{
  "id": 15146010,
  "title": "ixigo Swings To ₹63 Cr Profit In Q2, Revenue Rises 13% YoY",
  "url": "https://urgent.news/2026/10/17/ixigo-swings-to-63-cr-profit-in-q2-revenue-rises-13-yoy",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-17T07:11:21.000Z",
  "source": {
    "name": "Inc42",
    "slug": "inc42",
    "url": "https://inc42.com/buzz/ixigo-swings-to-%e2%82%b963-cr-profit-in-q2-revenue-rises-13-yoy/"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "Online travel aggregator ixigo swung to a consolidated net profit of ₹63.4 Cr in the September quarter of FY27 from…",
  "key_points": [
    "ixigo reported ₹63.4 Cr profit in Q2 FY27, reversing ₹3.5 Cr loss from same period last year",
    "Operating revenue grew 12.9% to ₹321 Cr, up from ₹284.2 Cr in Q2 FY26",
    "Exceptional gain of ₹40.7 Cr from Freshbus divestment, reducing stake from 25.66% to 8.27%"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}