Shares of InterGlobe Aviation, the parent company of India's largest carrier IndiGo, fell for a third consecutive session on Friday, dropping 3% to an intraday low of ₹4,886.
The decline marks a cumulative loss of 9% for the stock in July, driven by investor concern over deteriorating profitability metrics.
The carrier reported a net loss of ₹238 crore for the second quarter, a result that disappointed market expectations.
The carrier reported a net loss of ₹238 crore for the second quarter, a result that disappointed market expectations.
Management cited rising fuel expenses and elevated operational costs as the primary headwinds impacting the bottom line.
The margin pressure reflects broader challenges in the aviation sector as input costs remain sticky.
Despite the recent earnings miss and share price weakness, analyst sentiment remains cautiously optimistic.