What was filed
InterGlobe Aviation (IndiGo) reported unaudited standalone and consolidated results for the first quarter of fiscal 2027, the three months ended 30 June 2026, following a board meeting on 23 July 2026. The filing carries a limited review report from statutory auditors S.R. Batliboi & Co. LLP, alongside the investor presentation and press release.
The story of the quarter is a reversal in profitability: strong top-line growth was overtaken by a sharper rise in costs, turning last year's June-quarter profit into a loss.
Revenue up, but costs rose faster
Per the filing, revenue from operations climbed close to 20% year-on-year, helped by higher yields — the company noted a 21.3% rise in yield and a 19% rise in passenger unit revenue — even as passenger numbers grew only marginally and load factor eased.
Costs moved the other way. Total expenses rose 34.4% over the same quarter last year, driven overwhelmingly by fuel, where cost jumped 85.7%. Management attributed the reversal to fuel price escalation, adverse foreign exchange movement and the Middle East conflict. That gap between rising revenue and faster-rising costs is what carried the quarter into a loss.
Balance sheet and fleet
The filing set out IndiGo's cash and debt position as of 30 June 2026, including free and restricted cash, capitalized operating lease liability and total debt. The carrier ended the quarter with a fleet of 432 aircraft — a net decrease of nine passenger aircraft during the quarter — serving 97 domestic and 46 international destinations.
On the outlook stated in the filing, the company said second-quarter fiscal 2027 capacity, measured in ASKs, is expected to remain broadly flat versus the year-earlier quarter, reflecting lower aircraft utilization during a seasonally weaker period and the operational uncertainty affecting India–West Asia travel.