Ixigo has delivered a record quarter with strong growth

Ixigo (Le Travenues Technology) has posted its highest-ever quarterly profit of ₹63.4 crore in Q2 FY27, reversing last year’s loss. The stock surged 13–15% to around ₹163–165 on October 19, 2026, driven by strong growth in hotel bookings and a one-off gain from selling part of its Freshbus stake. 📊 Q2 FY27 Financial Highlights Net Profit (PAT): ₹63.4 crore (vs. ₹3.5 crore loss last year). Revenue from Operations: ₹321 crore (↑13% YoY). Gross Transaction Value (GTV): ₹5,304 crore (↑22% YoY). Contribution Margin: ₹124.9 crore (↑14% YoY). Exceptional Gain: ₹40.7 crore from partial Freshbus stake sale. 🏨 Business Segment Performance Hotels: Fastest-growing line, GTV ↑159% YoY to ₹111.3 crore; revenue ↑528% to ₹8.1 crore; room nights booked ↑295% (4.7 lakh). Gross take rate >12%. Flights: Bookings ↑37% YoY to ₹2,184 crore, but revenue fell 7.5% due to lower take rates. Buses: Bookings ↑32% YoY to ₹753 crore; revenue ↑24% to ₹81 crore. Trains: Revenue ↑16% YoY to ₹149 crore, bookings ↑5%. 📈 Market Reaction Ixigo Share Price: Rose 13–15% to ₹163–165 on NSE/BSE. Volume: Over 27.5 million shares traded on October 19. 52-Week Range: High ₹337 (Oct 2025), Low ₹136.5 (Oct 2026). 🏦 Strategic Moves Freshbus Stake Sale: Reduced holding from 25.7% to 8.3%, unlocking ₹41 crore gain. Acquisition: Bought 54.7% stake in hotel startup Brevistay for ₹65.7 crore. AI Adoption: 82% of voice queries and 94% of chat queries now handled by AI agents. 📌 Brokerage Views Brokerage Rating Notes Motilal Oswal Neutral Concerned about margin pressure due to hotel & tech investments. Market Analysts Positive Highlight strong hotel growth and diversification across trains, flights, buses. ⚠️ Risks & Considerations Heavy reliance on exceptional gains (Freshbus sale) for profit boost. Adjusted EBITDA fell 17% YoY to ₹23.6 crore, showing margin pressure. Continued investments in hotels and AI may weigh on near-term earnings.