ixigo Q2 FY27: GTV up 22% to INR 5,304.47 crore, revenue up 13%, Adjusted EBITDA down 17%
Q2 FY27 GTV up 22% to INR 5,304.47 Cr, revenue up 13% to 320.96 Cr; Adjusted EBITDA down 17% to 23.58 Cr.
By ScoutQuest · · 1 min read
- GTV
- Q2 FY27 GTV up 22% to INR 5,304.47 Cr
- Revenue
- revenue up 13% to 320.96 Cr
- Adjusted EBITDA
- Adjusted EBITDA down 17% to 23.58 Cr
- Period
- Q2 FY27 / H1 FY27 (quarter and half year ended…
- Positioning
- The company describes itself as the leading travel platform in India by users and the 2nd largest OTA by revenue, a one-stop multi-brand ecosystem ranked #1 in train, #2 in bus and #3 in flights.
📉 Q2 FY27 GTV rose 22% to INR 5,304.47 crore and revenue from operations 13% to INR 320.96 crore, with contribution margin up 14% to INR 124.86 crore. Adjusted EBITDA fell 17% to INR 23.58 crore, while profit for the quarter was INR 63.42 crore helped by an INR 40.66 crore exceptional item. H1 cash flow from operations was INR 76.44 crore, down 17%.
📉 By segment, flight GTV grew 37% but flight revenue fell 8% as take rate dropped to 7.00% from 9.38%; train revenue grew 16%, bus 24%, and hotel revenue 528% to INR 8.10 crore though hotels remain loss-making at contribution level.
📈 The company says it is the leading travel platform by users and 2nd largest OTA by revenue, and calls hotels its new and fastest growing line of business.
🎯 Management states a 3-pronged AI strategy: ixigo NEXT and TARA for disruption, AI-driven pricing, discounts and cross-sell for revenue, and agentic AI for efficiency, citing 82% of voice and 94% of chats resolved by AI agents. It cites a third-party projection of OTA market GTV growing at 16% CAGR over FY26-28.
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More numbers
- GTV, Q2 FY275,304.47 (INR Crore)
- Revenue from operations, Q2 FY27320.96 (INR Crores)
- Contribution margin, Q2 FY27124.86 (INR Crores)
- Adjusted EBITDA, Q2 FY2723.58 (INR Crores)
- Profit for the period, Q2 FY2763.42 (INR Crores)
- Exceptional item, Q2 FY2740.66 (INR Crores)
- Cash flow from operations, H1 FY2776.44 (INR Crore)
- Revenue from operations, FY261,228.04 (INR Crores)
- Hotel segment revenue growth, Q2 FY27 YoY528%
- Flight gross take rate, Q2 FY277.00%
- Cash and bank balances, Sep 30 2026674.15 (INR Crores)
- Monthly active users, 6M FY278.59 Crore
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