Shares of InterGlobe Aviation, parent company of IndiGo, declined nearly 4% on the bourses after the country’s largest airline reported a 78% decline in December quarter net profit at ₹549.1 crore. File
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Shares of InterGlobe Aviation, parent company of IndiGo, declined nearly 4% on the bourses on Friday (January 23, 2026) after the country’s largest airline reported a 78% decline in December quarter net profit at ₹549.1 crore.
The stock depreciated 3.87% to ₹4,723.60 apiece on the BSE.
On the NSE, InterGlobe Aviation’s scrip dropped 3.79% to ₹4,722.50 apiece.
The 30-share BSE Sensex slipped 46.24 points, or 0.06%, to 82,261.13, while the NSE Nifty went lower by 8.20, or 0.03%, to 25,281.70.
India’s largest airline, IndiGo, on Thursday (January 22) reported a 78% decline in net profit for the December quarter to ₹549.1 crore, as flight disruptions and the implementation of the new labour code took a toll on its earnings.
The airline reported a net profit of ₹549.1 crore in the October-December quarter, compared with ₹2,448.8 crore earnings in the year-ago period, according to a company statement.
The company said it took a hit of ₹1,546.5 crore in the third quarter. This included ₹577.2 crore due to massive flight disruptions witnessed during early December and another ₹969.3 crore on account of the implementation of new labour laws.
IndiGo was slapped with a fine of ₹22.2 crore for the flight disruptions, which it has accounted for in exceptional items.
In the third quarter of the current financial year, InterGlobe Aviation, the parent of IndiGo, recorded a total income of ₹24,540.6 crore, higher than ₹22,992.8 crore posted in the year-ago period.
IndiGo CEO Pieter Elbers said the company faced major operational disruptions in the December quarter, resulting in significant flight cancellations and delays from December 3 to 5.
“Despite these operational disruptions, IndiGo delivered a topline of around ₹245 billion in the December quarter, reflecting a growth of around 7% with a reported profit of around ₹5 billion and an underlying profit excluding exceptional items and forex of 31 billion rupees,” Elbers said.
In early December, IndiGo faced massive operational disruptions, and subsequently, the Directorate General of Civil Aviation (DGCA) curtailed the airline’s winter schedule by 10% until February 10.
Between December 3 and 5, 2,507 flights were cancelled, and 1,852 flights were delayed, impacting over 3 lakh passengers at airports across the country, the regulator said in a statement on January 20.
Published – January 23, 2026 12:03 pm IST
