ixigo Swings To Rs.63 Cr Profit In Q2, Revenue Rises 13% YoY
India, Oct. 17 -- Online travel aggregator ixigo swung to a consolidated net profit of Rs.63.4 Cr in the September quarter of FY27 from a loss of Rs.3.5 Cr a year earlier, helped by an exceptional gain linked to the sale of part of its stake in Freshbus.
The company's operating revenue increased 12.9% to Rs.321 Cr during the quarter from Rs.284.2 Cr in Q2 FY26.
Sequentially, net profit rose 85.2% from Rs.34.2 Cr, although operating revenue declined 10% from Rs.356.8 Cr.
The bottom line received a boost from a Rs.40.7 Cr exceptional gain following ixigo's partial exit from electric bus operator Freshbus. The gain reflects both the stake sale and the remeasurement of its remaining investment.
ixigo sold Freshbus shares for Rs.36.6 Cr in...
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