India · Delayed Price · Currency is INR InterGlobe Aviation Earnings Call Transcripts
Fiscal Year 2026
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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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Achieved 12% year-over-year passenger growth and INR 21.8 billion net profit in Q1 FY26 despite significant external disruptions. Maintained strong liquidity, expanded international network, and reaffirmed early double-digit capacity growth guidance for the year.
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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Record Q3 results driven by strong demand, network expansion, and operational improvements, with 13% passenger growth and 15% revenue increase year-over-year. Profitability was impacted by forex losses, but underlying margins improved, and capacity growth guidance remains robust.
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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.