After Air India, IndiGo hikes fares from March 14. (Photo: X)
IndiGo Shares Take a Midair Dip
IndiGo experienced share fluctuations during Friday’s trading session on January 23, as the airline disclosed its Q3FY26 results, causing its stock to drop 4% in the initial trading period. The stock opened at ₹4,840.10, down from Thursday’s close of ₹4,913.80, and briefly touched an intraday low of ₹4,723.60. The airline managed to recover some of its losses, trading 1.75% lower at ₹4,827.85 in early training. Is this situation a sign of an extended journey through turbulence, or just a brief interruption? Traders and investors will be watching closely for the next move.
| Metric | Q3FY26 Performance | Year-on-Year (YoY) Change |
|---|---|---|
| Consolidated Profit | ₹5,498 million | 77.55% decline |
| One-Time Impacts | ₹9,693 million (new labour laws) + ₹5,772 million exceptional items | — |
| Revenue | ₹2,34,719 million | 6.2% growth |
| EBITDAR | ₹60,084 million | 0.8% decline |
| Capacity | 45.4 billion | 11.2% growth |
| Passengers | 31.9 million | 2.8% growth |
Is this teh correct time to invest in the company while it’s having a dip?
Here’s what you should know- JM Financial, Motilal Oswal, Emkay Global remain positive on IndiGo shares; targets ₹5,420–6,300; earnings, rupee, operational risks noted; long-term growth expected; grounded aircraft return and domestic network strengthen outlook.
JM Financial – Upgraded to “Add,” Target ₹5,420
Earnings revised down due to weaker rupee
P/E multiple pegged to long-term average of ~20x
Motilal Oswal – Buy, Target ₹6,100
Long-term growth expected; domestic network remains backbone
Return of grounded aircraft and demand recovery to drive revenue, EBITDAR, and PAT CAGR 12–13% over FY25–28
Emkay Global – Buy, Target ₹6,300
Gradual operational improvement expected
Risks: fuel prices, currency volatility, operational issues
FY26E EBITDA cut 5%; FY27–28 estimates unchanged
AEPS adjusted downward 6–10% due to exceptional items
(With Inputs)
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