Ixigo posted the quarterly earnings on Saturday.
On BSE, the company’s stock hit the day’s high of ₹163.30, rising as much as 13.12 per cent over the last closing price of ₹144.35 apiece. Despite this sharp spike, Ixigo’s stock remains 106 per cent below its 52-week high of ₹337, hit on October 17 last year. Meanwhile, its 52-week low stands at ₹136.50, hit last week on October 15.
As of 10.35 AM, Ixigo’s share price was up 8.2 per cent at ₹156.20 apiece. A total of 27.5 million shares of the company had changed hands so far.
Ixigo Q2 results highlights
According to the company’s press release, Ixigo delivered an all-time high consolidated PAT of ₹63.42 crore in Q2 FY27, aided by partial sale of stake in Freshbus. In the same period last year, the company had posted a consolidated net loss of ₹3.46 crore, signalling a sharp turnaround.
Flight and bus businesses remained key growth drivers, with GTV increasing 37 per cent and 32 per cent YoY, respectively.
On the operating front, the earnings before interest, tax, depreciation and amortisation (Ebitda) stood at ₹1810 crore, and margin at 5.6 per cent, which was below Motilal Oswal Financial Services’ (MOFSL) estimates of ₹2960 crore and 9.2 per cent, respectively.
MOFSL on Ixigo
The domestic brokerage said that it believes Ixigo offers a structural growth opportunity in the travel-tech platform space and is well-positioned to capitalize on the improving rail, road, and air infrastructure in India, owing to its strong brand recall among users.
Ixigo’s competitive positioning is underpinned by its focus on addressing key consumer pain points through innovative ancillary offerings and AI-driven travel solutions, it said.
However, it maintained a ‘Neutral’ rating on Ixigo, as aggressive investments in the hotel segment and technology are likely to continue over the next few quarters, potentially weighing on margins and earnings in the near term.
Disclaimer: Views and outlook in this report belong to the brokerages and analysts cited. They do not reflect the views of Business Standard. Readers are advised to exercise discretion.
