Shares of online travel aggregator ixigo rose 13.12% to an intraday high of ₹163.30 apiece on the BSE after the company reported a consolidated net profit of ₹63.4 Cr in Q2 FY27 against a loss of ₹3.5 Cr a year earlier.
The stock later pared some gains to trade 10.70% higher at ₹159.80 at 11:05 IST. The company’s market capitalisation stood at ₹7,066 Cr (about $745 Mn) at this price.
ixigo’s operating revenue grew 12.9% to ₹321 Cr in Q2 FY27 from ₹284.2 Cr a year earlier. Net profit rose 85.2% sequentially to ₹63.4 Cr from ₹34.2 Cr, while revenue declined 10% QoQ from ₹356.8 Cr.
The profit was boosted by an exceptional gain of ₹40.7 Cr from ixigo’s partial exit from electric bus operator Freshbus. In August, ixigo sold a part of its stake in Freshbus for ₹36.6 Cr, bringing its holding down to 8.27% from 25.66%. The gain also included the revaluation of its remaining stake. Following the sale, Freshbus ceased to be an associate of ixigo.
Before exceptional items and tax, ixigo reported a profit of ₹31 Cr, compared with a loss of ₹4 Cr in Q2 FY26. However, this was lower than the ₹44.2 Cr recorded in the previous quarter.
Other income rose to ₹22.1 Cr from ₹5.2 Cr a year earlier, taking total income to ₹343 Cr from ₹289.4 Cr. Total expenses increased 6% YoY to ₹309.5 Cr from ₹291.9 Cr.
EBITDA rose to ₹40.1 Cr from ₹1.5 Cr in the year-ago quarter. However, adjusted EBITDA fell 17.2% to ₹23.6 Cr from ₹28.5 Cr, while the adjusted EBITDA margin narrowed to 7.3% from 10%. The year-ago quarter included a one-off ESOP expense of ₹26.9 Cr.
ixigo’s gross transaction value (GTV), which measures the total value of bookings made on its platform, grew 22% YoY to ₹5,304.5 Cr during the quarter. Growth came from its train, bus and flight businesses, alongside an expansion in hotel bookings.
“In Q2 FY27, we delivered resilient growth with quarterly GTV of ₹5,304 Cr, up 22% YoY, and revenue from operations of ₹321 Cr, up 13% YoY. Our PAT was an all-time high aided by our partial sale of stake in Freshbus,” group CEO Aloke Bajpai, group co-CEO Rajnish Kumar and group CFO Saurabh Devendra Singh said in a joint statement.
ixigo is looking to grow its hotel business by encouraging its existing train, bus and flight customers to book stays through the platform. Hotel GTV rose 2.6 times YoY to ₹111 Cr, with a gross take rate of more than 12%.
Hotel bookings crossed 4.7 Lakh room nights during the quarter, up 295% YoY. More than 86% of these bookings came from existing users. ixigo’s hotel inventory covered
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