| ₹ crore | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Revenue | 23,364 | 18,555 | +25.9% |
| EBITDA | 1,907 | 580 | +229.1% |
| EBITDA margin | 8.2% | 3.1% | +5.0 pts |
| Profit before tax | −1,877 | −2,482 | — |
| Net profit | −1,879 | −2,582 | — |
| EPS | −₹48.58 | −₹66.79 | — |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 1,81,315 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 28,097 | 27,068 | 25,848 | 16,266 | 12,826 | ||
| 25.9 | 16.3 | 39,655 | 0.0 | 0.0 | ||
| 1,806 | 1,806 | 1,800 | 1,892 | 2,252 | ||
| 1,55,050 | — | — | — | — | ||
| 93,858 | 84,962 | 80,803 | 68,904 | 54,446 | ||
| — | +5.1% | +17.3% | +26.6% | — | ||
| 11,352 | 11,983 | 18,058 | 16,318 | 6,495 | ||
| 12.1% | 14.1% | 22.4% | 23.7% | 11.9% | ||
| −294 | 1,175 | 9,378 | 9,892 | 1,392 | ||
| −4,105 | −2,394 | 7,258 | 8,172 | −306 | ||
| −4.4% | −2.8% | 9.0% | 11.9% | −0.6% | ||
| −₹106.12 | −₹61.87 | ₹187.75 | ₹211.39 | −₹7.91 | ||
| — | −133.0% | −11.2% | +2,772.6% | — | ||
| — | 23,470 | 24,151 | 21,218 | 12,728 | ||
| — | −2,272 | −2,415 | −2,022 | −570 | ||
| 21,198 | 21,198 | 21,737 | 19,196 | 12,158 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 1,81,315.4 | |
| - Cash, Equiv & ST Investments | 12,826.0 | 16,266.4 | 25,847.9 | 27,067.7 | 28,097.4 | |
| + Minority Interest | 0.0 | 0.0 | 39,654.8 | 16.3 | 25.9 | |
| + Total Debt | 2,252.3 | 1,891.7 | 1,800.0 | 1,806.3 | 1,806.3 | |
| Enterprise Value | — | — | — | — | 1,55,050.2 | |
| Revenue | 54,446.5 | 68,904.3 | 80,802.9 | 84,961.9 | 93,858.2 | |
| Growth %, YoY | — | +26.6 | +17.3 | +5.1 | — | |
| EBITDA | 6,495.4 | 16,317.6 | 18,058.3 | 11,983.4 | 11,351.9 | |
| Margin % | 11.93 | 23.68 | 22.35 | 14.10 | 12.09 | |
| EBIT | 1,392.4 | 9,891.8 | 9,378.1 | 1,175.2 | -294.2 | |
| Net Income | -305.8 | 8,172.5 | 7,258.4 | -2,393.6 | -4,104.9 | |
| Margin % | -0.56 | 11.86 | 8.98 | -2.82 | -4.37 | |
| EPS, Adj (current shares) | -7.91 | 211.39 | 187.75 | -61.87 | -106.12 | |
| Growth %, YoY | — | +2,772.6 | -11.2 | -133.0 | — | |
| Cash from Operations | 12,727.9 | 21,217.6 | 24,151.3 | 23,469.9 | — | |
| Capital Expenditures | -569.8 | -2,021.8 | -2,414.5 | -2,271.8 | — | |
| Free Cash Flow | 12,158.1 | 19,195.8 | 21,736.8 | 21,198.1 | 21,198.1 | |
Prices at the 29 October 2026 close · figures from the company's filings with NSE
InterGlobe Aviation (NSE: INDIGO) had a market capitalisation of ₹1,80,782 crore at the 29 October 2026 close (₹4,675.00 a share) and a price-to-book ratio of 36.19. In FY26 its consolidated net loss was ₹2,392 crore on revenue of ₹84,962 crore; in Q2 FY27 (July–September 2026) it was a loss of ₹1,879 crore. Its debt-to-equity ratio was 0.45 on 30 September 2026. Promoters held 41.57% of the shares on 30 September 2026.
