It added that the numbers could change from here based on how the situation evolves. The company expects its quarterly earnings to be materially impacted because of the above. In addition, the rupee has also depreciated sharply which will have an adverse impact on the firm's dollar denominated liabilities primarily on account of capitalized operating leases.

Interglobe Aviation reported a consolidated net profit surged 167.86% to Rs 495.97 crore on a 25.45% jump in net sales to Rs 9,931.68 crore in Q3 December 2019 over Q3 December 2018.

Interglobe Aviation (Indigo) is among the fastest growing low cost carriers in the world.