Ixigo Shares Jump 13% as Q2 Profit Hits ₹63 Crore

Shares of Le Travenues Technology, the parent company of online travel platform ixigo, rose more than 13% on October 19 after the company reported its highest-ever consolidated quarterly profit for the second quarter of fiscal year 2027. Ixigo posted a net profit of ₹63.42 crore for the July–September quarter, reversing a net loss of ₹3.46 crore in the same period last year. Revenue from operations increased 12.9% year over year to ₹320.96 crore, while gross transaction value (GTV) grew 22% to ₹5,304.47 crore.

The results highlighted growth in flights, buses and especially hotel bookings, as ixigo continues to expand beyond its traditional train-ticketing business. However, the headline profit figure requires context: a ₹40.7 crore exceptional gain linked to the partial sale of its stake in electric bus operator Freshbus boosted earnings. Profit before exceptional items and tax improved to ₹31 crore, but adjusted EBITDA declined 17% year over year. Investors are therefore assessing both the company’s growing travel business and the sustainability of its underlying profitability.

Key Takeaways

• Share price: Ixigo shares rose more than 13% during trading on October 19, following the results announcement.
• Record profit: Consolidated net profit reached ₹63.42 crore, compared with a loss of ₹3.46 crore a year earlier.
• Revenue growth: Revenue from operations increased 12.9% to ₹320.96 crore.
• Transaction growth: Gross transaction value rose 22% to ₹5,304.47 crore.
• Freshbus gain: A ₹40.7 crore exceptional gain from a partial stake sale supported reported earnings.
• Hotels expand rapidly: Hotel GTV grew approximately 159% year over year to ₹111.34 crore.
• Profitability caveat: Adjusted EBITDA fell 17% to ₹23.58 crore, despite the record net profit.

Why Did Ixigo Shares Rise 13%?

The immediate trigger was the company’s record quarterly profit and continued growth in travel bookings. Investors often respond positively when a company moves from a loss to a profit, particularly when revenue and transaction volumes are also increasing.

On the BSE, ixigo’s share price reached an intraday high of ₹163.30 on October 19, compared with the previous closing price of ₹144.35. That represented a gain of approximately 13.1%. The rally followed the financial results announced over the weekend.

The earnings release gave investors several positive indicators. Revenue increased year over year, the value of bookings rose across major travel categories, and hotels emerged as a significant growth area. These developments suggest that ixigo is expanding its commercial activity beyond its core ticket-booking operations.

Nevertheless, the share-price movement reflects market expectations at a particular point in time. It does not establish that the stock will continue rising or that the company’s future earnings will match the latest quarter’s headline profit.

The one-time gain behind the record profit

Ixigo’s net profit was supported by a ₹40.7 crore exceptional gain associated with its partial exit from Freshbus.

The company sold Freshbus shares worth approximately ₹36.6 crore in August, reducing its ownership from 25.66% to 8.27%. Freshbus consequently ceased to be an associate of ixigo. The exceptional gain included the effect of the stake sale and the remeasurement of its remaining investment.

This distinction matters because gains from selling investments are different from recurring income generated by selling travel tickets, hotel bookings or other services.

The gain contributed substantially to the quarter’s reported profit. However, ixigo also improved its profit before exceptional items and tax to ₹31 crore, compared with a loss of approximately ₹4 crore in the year-ago quarter. That indicates an improvement in operating performance even after separating the exceptional gain from the headline result.

Ixigo Q2 FY27 Results: The Main Numbers

The company’s financial results show year-over-year growth in both revenue and transaction activity, although some measures of profitability were weaker.

Financial metric	Q2 FY27	Q2 FY26
Revenue from operations	₹320.96 crore	₹284.23 crore
Consolidated net profit or loss	₹63.42 crore profit	₹3.46 crore loss
Gross transaction value	₹5,304.47 crore	₹4,350 crore approximately
Adjusted EBITDA	₹23.58 crore	₹28.48 crore
Total expenses	₹309.51 crore	₹291.89 crore

Figures are rounded where appropriate. GTV is the value of bookings transacted through the platform, not the same as revenue recognised by ixigo.

Revenue from operations rose nearly 13% year over year, while GTV increased approximately 22%. GTV growth exceeding revenue growth can reflect changes in business mix, commissions, pricing and the share of bookings that generate revenue for the platform.

Total expenses increased to ₹309.51 crore from ₹291.89 crore a year earlier. The company is investing in hotels, technology and artificial intelligence, which may support future growth but can also affect near-term profitability.

Adjusted EBITDA, a measure of operating performance, declined 17% year over year. This indicates that the record net profit should not be interpreted as evidence that every measure of underlying profitability improved.

Hotels Become a Major Growth Engine

Hotel bookings emerged as one of ixigo’s fastest-growing businesses in Q2 FY27. The company reported hotel GTV of ₹111.34 crore, up approximately 159% from the year-ago period. Hotel revenue also grew sharply, increasing more than fivefold, according to the company’s reported results.

Ixigo began disclosing hotels as a separate business line this quarter, giving investors greater visibility into the category’s performance. The segment’s reported gross take rate exceeded 12%, indicating the proportion of booking value retained as revenue before considering the broader cost structure.

The hotel business offers ixigo an opportunity to expand the amount customers spend through its platform. Travellers who use ixigo for train or flight tickets may also book accommodation, allowing the company to serve more of their travel needs through a single digital destination.

Hotel bookings can also create opportunities for cross-selling and repeat usage. Customers planning a holiday may need flights, accommodation and local transport, while business travellers may make frequent bookings throughout the year.

