Ixigo Posts Record ₹63.4 Crore Q2 Profit as Hotel Bookings Jump 159%

Travel booking platform ixigo reported a record consolidated net profit of ₹63.4 crore for the September 2026 quarter, against a loss of ₹3.5 crore a year earlier, Inc42 reported. Revenue from operations rose 12.9% to ₹321 crore, although it fell 10% from the June quarter's ₹356.8 crore.

A large part of the profit came from a one-off, Entrackr noted: a ₹40.7 crore exceptional gain from selling part of its stake in bus operator Freshbus and remeasuring the rest. Ixigo sold Freshbus shares for ₹36.6 crore in August, cutting its holding from 25.66% to 8.27%, according to Inc42. Before exceptional items and tax, profit was ₹31 crore, against a ₹4 crore loss a year ago.

Where the growth came from

• Trains, its biggest business: revenue up 16.4% to ₹149.1 crore, though bookings grew only 5.4%.
• Buses: bookings up 31.6% to ₹752.7 crore and revenue up 23.8% to ₹81 crore, with about 77 lakh passengers.
• Flights: bookings up 37.2% to ₹2,184.3 crore, but revenue fell 7.5% to ₹82.7 crore as the take rate dropped to 7% from 9.38%.
• Hotels, reported separately for the first time: bookings up 158.7% to ₹111.3 crore and room nights up 295%, still at a small loss.

Gross transaction value rose 22% to ₹5,304.5 crore. Adjusted EBITDA fell 17.2% to ₹23.6 crore, a 7.3% margin. Ixigo also bought a 54.66% stake in hotel startup Brevistay for ₹65.7 crore, and said AI agents now handle 82% of voice queries and 94% of chat queries. Management said hotels and AI remain its main long-term growth bets.