Ixigo Reports Q2 Profit of Rs 63 Crore Driven by Strong Hotel Booking Performance

ixigo (Le Travenues Technology Limited) has reported a significant turnaround in its financial performance for the September quarter, showcasing a consolidated net profit of Rs 63.42 crore, a notable improvement from the net loss of Rs 3.46 crore in the same quarter of the prior fiscal year. This shift in profitability is largely attributed to a partial sale of its stake in Freshbus, coupled with exceptional growth in its hotel bookings segment. The company is strategically positioning hotels as a distinct business line, which recorded a remarkable 159% year-over-year increase in gross transaction value (GTV), reaching Rs 111.34 crore.

In terms of broader financial performance, ixigo’s revenue from operations rose to Rs 320.96 crore, up from Rs 284.23 crore in the previous year. However, total expenses also escalated to Rs 309.51 crore compared to Rs 291.89 crore a year earlier. This reflects a prudent investment strategy as ixigo continues to strengthen its growth trajectory. The company reported an impressive quarterly GTV of Rs 5,304 crore, marking a 22% year-over-year increase, along with a 13% rise in revenue from operations.

Leadership at ixigo has emphasized their commitment to ongoing investments in the hotel segment and artificial intelligence, viewing these areas as pivotal drivers for sustainable long-term growth. The recent performance not only reflects a robust recovery from prior setbacks but also highlights an evolving landscape where ixigo is diversifying its service offerings to capture greater market share in the competitive travel sector.

Source: The Economic Times

(Expert Note: This intelligence brief was structured and verified by the Wealthova editorial desk.)