Shares of InterGlobe Aviation, the parent company of IndiGo, surged over 5% in early trade on Monday as investors cheered the airline's March-quarter earnings announced after market hours on Friday.
Despite reporting a loss in the March quarter amid heightened volatility, the stock gained momentum as the results met market expectations. The airline's profitability was impacted by a spike in crude oil prices due to the West Asia conflict, which led to higher fuel expenses, increased foreign-exchange losses, and elevated operating costs.
Reacting to Q4 numbers, IndiGo shares rose as much as 5.16% to ₹4,633.45 on the BSE after opening at ₹4,612.20, compared with Friday's closing price of ₹4,406.05.
At the time of reporting, the aviation stock was trading 3.6% higher at ₹4,565.65, valuing the company at around ₹1.77 lakh crore. The country's most valuable airline stock hit a 52-week high of ₹6,225.05 on August 18, 2025, and a 52-week low of ₹3,894.80 on March 23, 2026.
IndiGo shares have declined around 10% so far in calendar year 2026 and over 14% in the past year. However, the stock has gained more than 7% over the last month.
InterGlobe Aviation reported a consolidated net loss of ₹2,536.9 crore in the March quarter (Q4 FY26), compared with a profit in the year-ago period, as a sharp rise in foreign-exchange losses, exceptional charges, and higher operating costs outweighed modest revenue growth.
Revenue from operations rose 1.3% year-on-year to ₹22,438.4 crore, while total income increased 3.2% to ₹23,830.7 crore. However, total expenses surged 30.1% to ₹25,932.5 crore, resulting in a pre-tax loss of ₹2,351.7 crore.
01/06/2026 Chitranjan Kumar/Fortune India
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