ixigo Crashes 13% Despite Strong Q1, JM Financial Cuts Target Price
India, Aug. 7 -- Shares of traveltech company ixigo fell as much as 13.6% to an intraday low of Rs.174.15 apiece on the BSE today, a day after it reported its Q1 FY27 earnings, as investors weighed strong profit growth against concerns over margin pressure.
The stock later recovered some losses to trade 12.9% lower at Rs.175.70 apiece at 14:10 IST.
Despite reporting robust earnings, investors remained wary of higher investments in hotels, technology and AI, which are expected to weigh on margins in the near term.
For Q1 FY27, ixigo reported an 81% YoY jump in consolidated net profit to Rs.34.2 Cr from Rs.18.9 Cr a year earlier. Operating revenue rose 13% YoY to Rs.356.8 Cr, while total income increased to Rs.385.9 Cr.
EBITDA grew 65% ...
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