Ixigo Shares Tank Over 19% After Q2 Loss

Travel platform Ixigo’s shares plummeted more than 19% after it reported a net loss for Q2 FY25, disappointing investors post-IPO. The company cited seasonally low travel demand, high marketing costs, and integration expenses from its recent acquisitions as primary factors behind the loss. Despite revenue growth in bus and rail segments, the bottom line was affected by inflationary pressures and elevated customer acquisition costs. Ixigo plans to focus on improving profitability through operational streamlining and expanding AI-driven booking tools. The market reaction underscores the volatility in post-IPO performance of Indian travel startups amid changing macroeconomic conditions.