ixigo Shares Jumps 13% After Q2 Profit Swings To ₹63 Cr

Shares of Indian online travel company ixigo surged 13.12% on the BSE after it posted a Q2 FY27 consolidated net profit of ₹63.4 Cr, marking a turnaround from a loss of ₹3.5 Cr in the same period last year. The stock saw a brief rally to ₹163.30 per share before settling at ₹159.80. Company market cap stood at ₹7,066 Cr ($745 Mn) at the higher price point.

Operating revenue increased 12.9% to ₹321 Cr, driven by a 22% YoY rise in gross transaction value (GTV) to ₹5,304.5 Cr across train, bus, flight and hotel bookings. Net profit jumped 85.2% sequentially to ₹63.4 Cr, aided by an exceptional gain of ₹40.7 Cr from a partial sale of Freshbus stake. Other income rose to ₹22.1 Cr from ₹5.2 Cr a year prior.

Revenue declined 10% quarter-over-quarter from ₹356.8 Cr, while total expenses grew 6% YoY to ₹309.5 Cr. EBITDA rose 26.1x YoY to ₹40.1 Cr but adjusted EBITDA margin narrowed 17.2% to ₹23.6 Cr. CEO Aloke Bajpai, Co-CEO Rajnish Kumar and CFO Saurabh Devendra Singh cited the profit surge to ₹63.4 Cr as a testament to the company's resilient growth and strategic moves like Freshbus stake sale.