Shares of InterGlobe Aviation, the parent company of IndiGo, dropped nearly 3% on Friday after the airline reported a net loss of Rs 238 crore for the first quarter of FY27, compared to a net profit of Rs 2,176 crore in the same period last year. This loss was due to surging fuel costs stemming from the Middle East conflict.
The shares of the company tumbled to Rs 4,886 apiece on NSE on Friday morning, after the airline released its Q1 results on Thursday. Revenue from operations rose 20% year-on-year (YoY) to Rs 24,584 crore in Q1 FY27 from Rs 20,496 crore in the corresponding quarter of the previous financial year.
