Tense Q1 sees IndiGo profit drop 20% to Rs 2,176 crore – Times of India

NEW DELHI: IndiGo saw its Q1 FY 2026 drop 20 per cent to Rs 2,176.3 crore from Rs 2,728.8 crore in same period last year due to the serious hit that travel took due to the India-Pakistan war and closure of 32 airports in north, west and central India witnessed in those three months; airspace restrictions that continue to date and then the June 12 Air India Ahmedabad crash. IndiGo CEO Pieter Elbers said travel was impacted this April-June period, but still the airline saw its passenger number rise 11.6 per cent to 3.1 crore from 2.8 crore in Q1 FY 25. The airline’s total income rose 6.4 per cent to Rs 21,542.6 crore while total cost rose 10.2 per cent to Rs 19,231.9 crore this Q1 over the same period last fiscal. IndiGo scrip closed 0.26 per cent lower at Rs 5,739.9 on BSE Wednesday when the broader market was up 0.18 per cent.IndiGo CEO Pieter Elbers said: “The June quarter was shaped by significant external challenges that created headwinds for the entire aviation sector. Despite these industry-wide disruptions, we reported a net profit of Rs 2,176.3 crore with a net profit margin of around 11 per cent for the quarter ended June 2025. While the revenue environment saw moderation, demand for air travel held strong as we served more than 3.1 crore passengers during the quarter, reflecting a growth of around 12 per cent on a year-over-year basis. Looking forward, we remain optimistic about the growth of air travel and with our scale, network and fit-for-purpose fleet, we remain committed to serving the growing demand.”IndiGo had a total cash balance of Rs 49,405.7 crore as on June 30, 2025. And its total debt on that date (including capitalised operating lease liability) was Rs 68,488.4 crore. The airline had a fleet of 416 planes at the end of June and operated at a peak of 2,269 daily flights during the quarter, including non-scheduled operations.