Shares of InterGlobe Aviation, the operator of India’s largest airline IndiGo, slipped over 3% in early trade after the company reported its Q3 FY26 financial results, which showed steady revenue growth but a sharp decline in profitability on a year-on-year basis.
IndiGo reported revenue of Rs 23,471.90 crore for the third quarter of FY26, compared with Rs 22,110.70 crore in the corresponding quarter last year. On a sequential basis, revenue rose 26.50%, reflecting stronger travel demand and improved capacity deployment during the peak festive and holiday season.
However, profitability remained under pressure. Profit before tax, excluding exceptional items, stood at Rs 2,108.70 crore in Q3 FY26, down from Rs 2,527.10 crore in Q3 FY25, marking a 16.56% year-on-year decline. The company had reported a loss at the PBT level in the previous quarter, highlighting volatility in earnings across FY26.
Profit after tax fell sharply to Rs 549.80 crore during the quarter, compared with Rs 2,448.80 crore in the year-ago period, translating into a steep 77.55% year-on-year decline. IndiGo had also reported a loss at the PAT level in Q2 FY26, which added to investor concerns around earnings stability.
A key drag on reported profitability was an exceptional loss of Rs 1,546.50 crore recorded during Q3 FY26. The exceptional item significantly impacted the bottom line and overshadowed the airline’s operational performance for the quarter.
