| Revenue growth | FY26 6.4% YoY; Q4 3% YoY. |
|---|---|
| Margins | FY26 EBITDAR margin 27.3% (ex-forex). PRASK down 4% in Q4. |
| Order book | Inducted 72 aircraft in FY26; fleet total 441. |
| Demand visibility | Positive May demand; Q1FY27 unit revenue up mid-teens. |
| Management confidence | Strong confidence in long-term strategy and liquidity advantage. |
Growth
FY26 revenue grew 6.4% to ₹895bn. Passengers grew 4% to 123m. Q4 revenue increased 3% YoY.
Outlook
Q1FY27 capacity growth guided at 3-4%; unit revenue expected to improve mid-teens. Operating 441 aircraft.
Risks
Severe FX volatility (₹48.2bn Q4 loss), high fuel costs, and Middle East geopolitical disruptions impacting 18% capacity.
Last quarter's promises, checked
Delivered
- Q3 ASKs growth 11% → delivered 11% (= BEAT)
- Q3 PRASK 4.5% lower YoY → delivered 4.5% lower (= BEAT)
- Calendar 2025 aircraft deliveries 57 → delivered 57 (= BEAT)
Partly delivered
- International expansion via A321 XLR → Delivered first aircraft but 18% capacity hit by Middle East crisis (= PARTIAL)
Missed
- FY26 CASK ex-fuel ex-forex mid-single digit increase → delivered 12.2bn labor provision + 11% FX impact (= MISS)
- Q4 capacity growth guided 10% → delivered 3-4% (= MISS)
Earnings Call filed with BSE, NSE: INDIGO. Summary written with AI assistance from the document.
InterGlobe Aviation Ltd: key numbers
- Share price
- ₹5,050.50
- Market cap
- ₹1,95,286 Cr
- Revenue (annual)
- ₹84,962 Cr
- Net profit (annual)
- ₹-2,392 Cr
- P/E (TTM)
- -40.6×Sector 28.2×
- Promoter holding
- 41.57%+0.00% QoQ
- FII holding
- 20.32%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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