ixigo Reports Rs 63.4 Crore Profit in Q2 FY27 on Freshbus Gain
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Khushi Jain
- October 17, 2026
Online travel aggregator ixigo reported a consolidated net profit of Rs 63.4 crore in the September quarter of FY27, compared with a loss of Rs 3.5 crore in the year-ago period. The profit was supported by an exceptional gain linked to the sale of part of its stake in electric bus operator Freshbus.
The company’s operating revenue increased 12.9% to Rs 321 crore in Q2 FY27 from Rs 284.2 crore in Q2 FY26.
On a sequential basis, net profit rose 85.2% from Rs 34.2 crore in Q1 FY27. However, operating revenue declined 10% from Rs 356.8 crore in the preceding quarter.
Freshbus Stake Sale Boosts Profit
ixigo’s bottom line received a boost from an exceptional gain of Rs 40.7 crore following its partial exit from Freshbus. The gain reflects both the stake sale and the remeasurement of its remaining investment.
In August, ixigo sold Freshbus shares worth Rs 36.6 crore, reducing its holding in the electric bus operator to 8.27% from 25.66%. Following the transaction, Freshbus ceased to be an associate of ixigo.
Profit Before Exceptional Items and Tax
Before exceptional items and tax, ixigo reported a profit of Rs 31 crore in Q2 FY27, compared with a loss of Rs 4 crore in the corresponding quarter of the previous year.
However, the figure was lower than the Rs 44.2 crore recorded in Q1 FY27.
Total Income Rises to Rs 343 Crore
Including other income of Rs 22.1 crore, ixigo’s total income stood at Rs 343 crore during the September quarter, compared with Rs 289.4 crore in Q2 FY26.
The company’s quarterly performance reflected higher operating revenue year-on-year, while the exceptional gain from the Freshbus investment contributed to its return to profitability.
FAQs
1. What was ixigo’s net profit in Q2 FY27?
ixigo reported a consolidated net profit of Rs 63.4 crore in Q2 FY27, compared with a loss of Rs 3.5 crore a year earlier.
2. How much revenue did ixigo generate in Q2 FY27?
ixigo’s operating revenue increased 12.9% to Rs 321 crore from Rs 284.2 crore in Q2 FY26.
3. Why did ixigo’s profit increase in Q2 FY27?
The company’s profit received a boost from an exceptional gain of Rs 40.7 crore linked to the partial sale of its stake in Freshbus and the remeasurement of its remaining investment.
4. How much of its Freshbus stake did ixigo sell?
In August, ixigo sold Freshbus shares worth Rs 36.6 crore, reducing its holding to 8.27% from 25.66%.
5. What was ixigo’s profit before exceptional items and tax?
ixigo reported a profit of Rs 31 crore before exceptional items and tax in Q2 FY27, compared with a loss of Rs 4 crore in the year-ago quarter.
