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0 0.00274348422496577 0.00411522633744859 -0.00411522633744859 -0.00411522633744859 -0.00514403292181065 -0.00514403292181065 -0.00514403292181065
Stock impact report

India's largest airlines sees shares drop after earnings plunge 78% on forex and other provisions [MSNBC.com]

ICICI Bank Limited (IBN) 
Company Research Source: MSNBC.com
Passengers are seen amid heavy crowds and chaotic scenes at Indira Gandhi International Airport after stringent new crew-rostering rules triggered widespread delays and cancellations in New Delhi, India, on Dec. 5, 2025.Amarjeet Kumar Singh | Anadolu | Getty ImagesIndia's largest airline, Indigo, that cancelled more than 2,500 flights within days last month causing massive disruptions, reported a 78% drop in profit in the December quarter, sending its shares down more than 3%.The company, which reported results after market close on Thursday, made aprovisionThe larger impact on its earnings, however, was from a one-time charge owed to the implementation of new labor code and forex losses, together amounting to about 20 billion rupees.The lack of progress on the U.S.-India trade deal has hurt investor confidence, contributing to capital outflows, and has weighed on theThe currency was last trading at 91.52 and expertspredictThe March quarter for the airline is "expected to be weaker" d Show less Read more
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