Just a moment...

Top
Help
AI Drafter

Generate professional replies to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.

Step 1 – Issue Identification & Review

The AI analyses your query, notice, order, or uploaded documents and identifies the key issues involved.

• Review the issues identified by the AI
• Add, edit, remove, or refine issues as required


Step 2 – Draft Generation

Once you approve the issues, the AI performs issue-wise legal research and prepares a structured draft response.

• Relevant statutory provisions
• Judicial precedents and Supreme Court, High Court and other citations
• Issue-wise legal analysis
• Practical arguments and supporting content
• Professionally structured draft ready for further review.

Try Now
×

By creating an account you can:

Logo TaxTMI
>
Call Us / Help / Feedback

Contact Us At :

E-mail: [email protected]

Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
TMI Blog
Home / RSS

IndiGo posts Rs 2,537 cr loss in Q4 on forex impact, challenging operating conditions

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ndiGo posts Rs 2,537 cr loss in Q4 on forex impact, challenging operating conditions<BR>FEMA / RBI<BR>Dated:- 29-5-2026<BR>PTI<BR>New Delhi, May 29 (PTI) Flying into the red, IndiGo on Friday reported a loss of Rs 2,536.9 crore in the March quarter due to multiple headwinds, including challenging operating conditions and rupee depreciation. The country's largest airline had a profit of Rs 3,06....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....7.5 crore in the year-ago period. For the 2025-26 fiscal, the carrier posted a net loss of Rs 2,393.6 crore, but excluding the impact of foreign exchange and exceptional items, it would have been a profit of Rs 7,502.5 crore, it said in a release. Total income in the fourth quarter of the 2025-26 fiscal rose over 3 per cent to Rs 23,830.7 crore from Rs 23,097.5 crore in the same period a y....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ear ago, according to a release. "For the quarter ended March 2026, IndiGo reported a net loss of INR 25,369 million. Excluding the impact of foreign exchange and exceptional items, the company reported a net profit of Rs 19,206 million," the release said. Despite continuing external disruptions in 2025-26, IndiGo said its capacity rose 9.5 per cent on an annual basis, and the total income....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... grew 6.4 per cent to Rs 89,513.4 crore. "Exceptionally sharp rupee depreciation, changes in labour laws and a challenging operating environment offset the operational profit and the company reported a net loss of Rs 23,936 million," the airline said. In 2025-26, the foreign exchange loss was around Rs 8,100 crore, and the impact of the December flight disruptions stood at Rs 580 crore. Be....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....sides, the expenses related to the implementation of the new labour laws were at Rs 1,200 crore, as per the airline's financial statements. IndiGo MD Rahul Bhatia said FY26 was marked by an exceptionally challenging operating environment, which materially impacted its profitability. "During the year, our capacity grew by 9.5 per cent, and total income increased by over 6 per cent. Excludin....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....g the impact of foreign exchange and exceptional items, IndiGo delivered a profit of Rs 75 billion," he said. In the June quarter, capacity in terms of ASKs (Available Seat Kilometres) is expected to grow around 3-4 per cent as compared to the first quarter of fiscal year 2026. The airline witnessed multiple challenges in the last financial year, including the massive operational disruptio....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ns, especially between December 3 and 5 last year -- a period during which 2,507 flights were cancelled, and 1,852 flights were delayed, impacting over 3 lakh passengers at airports across the country. In March, Pieter Elbers quit as the CEO, and later that month, the airline announced the appointment of William Walsh, a pilot and current chief of the global airlines' grouping IATA, as its nex....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....t CEO. The airline's domestic market share stood at 63.3 per cent in March. Shares of IndiGo fell 3.27 per cent to close at Rs 4,418.40 apiece on the BSE. PTI RAM HVA =============<BR> News - Press release - PIB....