India · Delayed Price · Currency is INR InterGlobe Aviation Earnings Call Transcripts
Fiscal Year 2027
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Q1 FY 2027 saw a net loss of INR 2.4 billion due to surging fuel costs and currency headwinds, despite 19% revenue growth and record passenger numbers. Capacity growth will remain flat in Q2, but yields and PRASK are expected to rise over 25% year-over-year.
Fiscal Year 2026
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Q4 and FY 2026 saw significant losses due to operational disruptions, FX losses, and fuel price spikes, despite record passenger numbers and revenue growth. Capacity is recovering, with a focus on domestic redeployment and selective international ramp-up.
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Q3 FY26 saw 6.7% revenue growth and strong festive demand, but operational disruptions and regulatory changes led to lower net profit and higher costs. International expansion, new aircraft, and loyalty program growth support long-term strategy.
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Q2 FY26 saw over 10% revenue growth and operational profit (ex-forex), but a net loss due to rupee depreciation. International expansion, new products, and strong cash reserves support a positive outlook, with capacity growth guidance raised for FY26.
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Q1 FY26 saw 12% passenger growth and INR 21.8B net profit despite major external disruptions. International expansion, new partnerships, and cost efficiencies supported results, with strong rebound expected in H2 FY26.
Fiscal Year 2025
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Record FY2025 results with 18% revenue growth, INR 72.6B net profit, and 11% passenger growth. International expansion accelerated, dividend reinstated, and investment-grade rating achieved. Margins improved, with cost discipline and robust liquidity.
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Q3 FY25 saw record passenger growth, strong revenue, and robust operational performance, with net profit impacted by forex losses but up 26% year-over-year excluding currency effects. Capacity and network expansion continue, with positive demand outlook and improving AOG situation.
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Q2 FY25 saw 14.6% revenue growth but a net loss of INR 9.9 billion due to peak aircraft groundings, higher fuel costs, and inflation. Strategic launches in business class, loyalty, and digital platforms aim to drive future growth as groundings and cost pressures are expected to ease.
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Q1 FY25 saw 18% revenue growth and a 14% profit margin, with strong demand and continued network expansion. Cost pressures from fuel, maintenance, and inflation were partly offset by OEM compensation, while capacity and international growth remain key strategic focuses.