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Hotels Lead Growth as Ixigo Achieves All-Time High Q2 Profit
17 Oct
Summary
- Ixigo's Q2 FY27 profit reached ₹63.42 crore, an all-time high.
- Hotels emerged as the fastest-growing business, up 159% YoY.
- Gross transaction value grew 22% to ₹5,304.47 crore.
Le Travenues Technology Limited, the parent company of Ixigo, announced an all-time high profit after tax (PAT) of ₹63.42 crore for the second quarter of fiscal year 2027. This record profit was bolstered by a partial sale of its investment in Freshbus.
The travel booking platform experienced significant growth, with its gross transaction value (GTV) increasing by 22% year-on-year to ₹5,304.47 crore. Revenue from operations also saw a healthy rise of 13% year-on-year, reaching ₹320.96 crore for the quarter.
Hotels stood out as the company's fastest-growing business segment. This segment recorded a GTV increase of over 159% year-on-year and a revenue growth exceeding 528%, with a gross take rate surpassing 12%.
Flights and buses also performed strongly, with GTV growth rates of 37% and 32% year-on-year, respectively. The company continues to focus on hotel expansion and artificial intelligence as key drivers for future growth.
