ixigo jumps as Q2 profit hits record Rs 63.42 crore on Freshbus gain
PAT compares with a loss of Rs 3.46 crore in Q2 FY26. It rose 85.22% from Rs 34.24 crore in Q1 FY27. The company booked an exceptional gain of Rs 40.66 crore after selling part of its Freshbus holding on August 13, which reduced its stake from 25.66% to 8.27% and ended Freshbus's status as an associate.
Revenue from operations rose 12.92% year-on-year (YoY) to Rs 320.96 crore from Rs 284.23 crore, but fell 10.03% quarter-on-quarter (QoQ) from Rs 356.75 crore. Gross transaction value (GTV) grew 22% YoY to Rs 5,304.47 crore from Rs 4,347.50 crore.
Contribution margin, the company's closest measure to gross profit, rose 14% YoY to Rs 124.86 crore from Rs 109.58 crore, but fell 13.85% QoQ from Rs 144.94 crore. The margin on operating revenue was 38.9%, against 38.6% a year ago and 40.6% in Q1.
Profit before tax (PBT) was Rs 71.70 crore, against a loss of Rs 3.96 crore a year ago, and rose 62.36% QoQ from Rs 44.16 crore. Excluding the exceptional gain, PBT was Rs 31.04 crore, down about 29.7% QoQ.
Adjusted EBITDA, defined as EBITDA plus ESOP expenses less other income, fell 17% YoY to Rs 23.58 crore from Rs 28.48 crore. The margin narrowed to 7.3% from 10.0% a year ago.
Total expenses rose 6.04% YoY to Rs 309.51 crore and fell 8.36% QoQ from Rs 337.76 crore. Employee expenses fell 13.21% YoY to Rs 64.38 crore from Rs 74.18 crore, as the base quarter included the ESOP charge, and rose 9.88% QoQ from Rs 58.59 crore. Depreciation rose 79.28% YoY to Rs 5.97 crore from Rs 3.33 crore, and 26.75% QoQ from Rs 4.71 crore. Finance costs were Rs 0.64 crore, against Rs 0.61 crore a year ago.
The company disclosed Hotels as a separate line of business for the first time. Hotels GTV grew 159% YoY to Rs 111.34 crore, and revenue from the segment rose 528% YoY to Rs 8.10 crore from Rs 1.29 crore, at a gross take rate of more than 12%. Both figures include Brevistay, which was consolidated from July 1, 2026, and the company did not separate its contribution.
Room nights booked, net of cancellations, crossed 4.7 lakh, up 295% YoY, and daily bookings crossed 5,000 room nights. More than 86% of bookings came from ixigo's own users, and inventory stood at over 70,000 properties, including 12,000+ directly contracted properties across 1,100 towns. The company acquired a 54.66% stake in Brevistay Hospitality for Rs 65.69 crore, and consolidated it from July 1.
Flight and bus GTV grew 37% and 32% YoY, respectively. The company began powering train bookings on Uber, and its food delivery through Zoop and Swiggy now covers over 290 railway stations. AbhiBus launched Women Zone, a booking option for solo women travellers.
Founded in 2007 by Aloke Bajpai and Rajnish Kumar, ixigo is an AI-based travel platform whose ixigo, ConfirmTkt and AbhiBus apps cover trains, flights, buses and hotels. It reported 57 crore annual active users in FY26.
Powered by Capital Market - Live News