ixigo Q2 profit at Rs 63 Cr on robust show in hotel booking biz
This was aided by the partial sale of stake in Freshbus and strong growth in the hotel bookings segment.
In the second quarter of 2026-27, the travel and ticket booking platform ixigo reported a consolidated net profit of Rs 63.42 crore, marking a significant turnaround from a loss of Rs 3.46 crore in the same period last year. The improved financials were driven by the partial sale of its stake in Freshbus, a startup in intercity electric bus and smart mobility, and robust growth in its hotel booking segment.
Hotels became ixigo's fastest-growing business line in terms of gross transaction value (GTV), reaching Rs 111.34 crore, a remarkable 159% increase compared to the previous year. This marked the first time ixigo reported hotels as a separate business unit. Overall, ixigo's revenue from operations rose to Rs 320.96 crore from Rs 284.23 crore a year ago, while total expenses climbed to Rs 309.51 crore from Rs 291.89 crore.
In the quarter, ixigo delivered steady growth, with a gross transaction value of Rs 5,304 crore, up 22% from the previous year, and revenue from operations of Rs 321 crore, a 13% increase year-over-year. The company's profit after tax reached an all-time high, buoyed by the stake sale in Freshbus. ixigo's leadership team, including CEO Aloke Bajpai, Co-CEO Rajnish Kumar, and CFO Saurabh Devendra Singh, emphasized continued investment in hotels and artificial intelligence as key drivers of long-term growth.
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- ixigo Q2 profit at Rs 63 cr on robust show in hotel booking biz economictimes.indiatimes.com
