Ixigo revenue rises 37% to Rs 283 Cr in Q2 FY26

Online travel platform Ixigo (Le Travenues Technology Ltd) reported strong year-on-year operating revenue growth in Q2 FY26, with revenue from operations rising 37% to ₹283 crore from ₹206.5 crore a year earlier. Growth was driven largely by train ticketing (43% of total revenue) along with steady contributions from flight and bus bookings. The report highlights how higher operating expenses and a one-time ESOP charge of ₹26.9 crore resulted in a marginal loss of ₹3.5 crore despite strong revenue performance. Excluding one-offs, profit before tax stood at ₹24.4 crore. The company’s H1 FY26 revenue rose 54% YoY, showing solid underlying performance. The article also discusses Ixigo’s cash reserves, market expansion and proposed preferential allotment to MIH Investments. It situates Ixigo’s results in the broader travel-tech sector, noting strong demand recovery but cost pressures weighing on profitability, and implications for investors tracking its stock and valuation metrics.