IndiGo posts ₹382 crore Q1 loss as fuel costs surge, but brokerages retain Buy calls
InterGlobe Aviation’s revenue rose 20% year on year to ₹24,584 crore in the June quarter, but an 86% jump in fuel expense pushed IndiGo to a ₹382 crore loss. Motilal Oswal and Elara Capital retained positive outlooks, citing demand, yields and pricing power despite crude and forex risks.
IndiGo posted a ₹382 crore June-quarter loss as fuel costs surged 86%, though revenue rose 20% on higher fares. Brokerages retained Buy ratings, citing resilient passenger demand and pricing power while flagging crude, forex and geopolitical risks.
Why this matters
The June-quarter loss follows a prior signal on IndiGo’s ₹238 crore Q1 loss tied to an 86% fuel-cost rise. It also comes as IndiGo warns that airport operators owning airlines could create conflicts of interest.
The retail-company theme is accelerating, up 1,078,900% QoQ.