IndiGo Q3 Profit Plunges 77%: Should You Buy or Sell? Brokerages Weigh In

• IndiGo's Q3 profit dropped 77% year-on-year to ₹550 crore due to new labor codes and operational disruptions in December 2025.
• Operational difficulties and flight chaos led to a one-time loss of ₹577.2 crore, impacting quarterly results despite strong demand.
• Brokerages like UBS, Citi, and Goldman Sachs maintained 'Buy' ratings, citing strong underlying profitability (excluding extraordinary expenses) and international expansion.
• UBS set a target of ₹6,170, Citi ₹5,700, and Goldman Sachs ₹6,000, emphasizing capacity growth and improved yields.
• Despite Q3 challenges, brokers believe IndiGo's strong balance sheet, cash position, and Q4 capacity growth indicate a robust medium to long-term outlook.

Why It Matters: Despite a significant Q3 profit drop, brokerages recommend 'Buy' for IndiGo, citing strong long-term growth potential.