Le Travenues Technology shares, which operate under the ixigo brand, jumped over 13% on Monday, 19 October, after the company reported its September quarter results, posting a consolidated net profit of ₹63.42 crore for Q2 FY27, compared with a net loss in the year-ago period. The profit was aided by the partial sale of its stake in Freshbus and strong growth in hotel bookings.
The travel and ticket-booking platform had reported a consolidated net loss of ₹3.46 crore in the July-September quarter of the previous financial year, according to a regulatory filing.
Hotels emerged as ixigo’s fastest-growing business segment by gross transaction value (GTV), with the metric rising 159% year-on-year to ₹111.34 crore. The company reported hotels as a separate business segment for the first time.
Ixigo’s revenue from operations rose 13% year-on-year to ₹320.96 crore in the second quarter of FY27, compared with ₹284.23 crore in the corresponding period last year. However, total expenses increased to ₹309.51 crore from ₹291.89 crore.
In a joint statement, ixigo Group CEO Aloke Bajpai, Group Co-CEO Rajnish Kumar and Group CFO Saurabh Devendra Singh said the company recorded a quarterly GTV of ₹5,304 crore in Q2 FY27, marking a 22% increase year-on-year. Revenue from operations stood at ₹321 crore, up 13% from a year earlier.