Ixigo parent swings to profit as quarterly net hits ₹61 crore on 13% revenue growth
Le Travenues Technology, parent of Ixigo, reported ₹61.3 crore net profit for the September quarter versus a loss a year earlier, with revenue up 12.9%.
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what happened
According to CNBC-TV18, Le Travenues Technology, which runs the travel booking service Ixigo, recorded profit of ₹61.3 crore for July through September, after a ₹3.2 crore loss in the same period last year.
Revenue climbed 12.9% to ₹321 crore from ₹284.2 crore. EBITDA came in at ₹18.1 crore, reversing a ₹3.7 crore deficit. Trains and buses drove growth, while flight sales fell to ₹82.66 crore from ₹89.39 crore.
The company also booked a one-off ₹40.66 crore gain from trimming its holding in Freshbus Private Limited, which stopped being an associate in August 2026. Over the first half of FY27, net profit reached ₹97.66 crore versus ₹15.48 crore. The shares closed almost 6% higher at ₹145.98 on Friday but are down over 39% this year and 56% in twelve months.
why it matters
Much of the swing comes from the one-time Freshbus gain and an improved EBITDA line, so the underlying trend is hard to judge from this quarter alone. The sharp share decline over the past year shows investors have been cautious about the stock.
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sources
- Ixigo Q2 results: Online travel platform swings to profit at ₹61 crore; revenue rises 13% — cnbctv18.com, 17 October 2026 at 07:14 UTC
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