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Ixigo Reports ₹63 Crore Net Profit, 13% Revenue Growth in Q2 FY27
Sentiment: NeutralHigh Priority
What Happened?
Le Travenues Technology Limited, parent company of Ixigo, announced a net profit of ₹63.42 crore for Q2 FY27, driven by a partial stake sale in Freshbus. Revenue from operations rose 13% year-on-year to ₹320.96 crore.
Key points
- Gross transaction value (GTV) increased 22% year-on-year to ₹5,304.47 crore.
- Adjusted EBITDA for Q2 FY27 was ₹23.58 crore, down 17% from ₹28.48 crore in Q2 FY26.
- The new Hotels business saw GTV grow 2.6 times year-on-year to ₹111 crore.
- Flights and buses recorded GTV growth of 37% and 32% year-on-year, respectively.
Key insights
- Ixigo's expansion into the Hotels sector could enhance its market position.
- The significant growth in GTV for flights and buses suggests strong demand in the travel sector.
- The decline in adjusted EBITDA may indicate rising operational costs or investments impacting profitability.
Why it matters
The financial results indicate Ixigo's growth trajectory and its strategic investments in new business areas.
Tags
Entities
Ixigo· CompanyLe Travenues Technology Limited· CompanyFreshbus· Company
Source
Business Standard
