impact-risks-20004568.htm)
- 2026-10-05 — CNBC-TV18: **IndiGo flights to cost more as airline raises fuel charges from October 6** — IndiGo hikes domestic fuel charges by ₹100–350, with revised charges of ₹375–1,300 for new bookings made from October 6. — [Source](https://www.cnbctv18.com/travel/indigo-flights-to-cost-more-as-airline-raises-fuel-charges-from-october-6-interglobe-aviation-shares-stock-20004574.htm)
- 2026-10-05 — MONEYCONTROL: **IndiGo to raise domestic, international fares from Oct 6 as ATF costs climb** — indigo, domestic flights, international flights, crude oil, indigo ticket prices, indigo ticket fares, aviation turbine fuel — [Source](https://www.moneycontrol.com/news/business/companies/indigo-to-raise-domestic-international-fares-from-oct-6-as-atf-costs-climb-14044575.html)
- 2026-10-01 — Times of India: **Skirting Pak** — It’s been over 17 months since Pakistan closed its airspace to Indian airlines, and costs have piled up. — [Source](https://timesofindia.indiatimes.com/toi-blogs/from-toi-print/skirting-pak/articleshow/134609031.cms)
- 2026-10-01 — News18: **Market Today: Sensex Falls 172 Points, Nifty Opens Below 22,600; Auto, Pharma Drag** — The domestic equity markets open lower on Thursday, October 1, with selling pressure visible across broader markets. — [Source](https://www.news18.com/business/markets/market-today-sensex-falls-172-points-nifty-opens-below-22600-auto-pharma-drag-10361957.html)
- 2026-09-30 — Mint: **IndiGo taps ex-Tata Digital executive to drive loyalty, marketplace, financial services | Company Business News** — The appointment comes as airlines increasingly look beyond ticket sales to monetise customer relationships through loyalty programmes, travel marketplaces and financial services. — [Source](https://www.livemint.com/companies/news/indigo-taps-ex-tata-digital-executive-to-drive-loyalty-marketplace-financial-services-11790775840183.html)
- 2026-09-30 — CNBC-TV18: **Market Close Explained: Why Nifty ended lower despite gains in banking stocks** — The Nifty Bank was the relative outperformer, rising 373 points to 54,633, while the Nifty Midcap index gained 13 points to 59,332. — [Source](https://www.cnbctv18.com/market/market-close-explained-why-nifty-ended-lower-despite-gains-in-banking-stocks-20002098.htm)
- 2026-09-30 — BUSINESSTODAY: **IndiGo share price target: Buy, hold or sell this airline stock? Q2 results preview** — IndiGo share price today, IndiGo share price, IndiGo share price target, IndiGo Airlines, Interglobe Aviation share price today — [Source](https://www.businesstoday.in/markets/stocks/story/indigo-share-price-target-buy-hold-or-sell-this-airline-stock-q2-results-preview-558649-2026-09-30)
- 2026-09-29 — Mint: **IndiGo share price: Goldman Sachs sees over 21% upside | Target price, detailed outlook** — Goldman Sachs reaffirmed its 'Buy' rating for IndiGo, setting a target price of ₹5,900, reflecting a potential 21% upside. The airline is buoyed by market share growth, cost advantages, and limited fleet additions, despite near-term profit pressures due to high fuel costs. — [Source](https://www.livemint.com/market/stock-market-news/indigo-share-price-goldman-sachs-sees-over-21-upside-target-price-detailed-outlook-11790675682748.html)
- 2026-09-29 — CNBC-TV18: **Indigo shares gain as Goldman Sachs remains positive, sees 21% upside — Here's why** — Goldman Sachs said it remains positive on IndiGo’s growth outlook, citing the airline’s consistent market share gains, favourable industry capacity dynamics, cost leadership and the long-term growth potential of its international business. — [Source](https://www.cnbctv18.com/market/indigo-share-price-gains-as-goldman-sachs-reiterates-buy-rating-target-price-upside-20000738.htm)
- 2026-09-29 — The Hindu: **Stock markets tumble in early trade dragged by elevated crude oil prices, foreign fund outflows** — The 30-share BSE Sensex dropped 503 points to 72,260.09 in early trade. The 50-share NSE Nifty tumbled 151 points to 22,626.50 — [Source](https://www.thehindu.com/business/markets/stock-markets-tumble-in-early-trade/article71522620.ece)
- 2026-09-28 — Times of India: **IndiGo restores daily Delhi, B’luru flights from Belagavi from Oct 1** — IndiGo to restore daily Belagavi-Delhi and Belagavi-Bengaluru morning flights from Oct 1, boosting connectivity; bookings open, other routes unchanged. — [Source](https://timesofindia.indiatimes.com/city/hubballi/indigo-restores-daily-delhi-bluru-flights-from-belagavi-from-oct-1/articleshow/134547653.cms)

## Business profile

**Strategic vision:** Indian low-cost carrier connecting domestic and international destinations.

### Business segments
- **Passenger Services:** Operates high-density domestic and international passenger flights utilizing a young fleet of fuel-efficient Airbus A320/A321neo aircraft.
- **CarGo (Logistics):** Manages domestic and international air freight transportation utilizing passenger belly holds and dedicated cargo freighters.

### Competitive strengths
- Fleet standardization on Airbus A320/A321 family simplifies operations and maintenance.
- Sale-and-leaseback model generates working capital and reduces direct aircraft ownership liabilities.
- Integration of cargo services within passenger flights and dedicated freighters.

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## Freshness and sources

- Data as of: 2026-10-13
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/indigo
Markdown representation: https://faxioms.com/stocks/indigo?render=md