ixigo Shares Jumps 13% After Q2 Profit Swings To Rs.63 Cr
India, Oct. 19 -- Shares of online travel aggregator ixigo rose 13.12% to an intraday high of Rs.163.30 apiece on the BSE after the company reported a consolidated net profit of Rs.63.4 Cr in Q2 FY27 against a loss of Rs.3.5 Cr a year earlier.
The stock later pared some gains to trade 10.70% higher at Rs.159.80 at 11:05 IST. The company's market capitalisation stood at Rs.7,066 Cr (about $745 Mn) at this price.
ixigo's operating revenue grew 12.9% to Rs.321 Cr in Q2 FY27 from Rs.284.2 Cr a year earlier. Net profit rose 85.2% sequentially to Rs.63.4 Cr from Rs.34.2 Cr, while revenue declined 10% QoQ from Rs.356.8 Cr.
The profit was boosted by an exceptional gain of Rs.40.7 Cr from ixigo's partial exit from electric bus operator Freshbus...
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