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Ixigo Shares Surge 15 Percent After Swinging to Net Profit in Q2
M
Moneycontrol•19-10-2026, 14:01
Ixigo Shares Surge 15 Percent After Swinging to Net Profit in Q2
- •Le Travenues Technology, operating ixigo, saw its shares rise up to 15 percent to Rs 165.99 following a profitable September quarter.
- •The company reported a consolidated net profit of Rs 61.2 crore compared to a net loss of Rs 3.2 crore a year ago, boosted by a one-time gain from Freshbus.
- •Revenue from operations increased by 13 percent year-on-year to Rs 321 crore.
- •Hotels emerged as the fastest-growing business line with a gross transaction value reaching Rs 111.34 crore, marking a 159 percent year-on-year increase.
Key Questions Answered
Ixigo shares rose after the company swung to a consolidated net profit of Rs 61.2 crore for the September quarter compared to a net loss of Rs 3.2 crore a year ago. This profitability was largely aided by a one-time exceptional gain and an increase in other income.
Ixigo sold 46,264 compulsorily convertible preference shares of Freshbus, which reduced its stake from 25.7% to 8.27%. Because Freshbus is no longer an associate company, ixigo recognized a one-time exceptional gain of Rs 41 crore.
Hotels emerged as ixigo's fastest-growing business line by gross transaction value, reaching Rs 111.34 crore, which represents a 159 percent year-on-year increase. This marked the first time ixigo reported hotels as a separate line of business.
