InterGlobe Aviation reported a consolidated net loss of ₹23,936 million for the financial year ended March 31, 2026, a significant narrowing from the net loss of ₹72,584 million in the previous year. The Board of Directors approved the audited standalone and consolidated financial results in a meeting held on May 29, 2026. Total income for FY26 rose by 6.4% year-on-year to ₹895,134 million, driven by a 9.5% increase in Available Seat Kilometers (ASKs) to 172.4 billion. Despite revenue growth, the airline faced exceptional items amounting to ₹17,964 million, primarily attributed to the New Labour Codes and operational disruptions, which weighed on profitability.

Financial Performance

Consolidated revenue from operations for FY26 increased to ₹849,619 million from ₹808,029 million in FY25. For the quarter ended March 31, 2026, the company reported a consolidated net loss of ₹25,369 million, compared to a net profit of ₹30,675 million in the corresponding period of the prior year. Total expenses for the full year surged by 17.2% to ₹896,775 million, largely due to a foreign exchange loss of ₹89,757 million. The Cost per Available Seat Kilometer (CASK) for FY26 stood at ₹5.00, while CASK ex-fuel was ₹3.52.

The following table summarises the key consolidated financial metrics for the quarter and full year:

Standalone Q4 Performance

On a standalone basis, InterGlobe Aviation's Q4 performance reflected a sharp deterioration in profitability metrics. The standalone net loss for Q4 widened to ₹26.6 billion compared to a net profit of ₹30.7 billion in the same quarter of the previous year. Standalone revenue for Q4 stood at ₹224 billion versus ₹221 billion in the year-ago period, reflecting modest top-line growth. However, standalone EBITDA contracted sharply to ₹7 billion from ₹60.8 billion year-on-year, with the EBITDA margin declining steeply to 3.3% from 27.46% in the corresponding quarter.

The following table presents the key standalone Q4 metrics:

Operational Highlights and Exceptional Items

The airline welcomed 123 million passengers during FY26 and operated a fleet of 441 aircraft as of March 31, 2026. Operational disruptions in December 2025 resulted in costs of ₹5,772 million, recognised as exceptional items. Additionally, the company incurred a one-time impact of ₹12,192 million related to the New Labour Codes. The Directorate General of Civil Aviation imposed a penalty of ₹222 million, which was paid in February 2026, and the Competition Commission of India has directed an investigation into the company's domestic operations regarding the December disruptions.

On an adjusted basis, excluding forex and exceptional items, the company reported a profit after tax (PAT) of ₹75,025 million for FY26, with a margin of 8.8%. The Board approved the partial prepayment of finance lease obligations to InterGlobe Aviation Financial Services IFSC Private Limited for an aggregate amount of up to USD 450 million to fund the acquisition of aviation assets. The 23rd Annual General Meeting has been convened for August 20, 2026.

InterGlobe Aviation Ltd. recorded a significant block trade on the National Stock Exchange (NSE), with approximately 1,088,672 shares changing hands in a single transaction valued at ₹487.33 crores.

Block Trade Details

The transaction was executed at a price of ₹4476.40 per share. Block trades of this nature typically involve large institutional or high-net-worth participants transacting in bulk quantities outside the regular market order book. The key details of the trade are summarised below:

Market Significance

Block trades are closely tracked by market participants as they reflect large-scale movements in a company's shares. The trade in InterGlobe Aviation's scrip on the NSE at ₹4476.40 per share, aggregating to ₹487.33 crores for approximately 1,088,672 shares, represents a notable transaction in the aviation sector's equity market activity.