INDIGO · NSE
InterGlobe Aviation (IndiGo)
Phase 1 · Startup
Pre-profit — revenue is still small and the company has not yet turned cash-flow positive.
Phase 1
Startup
Phase 2
Hyper Growth
Phase 3
Operating Leverage
Phase 4
Capital Return
Phase 5
Decline
Revenue growth (YoY)
5.1%
Mar 2026 vs Mar 2025
Net profit growth (YoY)
-133.0%
Operating cash flow
₹23470 Cr
Mar 2026
Returning capital?
Yes
Last dividend ex-date 2025-08-12
Revenue, profit & operating cash flow
₹ crore, by fiscal year
RevenueNet profitOperating cash flowRevenue ends at ₹84962 Cr. Net profit ends at -₹2394 Cr. Operating cash flow ends at ₹23470 Cr.
Judge management on
Whether losses are narrowing and cash runway is adequate.
Key metric to watch
Cash runway and the rate revenue is scaling.
Typically valued on
Revenue multiples — earnings multiples are not meaningful yet.
| Fiscal year | Revenue | Net profit | Operating cash flow |
|---|---|---|---|
| Mar 2021 | ₹14641 Cr | -₹5806 Cr | -₹1614 Cr |
| Mar 2022 | ₹25931 Cr | -₹6162 Cr | ₹2091 Cr |
| Mar 2023 | ₹54446 Cr | -₹306 Cr | ₹12728 Cr |
| Mar 2024 | ₹68904 Cr | ₹8172 Cr | ₹21218 Cr |
| Mar 2025 | ₹80803 Cr | ₹7258 Cr | ₹24151 Cr |
| Mar 2026 | ₹84962 Cr | -₹2394 Cr | ₹23470 Cr |
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