Stories
Ixigo Reports Q2 Net Profit At Rs 61 Crore As Revenue Rises 13%
- •Le Travenues Technology posted a consolidated net profit of ₹61.3 crore for the September quarter, turning around from a net loss of ₹3.2 crore a year ago.
- •Revenue from operations grew 12.9% year-on-year to ₹321 crore, driven by strong performances in the train and bus segments.
- •The hotel business emerged as a major growth driver, with GTV soaring 159% year-on-year to ₹111.34 crore and crossing 4.7 lakh room nights booked.
- •AI systems successfully resolved 82% of voice queries and 94% of chat queries, handling a total of 43 lakh queries during the quarter.
- •The company reported an exceptional gain of ₹40.66 crore following a reduction of its stake in Freshbus Private Limited.
Key Questions Answered
For the September quarter of FY27, Le Travenues Technology (Ixigo's parent company) reported a consolidated net profit of ₹61.3 crore, reversing a net loss of ₹3.2 crore from the same period last year. Meanwhile, revenue from operations grew by 12.9% year-on-year to reach ₹321 crore.
Ixigo's hotel business emerged as a primary growth driver during Q2FY27, seeing its Gross Transaction Value (GTV) surge by 159% year-on-year to ₹111.34 crore. The company crossed 4.7 lakh room nights booked, with more than 86% of these hotel bookings originating from existing platform users.
Ixigo reported an exceptional gain of ₹40.66 crore during the September quarter. This financial gain followed the reduction of the company's stake in Freshbus Private Limited, which ceased to operate as an associate company in August 2026.
