IndiGo Q2 loss widens to ₹2,582 crore on high forex loss, rising maintenance costs

InterGlobe Aviation Ltd, the operator of IndiGo, on Tuesday (November 4) reported a net loss of ₹2,582 crore for the quarter ended September 2025, compared with a loss of ₹988.8 crore in the same period last year.

Revenue from operations rose 9.3% year-on-year to ₹18,555 crore from ₹16,969 crore in the corresponding quarter of the previous year. Earnings before interest, tax, depreciation, and amortisation (EBITDA) grew 85% year-on-year to ₹3,472 crore against ₹1,873 crore a year ago. The company’s EBITDA margin stood at 18.7%, up from 11% in the same quarter last year.

Tax expense for the quarter stood at ₹100 crore, compared with ₹80 crore in the year-ago period. Rental and aircraft maintenance charges rose to ₹3,262 crore from ₹2,745 crore a year earlier.

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The company also reported a forex loss of ₹2,892 crore against a loss of ₹241 crore in the same period last year. EBITDAR excluding forex increased 43% year-on-year to ₹3,800 crore, with EBITDAR margin (excluding forex) improving to 20.5% from 15.7% a year ago.

Shares of Interglobe Aviation Ltd ended at ₹5,635.00, down by ₹60.20, or 1.06%, on the BSE.

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