Ixigo shares jump 13% on Q2 profit turnaround, but why does Motilal Oswal retain its Neutral rating?
New Delhi, Oct. 19 -- Le Travenues Technology shares, which operate under the ixigo brand, jumped over 13% on Monday, 19 October, after the company reported its September quarter results, posting a consolidated net profit of Rs.63.42 crore for Q2 FY27, compared with a net loss in the year-ago period. The profit was aided by the partial sale of its stake in Freshbus and strong growth in hotel bookings.
The travel and ticket-booking platform had reported a consolidated net loss of Rs.3.46 crore in the July-September quarter of the previous financial year, according to a regulatory filing.
Hotels emerged as ixigo's fastest-growing business segment by gross transaction value (GTV), with the metric rising 159% year-on-year to Rs.111.34 crore...
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