ixigo reports ₹63 Cr Q2 profit, first profitable quarter
Online travel aggregator ixigo reported a consolidated net profit of ₹63.4 crore for the September quarter, reversing a loss in the same period last year. Revenue rose 13% year-on-year, according to Inc42.
The result marks the company’s first profitable quarter since going public. When StartupReader covered the numbers last month, sources attributed the swing to a partial stake sale and a rebound in the hotel business. The company did not break out segment-level profitability in the latest filing.
ixigo’s path mirrors that of other listed consumer-tech platforms that have recently turned profitable—peers in the sector also posted profits in the same quarter. Unlike those companies, ixigo operates in a fiercely competitive travel market where larger players still command significant shares. The profit milestone, therefore, may owe as much to cost discipline as to revenue growth.
Investors will watch whether ixigo can sustain profitability in the seasonally weaker quarters ahead. If it can, the company may finally shed its “perennial loss-maker” label and attract fresh capital for expansion.
Sources: inc42.com
“ixigo’s first profitable quarter signals that India’s travel-tech sector may be maturing beyond growth-at-all-costs.”
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