**IndiGo Q3 Earnings Update** IndiGo reported a severe decline in profitability for the December quarter, with net profit plunging **75%**. The financial results were heavily impacted by a **Rs 577 crore** exceptional charge linked to widespread flight cancellations. Operational instability significantly weighed on the bottom line. The carrier absorbed heavy costs related to refunds and service lapses after grounding thousands of flights. Additionally, provisions for new labour code requirements further eroded earnings. Despite these operational headwinds, revenue streams remained resilient. Both ticket sales and ancillary revenues continued to grow, demonstrating sustained demand even as the airline navigates heightened regulatory scrutiny and market volatility.