IndiGo Share Price At 7% In The Red Plunges As Much As 13% Today On Q2 Losses

Shares of InterGlobe Aviation, the parent company of IndiGo, plummeted as much as 13% to ₹3,778.50 today, following the airline's disappointing Q2 earnings. However, the stock eventually settled at ₹1,921.50, still down 7% from its previous close.

IndiGo reported a net loss of ₹987 crore for the quarter ended of the financial year 2024-25, compared to a profit of ₹189 crore during the same quarter of the previous year.

However, revenue from operations jumped 14% year on year (YoY) to Rs 16,970 crore during the quarter.