Ixigo's revenue rose 13% year-on-year to ₹321 crore in the July-September quarter of fiscal year 2027, led by rapid growth in its hotel segment. The company posted a consolidated net profit of ₹61.25 crore, a significant turnaround from a loss of ₹3.17 crore in the same quarter last year.
- Revenue increased 12.9% YoY to ₹320.96 crore in Q2 FY27.
- Net profit surged 88.46% quarter-on-quarter to ₹61.25 crore.
- Hotel segment GTV grew over 159% YoY, with revenue up 528%.
- Flight and bus segments showed GTV growth of 37% and 32% YoY, respectively.
- Company partially sold stake in Freshbus, aiding profit.
What drove Ixigo's revenue growth in Q2 FY27?
Ixigo's consolidated revenue from operations increased by 12.9% year-on-year to ₹320.96 crore during the quarter ended September 30, 2026. This growth was mainly driven by the hotel segment, which emerged as the fastest-growing business line. The hotel segment's gross transaction value (GTV) grew by more than 159% YoY, and its revenue increased by over 528%. This segment also crossed 5,000 hotel room nights per day, growing nearly four times compared to the previous year.
How did Ixigo's profitability change compared to previous periods?
Ixigo recorded a consolidated net profit of ₹61.25 crore in Q2 FY27, reversing a loss of ₹3.17 crore in the same quarter last year. Sequentially, profit increased by 88.46% from ₹32.50 crore in the previous quarter. This improvement was supported by the company's diversified multimodal travel business and a partial sale of its stake in Freshbus, which was reduced from 25.66% to 8.27% during the quarter.
What is the significance of gross transaction value (GTV) for Ixigo?
Gross transaction value (GTV) represents the total amount paid by users for online travel agency services and products booked through Ixigo, including taxes, fees, and service charges. In Q2 FY27, Ixigo's GTV rose 22% year-on-year to ₹5,304.47 crore from ₹4,347.50 crore in the previous year’s quarter. The hotel segment contributed significantly to this growth with a 2.6 times increase in GTV to ₹111 crore.
How did other segments perform in Q2 FY27?
Besides hotels, Ixigo's flight and bus businesses showed strong growth, with GTV increasing 37% and 32% year-on-year, respectively. The company expanded its distribution by enabling train bookings on Uber and continued bus integration. Food delivery services through Zoop and Swiggy now cover over 290 railway stations. Additionally, Ixigo launched a 'Women Zone' booking option for solo women travelers in its bus service.
What challenges did Ixigo face in profitability metrics?
Despite revenue and profit growth, Ixigo's adjusted earnings before interest, tax, depreciation, and amortisation (EBITDA) declined by 17% year-on-year to ₹23.58 crore in Q2 FY27, down from ₹28.48 crore in the previous year. However, the company’s contribution margin increased by 14% to ₹124.86 crore, indicating improved operational efficiency.
What are Ixigo's future growth plans?
Ixigo's leadership highlighted continued investments in the hotel segment and artificial intelligence as key drivers for long-term growth. The company also plans to leverage its expanding multimodal travel platform to enhance customer experience and supply expansion.
How did Ixigo's stock perform following the Q2 results?
Following the announcement, Ixigo's stock price rose by 8.73% to ₹157.07 per share. The stock has gained 10% in the past week but declined 5% over the past month and nearly 35% year-to-date. Its 52-week high was ₹339.15, and the low was ₹136.35.
Frequently Asked Questions
Q: What is gross transaction value (GTV)?
A: GTV is the total amount paid by users for travel services booked through Ixigo, including taxes and fees, before discounts.
Q: Which segment showed the highest growth for Ixigo in Q2 FY27?
A: The hotel segment showed the highest growth, with GTV increasing over 159% and revenue rising more than 528% year-on-year.
Q: How did Ixigo's net profit change compared to last year?
A: Ixigo posted a net profit of ₹61.25 crore in Q2 FY27, reversing a loss of ₹3.17 crore in the same quarter of the previous year.