However, rapid GTV growth does not automatically translate into equivalent profit growth. Hotel platforms may incur customer-acquisition costs, discounts, marketing expenses and technology investments to build their share of the market. The key question is whether ixigo can turn its expanding hotel business into sustainable earnings as the segment scales.

Flights and Buses Also Support Growth

Flights and buses remained important contributors to ixigo’s travel business during the quarter.

The company reported year-over-year GTV growth of approximately 37% in flights and 32% in buses. These gains helped lift total GTV to more than ₹5,300 crore.

Ixigo competes in a travel market where consumers compare prices, schedules and convenience across online platforms and direct booking channels. Its ability to attract customers depends on its search experience, pricing, availability, customer service and brand recognition.

The platform’s heritage in train-ticket discovery and booking gives it an established position among Indian travellers. Expanding into flights, buses and hotels allows the company to increase the number of travel categories available to existing users.

A broader offering may help improve customer retention because users can complete more of their trip planning in one place. It can also diversify the company’s exposure to individual travel segments, although demand remains sensitive to seasonality, economic conditions and travel trends.

For investors, the next step is to determine whether this growth can continue without requiring disproportionately higher marketing and technology spending.

Freshbus Stake Sale Changes Ixigo’s Investment Position

Freshbus operates in India’s intercity electric-bus market, a segment that has attracted attention as transport companies explore lower-emission fleet models and new operating formats.

Ixigo’s partial stake sale reduced its holding from 25.66% to 8.27%. As Freshbus ceased to be an associate, the transaction also changed how the remaining investment is reflected in ixigo’s accounts.

The ₹40.7 crore exceptional gain helped boost the reported quarterly result. However, a similar gain should not be assumed in future quarters unless another transaction or accounting event produces one.

The stake sale also represents a portfolio decision by ixigo. By reducing its ownership, the company has changed its exposure to Freshbus and realised proceeds from part of the investment. The financial consequences will depend on the terms of the transaction and the future value of the remaining stake.

Investors should therefore distinguish between cash proceeds from the sale, the accounting gain recognised in the quarter and the value of ixigo’s continuing investment.

What the Results Mean for Ixigo’s Business Strategy

Ixigo has said it will continue investing in hotels and AI as drivers of long-term growth. These priorities indicate an effort to improve its travel platform and develop more ways to serve customers.

AI could support travel search, itinerary planning, customer support and personalised recommendations. In principle, better automation may reduce friction for users and help the company manage customer queries at scale. The actual financial benefit will depend on implementation, customer adoption and the cost of deploying the technology.

Hotels represent a more direct expansion of the company’s booking business. The strong growth in hotel GTV suggests that the category is gaining traction, but it will need to sustain customer demand and manage acquisition costs to become a reliable contributor to profit.

The company must also balance growth with financial discipline. Its lower adjusted EBITDA indicates that higher revenue and booking volumes have not yet translated into stronger performance on every operating measure.

The Bigger Picture

Ixigo’s Q2 FY27 results show a travel platform expanding across flights, buses and hotels, with hotel bookings emerging as a particularly strong growth area. Revenue and GTV both increased year over year, and profit before exceptional items and tax improved from a loss to a positive figure. The Freshbus-related gain, however, played a major role in lifting reported net profit to a record ₹63.42 crore.

The stock-market rally reflects investor interest in that combination of growth and improved earnings. The longer-term question is whether ixigo can sustain its expansion while improving recurring profitability. Hotel growth, AI investments, customer acquisition costs and adjusted EBITDA will be important indicators in the coming quarters.

Looking Ahead

Investors will be watching ixigo’s next quarterly results for evidence that hotel growth continues and that operating profitability improves alongside revenue. The company will also need to show how its investments in AI and travel products translate into stronger customer engagement, more bookings and better cost efficiency. The exceptional Freshbus gain should be treated separately from recurring earnings when comparing future quarters.

The October 19 share-price jump shows how strongly markets can react to a record profit announcement, but one session does not determine a stock’s longer-term performance. Ixigo’s future valuation will depend on revenue growth, margins, competitive pressures and its ability to convert higher transaction volumes into sustainable profits.

Frequently Asked Questions

1. Why did ixigo shares rise 13%?

Ixigo shares rose after the company reported a record consolidated net profit of ₹63.42 crore for Q2 FY27, compared with a loss in the same quarter last year. Revenue and booking transaction value also increased.

2. How much profit did ixigo report in Q2 FY27?

Ixigo reported a consolidated net profit of ₹63.42 crore for the July–September 2026 quarter, up from a net loss of ₹3.46 crore in Q2 FY26.

3. Did the Freshbus stake sale boost ixigo’s profit?

Yes. A ₹40.7 crore exceptional gain linked to ixigo’s partial sale of its Freshbus stake and the remeasurement of its remaining investment boosted reported earnings.

4. How fast did ixigo’s hotel business grow?

Hotel GTV rose approximately 159% year over year to ₹111.34 crore in Q2 FY27. The company also reported revenue growth of more than five times in the segment.

5. Did ixigo’s operating profitability improve?

Not across every measure. Profit before exceptional items and tax improved to ₹31 crore, but adjusted EBITDA declined 17% year over year to ₹23.58 crore.

6. What should investors watch next?

Investors should monitor recurring profit growth, adjusted EBITDA, hotel-booking performance, customer-acquisition costs and the financial returns from ixigo’s investments in AI and technology.