travel platform ixigo reported net profit of ₹63.42 crore!

Online travel platform ixigo reported net profit of ₹63.42 crore for the July-September 2026 quarter, while revenue from operations increased 13% year-on-year to ₹320.96 crore. The standout development was its hotel business. Gross bookings value (GBV) for hotels crossed ₹100 crore, representing 159% year-on-year growth. Hotel revenue increased more than sixfold, according to the company's management. The company also said that 86% of the hotel business growth came from its existing user base, which includes customers booking trains, buses and flights through the platform. ixigo is expanding beyond its traditional transport-booking business into hotels, creating opportunities to generate more revenue from existing customers. Hotel bookings momentum: The 159% growth in hotel GBV suggests rapid expansion from a relatively smaller business base. Cross-selling opportunity: Existing train, bus and flight customers can become hotel customers, potentially improving customer acquisition efficiency. Revenue diversification: Hotels may provide another source of income beyond transport bookings. Profitability challenge: Investors should determine whether hotel growth translates into sustainable profits after marketing, technology and customer-service expenses.