Now Reading: Ixigo swings to ₹63 crore profit in Q2, revenue up 13%
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Ixigo swings to ₹63 crore profit in Q2, revenue up 13%
The Story in Brief
Le Travenues Technology, the parent of online travel platform Ixigo, reported a consolidated net profit of ₹63.42 crore for the September quarter, compared with a net loss of ₹3.46 crore a year earlier. Revenue from operations rose 13% year-on-year to ₹321 crore. The profit was boosted by a ₹40.7 crore exceptional gain from the partial sale of its stake in inter-city bus operator Freshbus in August.
Among segments, train revenue grew 16% to ₹149 crore, bus revenue rose 24% to ₹81 crore, but flight revenue fell 8% to ₹83 crore. Hotels, disclosed as a separate segment for the first time, posted GTV growth of 159% to ₹111 crore and revenue surging over 500% to ₹8.1 crore. Adjusted EBITDA declined 17% year-on-year to ₹23.58 crore.
For the first half of FY27, operating revenue stood at ₹678 crore and net profit at ₹97.6 crore. Ixigo shares jumped over 13% on Monday, 19 October, to an intraday high of ₹163.30. Motilal Oswal retained a Neutral rating, citing continued investments in hotels and AI that could weigh on margins.
Indian Opinion Analysis
All six sources neutrally report the Ixigo Q2 turnaround, framing it around the 13% revenue rise and the exceptional gain from the Freshbus stake sale. CNBCTV18 and Business Standard lead with the net profit figure and the hotel segment's 159% GTV growth, while Inc42 and Entrackr emphasise the sequential revenue decline of 10% and the exceptional gain's role in the profit. Livemint adds the market reaction, reporting a 13% share jump, and a Neutral rating from Motilal Oswal, citing margin concerns from hotel and AI investments. The uniform core is that underlying operating profit before exceptional items was ₹31 to 33.5 crore, and adjusted EBITDA fell 17% year-on-year to ₹23.58 crore, its lowest in five quarters, per Entrackr. No source adds editorial commentary, leaving the balanced reading as a profitable quarter boosted by a one-time stake sale, with margins under pressure from growth investments.
Coverage: 6 sources, 6 neutral
Sources (6): cnbctv18.com (neutral report), economictimes.indiatimes.com (neutral report), inc42.com (neutral report), business-standard.com (neutral report), entrackr.com (neutral report), livemint.com (neutral report)
This brief was synthesised by AI from the 6 sources linked above, so one read covers every framing they carry. Methodology and corrections.
