INDIGO

InterGlobe Aviation share price & financials

Price
₹5,021.5
Market cap
₹2.0L Cr
Sector
Services
Calls analysed
10
Latest concall · Q1 FY27 · call held 23 Jul 2026

InterGlobe Aviation Limited Q1 FY27

Total Income ₹25,600 cr +19%

What went well

  • Total income of ₹256 billion, up ~19% YoY.
  • Yield growth of 21.3% YoY, with passenger unit revenue (PRASK) at ₹5.03, up 19% YoY.
  • Carried over 10 million domestic passengers in May, marking the highest ever for the company.

What to watch

  • Reported a net loss of ₹2.4 billion for Q1 FY27, compared to a profit of ₹21.8 billion last year.
  • EBITDAR margin declined to 15.6% from 28% in the same period last year.
Read the full call →

What InterGlobe Aviation Limited does

InterGlobe Aviation operates IndiGo, India's largest passenger airline, running a low-cost, single-aisle model under the 6E brand. It earns primarily from scheduled passenger fares, complemented by ancillary services, air cargo (6E CarGo) and the IndiGo BluChip loyalty programme. The airline flies a young, predominantly Airbus A320neo-family fleet and is expanding into long-haul with A321 XLR jets and A350 widebody aircraft on order.

Segments

  • Air Passenger Transport
  • Cargo
  • Ancillary & Loyalty
Fleet size
441 aircraft (FY26 year-end)
Market position
No.1 airline in India; 7th largest globally by daily departures
Aircraft on order
920+ (largest orderbook globally)
Passengers carried (FY26)
123 million
Daily flights
2,200+
Destinations served
131
Founded 2006Headquarters Gurugram, Haryana, India Company website

Guidance record · Q1 FY27

what the last two calls moved 25 tracked 10 delivered 6 missed 9 open
  • AOG Count delivered said Q1 FY25 Promised: Start reducing towards start of CY2025 Q1 FY27: Promise remains achieved. No new updates provided or required.
  • Q2 FY26 Capacity Growth went quiet said Q1 FY26 Promised: Mid to high single digit YoY Q1 FY27: Promise remains ghosted. No update provided on Q2 FY26 actuals.
  • CASK ex fuel ex forex (coming quarters) revised down said Q4 FY26 Promised: mid- to high single digits increase Q1 FY27: Actual Q1 CASK ex fuel ex forex increased by ~11% YoY, which is higher than the guided 'mid- to high single digits' range. Management revised guidance to 'early double digits' due to cost environment and lower utilization.

All 25 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 19.9%, net profit down 117.7% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue16,970 22,111 22,152 20,496 18,555 +9%23,472 +6%22,438 +1%24,584 +20%
EBITDA1,618 5,160 6,082 5,205 545 −66%5,353 +4%741 −88%3,211 −38%
Net profit-989 2,442 3,073 2,161 -2,614 −164%613 −75%-2,662 −187%-382 −118%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −11.5% 1Y

₹4.0k₹4.5k₹5.0k₹5.5k₹6.0kSept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q3 FY26 — 22 Jan 2026Q4 FY26 — 29 May 2026Q1 FY27 — 23 Jul 2026

1Y: ₹5,619 on 10 Sept 2025 → ₹4,973. High ₹5,934.5 (20 Oct 2025), low ₹3,943.5 (30 Mar 2026).

How the price took the results

close before → close after

Q1 FY27
−1.8%
23 Jul
Q4 FY26
−3.6%
29 May
Q3 FY26
+1.1%
22 Jan

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 16.0% a year over 3 years, FY23 to FY26. Operating margin widened to 13.9%.

Year endingFY23FY24FY25FY26
Revenue₹54.4k Cr₹68.9k Cr₹80.8k Cr₹85.0k Cr
Operating profit₹6.5k Cr₹16.3k Cr₹18.0k Cr₹11.8k Cr
Operating margin11.9%23.6%22.3%13.9%
Interest₹3.1k Cr₹4.2k Cr₹5.1k Cr₹6.0k Cr
Depreciation₹5.1k Cr₹6.4k Cr₹8.6k Cr₹10.8k Cr
Net profit₹-316 Cr₹8.2k Cr₹7.3k Cr₹-2.5k Cr
Net margin-0.6%11.9%9.0%-2.9%
Cash from operations₹12.7k Cr₹21.2k Cr₹24.1k Cr₹23.4k Cr
Free cash flow₹12.2k Cr₹20.8k Cr₹22.8k Cr₹21.8k Cr
ROCE7.0%25.0%17.0%5.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹385 Cr₹385 Cr₹386 Cr₹386 Cr₹387 Cr₹387 Cr
Reserves₹-314 Cr₹-6.4k Cr₹-6.7k Cr₹1.5k Cr₹8.1k Cr₹6.1k Cr
Borrowings₹29.9k Cr₹36.9k Cr₹44.9k Cr₹51.3k Cr₹75.1k Cr₹85.2k Cr
Other liabilities₹13.0k Cr₹15.0k Cr₹20.5k Cr₹28.9k Cr₹44.6k Cr₹51.0k Cr
Total liabilities₹43.0k Cr₹45.9k Cr₹59.0k Cr₹82.1k Cr₹128.2k Cr₹142.7k Cr
Fixed assets₹18.8k Cr₹21.3k Cr₹27.6k Cr₹36.0k Cr₹57.1k Cr₹62.5k Cr
Capital work in progress₹72 Cr₹125 Cr₹21 Cr₹1 Cr₹6 Cr₹36 Cr
Investments₹7.3k Cr₹8.0k Cr₹11.5k Cr₹16.5k Cr₹30.7k Cr₹35.2k Cr
Other assets₹16.8k Cr₹16.4k Cr₹19.9k Cr₹29.6k Cr₹40.4k Cr₹44.9k Cr
Total assets₹43.0k Cr₹45.9k Cr₹59.0k Cr₹82.1k Cr₹128.2k Cr₹142.7k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, DIIs added +7.83 pp while FIIs trimmed −6.99 pp. The shareholder count grew 23% to 3,74,212.

