IndiGo Q2 Preview FY26: InterGlobe Aviation Expected to Report Net Loss, Ebitdar to Rise 35%; Share Price Up

InterGlobe Aviation Limited, the parent company of IndiGo Airlines, is set to announce its financial results for the second quarter of Fiscal Year 2026 (Q2 FY26) on Tuesday. This quarterly update comes at a time when the aviation sector is closely monitoring fuel costs, demand recovery, and the impact of aircraft engine supply challenges on flight schedules.

IndiGo Q2 Results Updates: Check InterGlobe Aviation Q2 Earnings Call Date, Time & Details

India's largest low-cost carrier by market share will hold an earnings conference call between 4:00 and 5:00 PM IST on the same day. During the call, senior management is expected to discuss the company's performance, operational trends and address questions from investors and analysts.

"IndiGo will be announcing its Second Quarter Fiscal Year 2026 results on November 4, 2025. The company will conduct a 60 minute conference call at 17:00 hours IST on November 4, 2025 (open to investors/ analysts in all regions), where senior management will discuss the Company's performance and answer questions from participants. Results will be available around 16:00 hours on Tuesday, November 4, 2025 at the Company's
website (www.goindigo.in) or on the exchange website (www.nseindia.com / www.bseindia.com)," announced the company.

IndiGo Q2 Preview FY26: Brokerages Expect Net Loss Amid Rising Costs and Weak Operational Income

According to estimates from Kotak Institutional Equities, IndiGo is likely to report a net loss of Rs 236.7 crore in Q2 FY26, primarily due to weak operational income and ongoing cost pressures. The brokerage projects a loss before tax of Rs 236.7 crore, compared to a profit before tax of Rs 189 crore in the same quarter last year and Rs 2,804 crore in the previous quarter (Q1 FY26).

Kotak expects sales to grow 15.6% year-on-year (YoY) but decline 12% quarter-on-quarter (QoQ) to Rs 17,268.2 crore in Q2. The airline's EBITDA (earnings before interest, tax, depreciation, and amortization) is expected to dip 5% YoY and 59.5% QoQ to Rs 2,089.7 crore.

In terms of operational metrics, passenger count is forecast to increase by 8% YoY, while the load factor could moderate to 83%. Kotak also expects RASK (Revenue per Available Seat Kilometer) minus CASK (Cost per Available Seat Kilometer)-a key profitability metric-to show a loss of Rs 0.26 per ASK, compared to a loss of Rs 0.10 per ASK in Q2 FY24. The brokerage attributes this to lower fuel spreads and persistent cost pressures, including those related to Pratt & Whitney (P&W) engine issues and rising employee costs.

InterGlobe Aviation Q2 Preview FY26: Ebitdar Seen Rising 35% YoY

On the other hand, Nuvama Institutional Equities projects a healthier operational performance, supported by compensation from original equipment manufacturers (OEMs) for contractual breaches.

The brokerage expects Ebitdar (Earnings Before Interest, Taxes, Depreciation, Amortization, and Rent) to rise 35% YoY, aided by higher ASKMs (Available Seat Kilometers), RPKMs (Revenue Passenger Kilometers), improved yields, and lower CASK.

Nuvama estimates revenue at Rs 16,218.8 crore, marking a 9% YoY increase but a 17% decline QoQ. The brokerage expects Ebitdar at Rs 3,297.1 crore (up 35% YoY / down 43% QoQ) and core PAT (Profit After Tax) at Rs 107.9 crore, a 43% YoY and 96% QoQ decline.

IndiGo Share Price Today Ahead of Q2 Results

Ahead of its Q2 FY26 earnings announcement, shares of InterGlobe Aviation Ltd closed at Rs 5,700 on November 3, 2025, marking a gain of Rs 75.00 or 1.33% during the trading session.

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