Ixigo Reports All-Time High ₹63.42 Cr Net Profit in Q2 FY27 Powered by FreshBus Stake Sale & Hotel Growth
NEW DELHI — Le Travenues Technology Limited, the parent company of AI-led online travel platform ixigo, announced its financial results for the second quarter ending September 30, FY27. The company posted a record consolidated Net Profit After Tax (PAT) of ₹63.42 crore, representing a sharp turnaround from a net loss of ₹3.46 crore reported in the same period last year.
The surging profitability was heavily buoyed by an exceptional gain of ₹40.66 crore following the partial divestment of ixigo's equity stake in EV bus operator Freshbus, along with non-operating other income of ₹22.1 crore.
Key Financial Highlights (Q2 FY27)
Revenue from Operations: Grew 12.9% YoY to reach ₹320.96 crore, up from ₹284.23 crore in Q2 FY26.
Gross Transaction Value (GTV): Reached ₹5,304.47 crore, marking a 22% increase compared to the previous year.
Net Profit (PAT): Touched an all-time high of ₹63.42 crore, expanding margins to 18.49%.
Cash Reserves: Cash and cash equivalents doubled to ₹640.53 crore as of September 30, 2026.
Profit Before Exceptional Items & Tax: Stood at ₹31.04 crore, reflecting healthy core operations compared to a loss of ₹4 crore in Q2 FY26.
FreshBus Exit and Non-Operating Boost
In August 2026, ixigo executed a partial sale of its stake in EV intercity bus operator Freshbus for ₹36.6 crore, reducing its holding from 25.66% to 8.27%. The resulting gain of ₹40.66 crore included both the divestment proceeds and the fair-value remeasurement of its retained stake. Consequently, Freshbus ceased to be an associate entity of ixigo.
Additionally, other income—derived primarily from interest on short-term deposits and cash investments—rose to ₹22.1 crore, driving total quarterly income up to ₹343.04 crore.
Segment-Wise Performance
| Segment | Q2 FY27 Revenue (₹ Cr) | Q2 FY26 Revenue (₹ Cr) | YoY Growth |
| Train | ₹149.14 Cr | ₹128.11 Cr | +16.4% |
| Flight | ₹82.66 Cr | ₹89.39 Cr | -7.5% |
| Bus | ₹81.04 Cr | ₹65.44 Cr | +23.8% |
| Hotel | ₹8.10 Cr | ₹1.29 Cr | +527.9% |
| Total Revenue | ₹320.96 Cr | ₹284.23 Cr | +12.9% |
(Data source: Company Regulatory Filings)
Hotels Emerge as the Fastest-Growing Segment
The Hotels division delivered stellar top-line performance, with GTV soaring 159% YoY to ₹111.34 crore. Revenue for the segment surged over 527% to reach ₹8.10 crore. This was the first quarter where ixigo reported hotels as an independent reporting line item following strategic focus and integration of acquired assets like Brevistay.
Strategic Outlook & Leadership Statement
In a joint statement, Group CEO Aloke Bajpai, Group Co-CEO Rajnish Kumar, and Group CFO Saurabh Devendra Singh highlighted that the company's strong capital position will fuel its next expansion phase.
"Our record-breaking profit this quarter reflects both our operational resilience and strategic capital discipline. Moving forward, we will continue investing aggressively in our hotel ecosystem, organic cross-selling, and generative AI features to deepen customer engagement across Next Billion Users in India."
With cash reserves swelling to over ₹640 crore, ixigo is well-positioned to expand its technology moat and evaluate synergistic M&A opportunities in the travel ecosystem.