ixigo Q2 profit hits Rs 63.42 crore, aided by Freshbus stake sale

Travel-booking platform ixigo, operated by Le Travenues Technology Limited, reported a consolidated net profit of Rs 63.42 crore on Saturday, October 17, for the September quarter of FY2026-27. The Economic Times Markets, citing a regulatory filing and the company's statement, reported that a partial sale of its Freshbus stake and strong hotel-booking growth supported the turnaround from a Rs 3.46 crore loss a year earlier.

Revenue from operations increased to Rs 320.96 crore from Rs 284.23 crore in the corresponding quarter, a rise of about 13%. Total expenses also increased, reaching Rs 309.51 crore against Rs 291.89 crore a year earlier.

Hotels lead transaction-value growth

Hotel bookings recorded gross transaction value, or GTV, of Rs 111.34 crore, up 159% year on year. The company described hotels as its fastest-growing business line by that measure and disclosed the segment separately for the first time.

Across the platform, quarterly GTV reached Rs 5,304 crore, an increase of 22% from a year earlier. GTV measures the value of transactions handled by a platform and is distinct from the revenue it earns.

Stake sale contributes to record earnings

In a joint statement, Group CEO Aloke Bajpai, Group Co-CEO Rajnish Kumar and Group CFO Saurabh Devendra Singh described quarterly profit after tax as an all-time high, helped by the partial Freshbus stake sale. The reported profit therefore reflects that transaction's contribution as well as the booking business's performance.

The executives said ixigo would continue investing in hotels and artificial intelligence as drivers of long-term growth.