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IndiGo Reports Rs 2,582 Crore Q2 Loss as Forex Hit Wipes Out Underlying Profit

A large currency translation hit turned an underlying profit into a headline loss.

Overview

  • Total income rose to Rs 19,599.5 crore in the September quarter, up from Rs 17,759 crore a year earlier.
  • A Rs 2,892 crore foreign‑exchange loss linked to dollar‑denominated obligations drove the quarterly loss.
  • Excluding currency effects, IndiGo posted a net profit of Rs 1,039 million and reported Ebitdar adjusted for forex of Rs 3,791.6 crore with a 20.4% margin.
  • Management raised full‑year FY26 capacity guidance to early‑teens growth and reduced grounded aircraft to about 40 from roughly 70.
  • The company signaled a push to build a natural forex hedge through more international flying, and the stock fell about 1% on the results.