Ixigo shares rally 15% as revenue soars 13% YoY to ₹321 crore, hotel GTV grows 2.6x; check Q2 results

The company recorded a consolidated net profit (attributable to equity holders of the parent) of ₹61.25 crore during the quarter under review, compared with a year-on-year (YoY) loss of ₹3.17 crore in the September quarter of the 2025-26 fiscal year (Q2 FY26).

Sequentially, the profit surged 88.46% quarter-on-quarter (QoQ) from ₹32.50 crore in the quarter-ago period, supported by its diversified multimodal travel business, according to a regulatory filing.

The company said it clocked an all-time high profit aided by its partial sale of stake in Freshbus. Ixigo sold down its stake in Freshbus from 25.66% to 8.27% during the quarter.

Its consolidated revenue from operations advanced 12.9% YoY to ₹320.96 crore in the quarter ended September 30, 2026, as against ₹284.23 crore in the corresponding quarter of the preceding fiscal year.

Its gross transaction value (GTV) stood at ₹5,304.47 crore for the reporting quarter, registering a 22% YoY increase from ₹4,347.50 crore in the second quarter of FY26.

GTV refers to the total amount paid (including taxes, fees and service charges, gross of all discounts) by users for the online travel agency (OTA) services and products booked through it in the relevant period or year.

However, its adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) declined by 17% YoY to ₹23.58 crore in Q2 FY27, from ₹28.48 crore in the year-ago period.

Its contribution margin (CM) rose 14% YoY to ₹124.86 crore, as against ₹109.5 crore. CM is defined as segment revenue (net ticketing revenue plus other operating revenue) less direct expenses.

Hotel business performance

In the July-September quarter of FY27, the hotel segment emerged as the company’s fastest-growing line of business with GTV growth of more than 159% YoY, and revenue growth of over 528%.

The segment also saw a gross intake rate of over 12%, with more than 86% of its bookings coming from Ixigo’s captive users.

This is also the first quarter that Ixigo has started disclosing Hotels as a separate line of business, it noted.

It crossed 5,000 hotel room nights per day, growing 3.9x YoY, it added.

Other key business highlights

Its flight and bus businesses led the quarter with GTV growth of 37% and 32% YoY, respectively.

Ixigo expanded its distribution by powering train bookings on Uber, alongside its existing bus integration, it stated, adding that food delivery through Zoop and Swiggy now services over 290 railway stations.

The company said that intercity bus demand growth was supported by higher airfares and limited availability of confirmed train tickets, “complemented by investments in customer experience and deeper supply expansion”.

AbhiBus further strengthened its offering with the launch of Women Zone, a booking option for solo women travellers, it added.

What the management said

Commenting on the earning, Aloke Bajpai, Group CEO, Rajnish Kumar, the Group Co-CEO, and Saurabh Devendra Singh, the Group CFO, said: “In Q2 FY27, we delivered resilient growth with Quarterly GTV of ₹5,304 Crores, up 22% YoY, and Revenue from Operations of ₹321 Crores, up 13% YoY. Our PAT was an all-time high aided by our partial sale of stake in Freshbus. Flight and Bus led the quarter with GTV growth of 37% and 32% YoY, respectively.”

From this reporting quarter onwards, they stated that the company is disclosing a new line of business of Hotels which grew GTV 2.6x YoY to ₹111 crores with a gross take rate of more than 12%.

“We continue to invest in Hotels and AI as key drivers of our long-term growth,” they added.

Ixigo share performance

At around 11:57 AM, the stock was trading 8.73% higher at ₹157.07 per equity share.

The scrip has gained 10% in the past week but lost 5% over the month. On a year-to-date (YTD) basis, it has lost nearly 35%.

While the shares hit a 52-week high of ₹339.15 per unit on October 16, 2025, they touched a year’s low of ₹136.35 apiece on October 15, 2026.

LE Travenues Technology has a total market capitalisation of ₹6,955.91 crore as of October 19, 2026, according to data on the NSE.