US EditionIndiGo Q2 Results: Net Loss Widens on Sharp Rise in Forex Costs, Revenue Rises 9.3%; Here Are Key Highlights
IndiGo's Rs 2,582 crore net loss in Q2FY26 was driven by a 1,102% surge in foreign exchange losses despite a 9.3% revenue increase, CEO Pieter Elbers said.
- On Tuesday, InterGlobe Aviation, parent of IndiGo, reported a net loss of Rs 2,582 crore for the quarter ending September 2025 , reversing a Rs 2,161 crore profit in the prior quarter.
- Including dollar-based future obligations, the net loss reached INR 25,821 million as foreign-exchange losses rose amid the Indian rupee's 2.8% and over 3% depreciation in 2024 and 2025 amid fund outflows and concerns over steep US tariffs on Indian goods.
- Cost pressures included other cost excluding fuel rising 33.7% to Rs 16,119 crore, depreciation and amortisation up 26.5% to Rs 2,640 crore, and maintenance costs nearly 19% higher at Rs 3,263 crore.
- CEO Pieter Elbers said IndiGo is structurally optimising capacity during weaker periods and has scaled up second half operational plans, nudging full financial year 2026 capacity guidance to early teens growth.
- The spike in forex losses led to total expenses for September quarter increasing by 18.3%, with foreign-exchange loss soaring 1,102% from last year.
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IndiGo Q2 Results: Net loss widens on sharp rise in forex costs, revenue rises 9.3%; here are key highlights
InterGlobe Aviation reported a net loss of ₹2,582 crore for the September quarter, up from a loss of ₹987 crore last year. Despite a 9.3% revenue increase, higher operational costs and declining margins negatively affected profitability.
IndiGo Q2 results: Leading airline IndiGo reported a loss of ₹2,582 crore in the September quarter, two and a half times more than last year. Foreign exchange losses and rising expenses weighed on profits. However, revenue grew 9.3%. Know the details. - Indigo Q2 results: Revenue rises but losses widen sharply amid forex impact and higher costs
IndiGo posts Rs 2,582 crore Q2 loss despite 10% revenue growth
InterGlobe Aviation, parent of IndiGo Airlines, reported a ₹2,582 crore net loss in Q2 FY26, impacted by forex fluctuations. Total income rose 10% to ₹19,599 crore. Excluding currency movements, IndiGo posted a ₹104 crore operational profit. CEO Pieter Elbers expects strong growth and early-teen capacity expansion in FY26.
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