Q2 FY27 results: all-time high PAT of Rs.63.42 Cr, Hotels now a separate business line
ixigo (Le Travenues Technology Ltd) released its media note on the unaudited results for the quarter and half year ended September 30, 2026.
By ScoutQuest · · 2 min read
- Gross Transaction Value (GTV)
- Rs. 5,304.47 Cr, up 22% YoY
- Revenue from Operations
- Rs. 320.96 Cr
- Profit After Tax (PAT)
- Rs. 63.42 Cr, an all-time high, aided by partial sale of stake in Freshbus
What the announcement covers
This is the company's media release attached to its disclosure of unaudited consolidated and standalone financial results for the quarter and half year ended September 30, 2026. Along with the numbers, the company said it has begun disclosing Hotels as a separate line of business from this quarter.
The quarter at a glance (Q2 FY27)
- Gross Transaction Value (GTV), the total value of bookings made on the platform, stood at Rs. 5,304.47 Cr, a rise of 22% over the same quarter last year. GTV is not revenue; it is the value of travel booked, of which the company keeps a commission or service fee.
- Revenue from Operations was Rs. 320.96 Cr.
- Contribution Margin, what is left after direct costs of serving those bookings, was Rs. 124.86 Cr.
- Profit After Tax (PAT) was Rs. 63.42 Cr, which the company described as an all-time high.
- Adjusted EBITDA, a measure of operating profit before some non-cash and one-off items, was Rs. 23.58 Cr, down 17% over the year-ago quarter.
Why reported profit needs a closer look
The company said PAT was helped by a partial sale of its stake in Freshbus. A stake sale is not part of day-to-day operations, so the reported PAT and the operating profit measure (Adjusted EBITDA) tell different stories in this quarter: PAT is the highest the company has reported, while Adjusted EBITDA is lower than a year earlier. Investors reading only the headline profit number would miss that gap.
Hotels: the new reporting line
- Hotels GTV was Rs. 111.34 Cr in Q2 FY27.
- The company described Hotels as its fastest-growing business line by GTV, helped by the Brefstoy acquisition, and said it continues to invest in supply, product and customer experience here.
- Management commentary called Hotels and artificial intelligence the key drivers of long-term growth.
- Splitting Hotels out as a separate line means investors can now track its size and growth separately from flights, buses and trains, rather than seeing it bundled into one overall number.
What a retail investor can take away
- The core travel platform grew in booking value and revenue, and the company has chosen to show a high-growth new segment separately.
- Profit growth in this quarter is not purely operational: part of it came from the Freshbus stake sale, while the operating profit measure declined year-on-year.
- Because Hotels is being reported separately for the first time, comparisons will build up only over the coming quarters.
- These are unaudited results for the quarter and half year ended September 30, 2026, as stated in the release.
Also from Le Travenues Technology
Le Travenues Technology files audio recording of earnings call on Q2/H1 results ended September 30, 2026
19 Oct 2026
Ixigo management discussed hotel business growth strategy, cross-sell advantage from existing user base, and sale of Fresh Bus stake as part of asset-light strategy
19 Oct 2026
Ixigo posted a record quarterly profit after tax of 61.3 crore rupees in Q2, boosted by hotel business growth and a partial stake sale in Fresh Bus
19 Oct 2026
More numbers
- Gross Transaction Value (GTV), Q2 FY27Rs. 5,304.47 Cr
- Revenue from Operations, Q2 FY27Rs. 320.96 Cr
- Contribution Margin, Q2 FY27Rs. 124.86 Cr
- Adjusted EBITDA, Q2 FY27Rs. 23.58 Cr
- Profit After Tax (PAT), Q2 FY27Rs. 63.42 Cr
- Hotels GTV, Q2 FY27Rs. 111.34 Cr
- GTV growth YoY, Q2 FY2722%
- Adjusted EBITDA change YoY (down)17%
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