IndiGo's PE ratio is not meaningful at the 29 October 2026 close: its consolidated net profit attributable to shareholders over the last four quarters (Q3 FY26 to Q2 FY27) was a loss of ₹4,103 crore, and a price-to-earnings ratio needs positive earnings. Its market capitalisation was ₹1,80,782 crore at ₹4,675.00 a share.
IndiGo's price-to-book (PB) ratio is 36.19 at the 29 October 2026 close: a market capitalisation of ₹1,80,782 crore divided by shareholders' equity (book value) of ₹4,995 crore on 30 September 2026. That is a book value of ₹129.18 per share against a share price of ₹4,675.00.
IndiGo's net worth — shareholders' equity in its consolidated balance sheet — was ₹4,995 crore on 30 September 2026, down 42.1% from ₹8,634 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹1,80,782 crore at the 29 October 2026 close.
IndiGo's market capitalisation was ₹1,80,782 crore (₹1.81 lakh crore) at the 29 October 2026 close: 38.67 crore shares at ₹4,675.00 each.
No. IndiGo had borrowings of ₹2,281 crore on 30 September 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.45. Its cash and current investments were ₹52,050 crore, so it held net cash of ₹49,769 crore.
IndiGo's basic earnings per share (EPS) were −₹61.88 in FY26. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to −₹106.13.
IndiGo's debt-to-equity ratio was 0.45 on 30 September 2026: borrowings of ₹2,281 crore against total equity of ₹5,021 crore. A year earlier, on 30 September 2025, it was 0.21.
Promoters held 41.57% of IndiGo on 30 September 2026, unchanged from the previous quarter and down 0.01 percentage points from 41.58% a year earlier, according to the shareholding pattern filed with NSE.
In FY26 (April 2025–March 2026), IndiGo's consolidated net loss was ₹2,392 crore, against a profit of ₹7,258 crore in FY25, on revenue from operations of ₹84,962 crore (up 5.1%).
In FY26, IndiGo's return on equity (ROE) was −29.3% and its return on capital employed (ROCE) was 1.3%. ROE is net profit attributable to shareholders divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 127.7% and ROCE 14.1%.
On 30 September 2026, IndiGo's shares were held by promoters 41.57%, foreign portfolio investors (FII/FPI) 19.89%, domestic institutions (DII) 33.31% (including mutual funds at 25.58%) and retail and other non-institutional investors 5.23%. Over the year, FII holding was down 8.55 percentage points from 28.44% and DII holding was up 8.65 percentage points from 24.66%.
In FY26, IndiGo earned net profit attributable to shareholders of ₹2,392 crore on revenue of ₹84,962 crore, against ₹12,782 crore on ₹38,736 crore for Adani Ports. IndiGo's operating margin was 1.4% (Adani Ports 44.8%) and its return on equity −29.3% (Adani Ports 15.7%). At the 29 October 2026 close, IndiGo's market capitalisation was ₹1,80,782 crore against ₹4,31,299 crore for Adani Ports.
IndiGo's book value per share was ₹129.18 on 30 September 2026: shareholders' equity of ₹4,995 crore divided by the 38.67 crore shares in issue, down 42.2% from ₹223.33 a year earlier. The share price at the 29 October 2026 close was ₹4,675.00.
In FY26, IndiGo generated ₹23,470 crore of cash from operations and spent ₹2,272 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹21,198 crore. In FY25 it was ₹21,737 crore.
IndiGo's latest results are for Q2 FY27 (July–September 2026), filed on 29 October 2026: consolidated net loss ₹1,879 crore, narrower than the loss of ₹2,582 crore in Q2 FY26; revenue from operations ₹23,364 crore, up 25.9% year on year.
IndiGo has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.
On FY26 consolidated figures, against Adani Ports, Eternal (Zomato) and Trent: IndiGo's operating margin of 1.4% is the third highest of the four (Adani Ports 44.8%, Eternal (Zomato) −0.7%, Trent 11.5%; peer average 18.5%); its return on equity of −29.3% is the lowest of the four (Adani Ports 15.7%, Eternal (Zomato) 1.2%, Trent 27.6%; peer average 14.8%); its revenue growth over three years of 16.0% a year is the lowest of the four (Adani Ports 22.9% a year, Eternal (Zomato) 97.3% a year, Trent 34.6% a year; peer average 51.6% a year).
From InterGlobe Aviation's own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.