InterGlobe Aviation, which operates IndiGo, reported a net loss of Rs 238 crore for the first quarter of fiscal 2027. Higher fuel costs drove expenses above revenue growth. Analysts at Citi and Nuvama kept buy ratings and raised price targets.
The airline cited rising fuel expenses as the main factor behind the Q1FY27 loss. Revenue grew but was outpaced by costs.
Shares of the company dropped 3 percent following the results. Brokerages highlighted strong yields and pricing power as reasons to remain positive.
Citi and Nuvama pointed to disciplined capacity expansion and prospects from international growth. They retained buy ratings despite the earnings miss.
The report noted long-term growth potential driven by overseas routes.