Ixigo posts Rs 63 Cr profit in Q2 FY27 on the back of FreshBus exit and other income

Online travel aggregator ixigo has released its financial results for the second quarter of FY27, reporting a 13% year-on-year growth in operating revenue. The company also swung to a net profit of Rs 63.42 crore, steered by the sale of its stake in FreshBus and Rs 22 crore in other income.The Gurugram-based company’s operating revenue increased 13% year-on-year to Rs 321 crore in Q2 FY27, compared with Rs 284 crore in Q2 FY26, according to its unaudited financial results sourced from the National Stock Exchange.

Train bookings remained the largest contributor to the company's operating revenue, spiking 16.4% year-on-year to Rs 149.1 crore in Q2 FY27 from Rs 128.1 crore in the corresponding quarter last year.

Bus revenue grew 23.8% to Rs 81 crore in Q2FY27 from Rs 65.4 crore, whereas revenue from flight bookings declined 7.5% to Rs 82.7 crore in Q2FY27 from Rs 89.4 crore. The hotel segment recorded the sharpest growth, with revenue surging to Rs 8.1 crore from Rs 1.3 crore in Q2 FY26.

Besides operational revenue, the company reported Rs 22 crore from other income, pushing its total income to Rs 343 crore in Q2 FY27.

Employee benefit expenses declined 13.2% to Rs 64.38 crore from Rs 74.18 crore, while total  increased 6% year-on-year to Rs 309.5 crore in Q2 FY27. 

Notably, on a quarterly basis, ixigo’s revenue fell 10% from Rs 357 crore in the previous quarter (Q1 FY27).On the profitability front, ixigo reported a net profit of Rs 63.42 crore in Q2 FY27, against a loss of Rs 3.46 crore a year ago. The profit included an exceptional gain of Rs 36.6 crore from the sale of FreshBus shares and the fair value gain on its retained stake. However, profit before tax and exceptional items declined 30% quarter-on-quarter to Rs 33.5 crore from Rs 48 crore in Q1 FY27. 

Significantly, the firm’s adjusted EBITDA fell 17% year-on-year to Rs 23.58 crore, its lowest level in five quarters.

For the first half of FY27, ixigo's operating revenue grew 13% year-on-year to Rs 678 crore from Rs 600 crore in H1 FY26, with a Rs 97.6 crore profit.

Ixigo’s shares closed 4.6% higher at Rs 144.46 on Friday, valuing the online travel aggregator at a market capitalisation of Rs 6,102 crore.

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