IndiGo's profit plunged 77.5% year-on-year on Jan. 23, 2026, due to new labor costs, disruptions, and currency losses, despite revenue growth.

IndiGo's shares fell 4% on January 23, 2026, after reporting a 77.5% year-on-year drop in profit to ₹5.5 billion, driven by one-time costs from new labor laws, operational disruptions, and currency losses. Despite a 6.2% revenue rise and higher capacity and passenger numbers, EBITDAR dipped 0.8%. Brokerages maintained "buy" ratings, citing long-term potential and recovery, with target prices up to ₹6,300.