For the quarter under review, the company reported a net loss of Rs 3.4 crore versus a net profit of Rs 13 crore reported in the same quarter of the previous financial year. It must be noted that in Q2FY26, the company reported a loss before tax, share of loss of associates, and exceptional items of Rs 2.5 crore, which included a one-off ESOP expense of Rs 26.9 crore. Excluding this one-time impact, profit before tax stood at Rs 24.4 crore, marking a 26% year-on-year increase.
Ixigo, an Indian online travel portal, reported a 37% increase to Rs 283 crore in its revenue from operations in Q2FY26 from Rs 206.4 crore posted in the corresponding quarter of the previous fiscal year.
Also Read: Bitcoin consolidates near $114K as traders remain cautious ahead of FOMC meeting
Revenue momentum remained strong across key segments, with flight revenue rising 60% YoY to Rs 89.4 crore and bus revenue up 64% YoY to Rs 65.4 crore. The contribution margin grew 20% YoY to Rs 109.6 crore, supported by higher transaction volumes and improved operating leverage. Adjusted EBITDA, which adds back ESOP expenses and excludes other income, increased 36% YoY to Rs 28.5 crore from Rs 21 crore in the same quarter last year.
The company’s gross transaction value (GTV) rose 23% YoY to Rs 4,347.5 crore in Q2FY26, led by a 29% growth in flight GTV, 51% growth in bus GTV, and 12% growth in train GTV compared with Q2FY25, reflecting broad-based expansion across its travel segments.“Despite Q2 facing some capacity headwinds, Ixigo continued its resilient momentum and grew strong in all lines of business, with buses and flights leading the growth and trains maintaining our OTA market leadership. The fundraise provides the balance sheet required to fulfil our long-term aspiration of delivering the best AI-first customer experience for travel and fuels our expansion into new categories and markets,” the management said following the Q2 earnings. Also Read: Sagility shares rise 10%, hit 52-week high as Q2 profit jumps 114% YoY to Rs 251 crore
On the investment front, Prosus recently invested Rs 1,295 crore in the company for a 10% stake at Rs 280 per share.
At about 11 am, shares of the company were trading at Rs 266, down 18% from the last close on the NSE. Ixigo shares are up nearly 83% in the last six months.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times.)