Promoters
41.6%
FIIs
20.3%
DIIs
31.9%
Government
0.0%
Public
6.2%

Since Jun 2025

  • DIIs +7.83 pp
  • FIIs −6.99 pp
  • Promoters −1.97 pp

How it drifted, 12 quarters

Over this window promoters fell from 63.3% to 41.6% — −21.7 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 63.3%, FIIs 20.3%, DIIs 13.3%, Government 0.1%, Public 3.2%.Dec '23: Promoters 63.1%, FIIs 18.7%, DIIs 14.7%, Government 0.1%, Public 3.5%.Mar '24: Promoters 57.3%, FIIs 23.7%, DIIs 15.0%, Government 0.1%, Public 4.0%.Jun '24: Promoters 55.3%, FIIs 24.4%, DIIs 15.4%, Government 0.1%, Public 4.8%.Sep '24: Promoters 49.3%, FIIs 25.4%, DIIs 20.6%, Government 0.1%, Public 4.6%.Dec '24: Promoters 49.3%, FIIs 24.8%, DIIs 21.1%, Government 0.1%, Public 4.7%.Mar '25: Promoters 49.3%, FIIs 25.1%, DIIs 20.7%, Government 0.1%, Public 4.9%.Jun '25: Promoters 43.5%, FIIs 27.3%, DIIs 24.0%, Government 0.1%, Public 5.0%.Sep '25: Promoters 41.6%, FIIs 28.4%, DIIs 24.6%, Government 0.1%, Public 5.3%.Dec '25: Promoters 41.6%, FIIs 25.0%, DIIs 28.1%, Government 0.0%, Public 5.3%.Mar '26: Promoters 41.6%, FIIs 21.6%, DIIs 31.1%, Government 0.0%, Public 5.6%.Jun '26: Promoters 41.6%, FIIs 20.3%, DIIs 31.9%, Government 0.0%, Public 6.2%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 4 holders trimming and 7 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of InterGlobe Aviation Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Interglobe Enterprises Private Limited 35.69%unchanged
ICICI Prudential Transportation And Logistics Fund Mutual fund5.25%newly disclosed
Rakesh Gangwal 4.53%unchanged
HDFC Trustee Company Limited - HDFC Tax Saverfund Mutual fund4.22%newly disclosed
SBI Arbitrage Opportunities Fund Mutual fund3.41%newly disclosed
Government Of Singapore - E Sovereign2.12%−0.32 pp
NPS Trust- A/C ICICI Prudential Pension Fund Schem Pension / PF2.05%newly disclosed
Westbridge AIF I AIF1.92%−0.27 pp
Invesco India Focused Fund Mutual fund1.54%newly disclosed
Kotak Mahindra Trustee Co Ltd A/C Kotak Services F Mutual fund1.45%newly disclosed
Axis Mutual Fund Trustee Limited A/C Axis Mutual F Mutual fund1.35%+0.32 pp
The Chinkerpoo Family Trust (Trustee: Shobha Gangwal & J.P. Morgan Trust Company of Delaware) 1.32%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Mutual funds in INDIGO

Filings to Aug 2026

0 new, 16 added, 14 trimmed, 0 sold out — net −1.60 L shares (−0.5%).

Held by funds
₹16.4k Cr
56 schemes
Biggest holder
HDFC Flexi Cap Fund
₹3.3k Cr · 3.0% of that fund
SchemeHoldingLast month
HDFC Flexi Cap Fund HDFC Mutual Fund₹3.3k Crheld
SBI Nifty 50 ETF SBI Mutual Fund₹2.3k Cr+0.23 L
SBI Aggressive Hybrid Fund SBI Mutual Fund₹2.1k Crheld
SBI BSE Sensex ETF SBI Mutual Fund₹1.6k Cr+0.30 L
HDFC Balanced Advantage Fund HDFC Mutual Fund₹1.3k Crheld
HDFC Large Cap Fund HDFC Mutual Fund₹775 Crheld
Nippon India ETF Nifty 50 BeES Nippon India Mutual Fund₹721 Cr+0.28 L
SBI Large Cap Fund SBI Mutual Fund₹576 Crheld

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Aug 2026

16 added, 14 trimmed — net −1.60 L shares (−0.5%)

Funds are sitting on
+11%
vs est. average cost
Held by funds
₹16.4k Cr
56 schemes · ≈ 7.7% of the company
Biggest holder
HDFC Flexi Cap Fund
₹3.3k Cr · 3.0% of that fund
Longest holder
Nippon India ETF Nifty 100
10y · since Sep '16

Shares held by these funds +147%

Aug '23 3.13 cr shares Jul '26

All earnings calls (9)

Read the Q1 FY27 call →

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