ixigo jumps as Q2 profit hits record Rs 63.42 crore on Freshbus gain
Mumbai, Oct. 19 -- The profit includes an exceptional gain from the partial sale of its stake in Freshbus.
PAT compares with a loss of Rs 3.46 crore in Q2 FY26. It rose 85.22% from Rs 34.24 crore in Q1 FY27. The company booked an exceptional gain of Rs 40.66 crore after selling part of its Freshbus holding on August 13, which reduced its stake from 25.66% to 8.27% and ended Freshbus's status as an associate.
Revenue from operations rose 12.92% year-on-year (YoY) to Rs 320.96 crore from Rs 284.23 crore, but fell 10.03% quarter-on-quarter (QoQ) from Rs 356.75 crore. Gross transaction value (GTV) grew 22% YoY to Rs 5,304.47 crore from Rs 4,347.50 crore.
Contribution margin, the company's closest measure to gross profit, rose 14% YoY to Rs...
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