ixigo posts ₹63 Cr Q2 profit on hotel biz, stake sale

Travel-tech platform ixigo reported a consolidated net profit of ₹63 crore for the second quarter of FY27, its first profitable quarter, according to YourStory. The result was driven by a partial sale of its stake in bus-ticketing startup Freshbus and growth in its hotel bookings segment.

The company did not disclose details of the Freshbus stake sale, but the proceeds may have helped offset challenges in other areas. The hotel bookings segment, which has become a key part of ixigo’s business, appears to have contributed to the positive performance.

ixigo’s profit stands out amid broader trends in consumer-tech earnings. Other companies in the space have reported varying results, with some seeing strong growth and others facing challenges. Unlike some sectors where profitability has been difficult to achieve, ixigo’s performance suggests that travel platforms may have found a path to sustainable margins.

The Freshbus exit could indicate a shift in ixigo’s strategy, though the company has not provided further details. Over time, ixigo has adjusted its portfolio, and its focus may now be on segments with stronger growth potential. The hotel business, in particular, seems to be playing a larger role in its operations.

Whether ixigo can maintain this profitability remains to be seen. The Freshbus proceeds are a one-time factor, and the hotel segment, while promising, operates in a competitive market. If ixigo can balance growth with discipline, it may set a new benchmark for India’s online travel industry.

Sources: yourstory.com