New Delhi— Shares of InterGlobe Aviation, the parent company of IndiGo Airlines, fell nearly 3 percent on Tuesday following a major stake sale by co-founder Rakesh Gangwal. Gangwal offloaded 2.26 crore shares in a block deal, valued at approximately ₹11,928 crore.
The sale represents a 5.8 percent stake in India’s largest budget carrier, according to reports. Gangwal, who resigned from InterGlobe Aviation’s board in 2022, remains one of the company’s largest shareholders.
The block deal was priced at ₹5,260 per share, roughly 3 percent below Monday’s closing price. Despite the initial market reaction, IndiGo’s stock recovered some ground and was trading at ₹5,318 per share, down 1.88 percent, as of 11 a.m.
The sale comes on the heels of a strong financial performance by the airline in the fourth quarter of FY25 (January–March). IndiGo reported a consolidated net profit of ₹3,067.5 crore, marking a 61.89 percent year-on-year increase from ₹1,894.8 crore in Q4 FY24. Excluding the impact of foreign exchange fluctuations, profit rose 44.7 percent to ₹2,981.1 crore.
Operating revenue for the quarter climbed 24.3 percent year-on-year to ₹22,151.9 crore, up from ₹17,825.3 crore. The airline also saw a 57.5 percent increase in EBITDAR (Earnings Before Interest, Taxes, Depreciation, Amortization, and Rent), which rose to ₹6,948.2 crore. The EBITDAR margin improved to 31.4 percent from 24.8 percent in the same quarter last year.
IndiGo’s operational metrics remained strong, with a 21 percent year-on-year rise in capacity and a 19.6 percent increase in passenger traffic, reaching 3.19 crore flyers in the quarter. The airline’s load factor—a measure of seat occupancy—also edged higher to 87.4 percent, compared to 86.3 percent in Q4 FY24. (Source: IANS)
