Ixigo Reports Q2 Profit Of Rs 63 Crore
· Business · Economic Times, Reuters
Ixigo reported a consolidated net profit of Rs 63.42 crore for the September quarter, marking a recovery from a loss of Rs 3.46 crore in the same period last year. The company's operational revenue reached Rs 320.96 crore, driven by strong growth in its hotel booking segment. Hotel bookings emerged as the fastest-growing business line, with gross transaction value rising 159 percent year-on-year. The profit was also supported by a partial stake sale in Freshbus.
Why it matters
The company's return to profitability highlights the growing strength of its diversified travel services, particularly in the hotel booking market.
Read the original report — Economic Times
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