{
  "id": 15180703,
  "title": "ixigo Q2 profit at Rs 63 Cr on robust show in hotel booking biz",
  "url": "https://urgent.news/2026/10/17/ixigo-q2-profit-at-rs-63-cr-on-robust-show-in-hotel-booking-biz",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-17T10:58:08.000Z",
  "source": {
    "name": "YourStory",
    "slug": "yourstory",
    "url": "https://yourstory.com/2026/10/ixigo-q2-profit-at-rs-63-cr-on-robust-show-in-hotel-booking-biz"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "This was aided by the partial sale of stake in Freshbus and strong growth in the hotel bookings segment.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Economic Times - Top News",
        "title": "ixigo Q2 profit at Rs 63 cr on robust show in hotel booking biz",
        "url": "https://urgent.news/2026/10/17/ixigo-q2-profit-at-rs-63-cr-on-robust-show-in-hotel-booking-biz-15183389",
        "published": "2026-10-17T10:51:46.000Z"
      }
    ]
  },
  "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."
}