IndiGo Shares Slump as CCI Probe Triggers Scrutiny; Profits Fall, Revenue Rises
IndiGo Shares Slump as CCI Probe Triggers Scrutiny; Profits Fall, Revenue Rises
InterGlobe Aviation faces a CCI probe after a prima facie order, while Q3 FY26 profits collapse 77.6% YoY to ₹549.1 crore and revenue climbs 6.2% to ₹23,471.9 crore.
Shares of InterGlobe Aviation Ltd, the parent company of IndiGo, slipped 0.60 per cent on Thursday to close at Rs 4,933.95. At the current level, the stock is down 14.65 per cent over the past six months. The airline issued a clarification over an exchange query regarding a probe initiated by the fair trade regulator CCI. A prima facie order dated February 4, 2026, directs the CCI’s Director General to initiate an investigation against the company. The order is available on the website of the CCI. The Company is currently reviewing the Order and will take appropriate recourse upon review of the Order in detail.
On the earnings front, IndiGo reported a sharp 77.6 per cent year-on-year (YoY) decline in net profit at Rs 549.1 crore for the December 2025 quarter (Q3 FY26). Revenue, however, rose 6.2 per cent YoY to Rs 23,471.9 crore during the quarter. The profit decline was primarily due to exceptional costs, including Rs 577 crore related to flight disruptions in December 2025 and Rs 969 crore towards the implementation of new labour codes. Despite near-term volatility, some analysts remain cautiously optimistic on the stock, suggesting a hold and potential fresh buying on dips for the medium- to long-term.
