ixigo reports ₹63.4 crore Q2 profit as revenue rises 12.9%

Online travel company ixigo reported a ₹63.4 crore profit in the September quarter of FY27, compared with a ₹3.5 crore loss a year earlier.

Its operating revenue rose 12.9% year on year to ₹321 crore.

The profit was boosted by a ₹40.7 crore gain linked to selling part of its Freshbus stake and revaluing its remaining investment.

ixigo sold Freshbus shares for ₹36.6 crore in August, cutting its holding from 25.66% to 8.27%.

Even without exceptional items, ixigo made a ₹31 crore profit before tax, compared with a ₹4 crore loss a year earlier.

However, operating revenue was 10% lower than in the previous quarter, and profit before exceptional items was also below the previous quarter’s ₹44.2 crore.

The results show both stronger year-on-year performance and the effect of a one-off gain, while the company’s next steps are not stated.