ixigo Swings To ₹63 Cr Profit In Q2, Revenue Rises 13% YoY

Online travel company ixigo reported a consolidated net profit of ₹63.4 Cr in the September quarter of FY27, marking a significant turnaround from a loss of ₹3.5 Cr in the same quarter a year ago. This improvement was primarily driven by an exceptional gain of ₹40.7 Cr resulting from the partial divestment of its stake in electric bus operator Freshbus.

The company's operating revenue climbed 12.9% to ₹321 Cr during the quarter, up from ₹284.2 Cr in Q2 of FY26. However, sequential net profit grew by a more substantial 85.2%, rising to ₹31 Cr compared to ₹34.2 Cr in the previous quarter. Despite this strong performance, operating revenue experienced a decline of 10% from the previous quarter, falling to ₹321 Cr from ₹356.8 Cr.

The exceptional gain was a result of the sale of Freshbus shares for ₹36.6 Cr in August, which reduced ixigo's stake from 25.66% to 8.27%. As a consequence, Freshbus was no longer considered an associate of ixigo. Before accounting for exceptional items and taxes, ixigo reported a profit of ₹31 Cr, in contrast to a loss of ₹4 Cr in the previous quarter.

However, this figure was lower than the ₹44.2 Cr recorded in Q1 of FY27. Including other income of ₹22.1 Cr, total revenue for the quarter amounted to ₹343 Cr, up from ₹289.4 Cr in Q2 of FY26.