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ixigo Shares Jumps 13% After Q2 Profit Swings To ₹63 Cr

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ixigo Shares Jumps 13% After Q2 Profit Swings To ₹63 Cr

Shares of online travel aggregator ixigo rose 13.12% to an intraday high of ₹163.30 apiece on the BSE after the company reported a consolidated net profit of ₹63.4 Cr in Q2 FY27 against a loss of ₹3.5 Cr a year earlier.

The profit was boosted by an exceptional gain of ₹40.7 Cr from ixigo’s partial exit from electric bus operator Freshbus. In August, ixigo sold a part of its stake in Freshbus for ₹36.6 Cr, bringing its holding down to 8.27% from 25.66%. The gain also included the revaluation of its remaining stake. Following the sale, Freshbus ceased to be an associate of ixigo.

Before exceptional items and tax, ixigo reported a profit of ₹31 Cr, compared with a loss of ₹4 Cr in Q2 FY26. However, this was lower than the ₹44.2 Cr recorded in the previous quarter.

Other income rose to ₹22.1 Cr from ₹5.2 Cr a year earlier, taking total income to ₹343 Cr from ₹289.4 Cr. Total expenses increased 6% YoY to ₹309.5 Cr from ₹291.9 Cr.

EBITDA rose to ₹40.1 Cr from ₹1.5 Cr in the year-ago quarter. However, adjusted EBITDA fell 17.2% to ₹23.6 Cr from ₹28.5 Cr, while the adjusted EBITDA margin narrowed to 7.3% from 10%. The year-ago quarter included a one-off ESOP expense of ₹26.9 Cr.

5 Cr during the quarter. Growth came from its train, bus and flight businesses, alongside an expansion in hotel bookings.



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