Business · Updated 17 Oct, 04:28 pm IST
ixigo posts ₹63.4 Cr Q2 profit after Freshbus stake sale
Why it matters for readers: Helps understand why a company that previously reported a loss can report a big quarterly profit after selling part of an investment.
- ixigo swung to a consolidated net profit of ₹63.4 crore in Q2 FY27 from a loss of ₹3.5 crore a year earlier.1
- The quarterly bottom line was boosted by a ₹40.7 crore exceptional gain tied to the partial sale and remeasurement of its Freshbus investment.1
- Operating revenue increased 12.9% year-on-year to ₹321 crore in the quarter.1
- ixigo sold Freshbus shares for ₹36.6 crore in August, cutting its holding to 8.27% from 25.66%, and Freshbus ceased to be an associate.1
- Before exceptional items and tax, ixigo posted a profit of ₹31 crore in the quarter, and the hotel bookings business showed robust growth.12
Get a brief like this every morning
Uzha reads hundreds of sources and gives you the stories that matter for your work, with every source linked. Free.
Get startedHow this story developed
17 Oct, 12:41 pm · Inc42
ixigo Swings To ₹63 Cr Profit In Q2, Revenue Rises 13% YoY
17 Oct, 04:28 pm · YourStory
ixigo Q2 profit at Rs 63 Cr on robust show in hotel booking biz