# Le Travenues Technology Swings to Q2 Profit on Hotel Surge and Freshbus Stake Sale

- URL: https://stocks.freetheai.org/news/le-travenues-technology-swings-to-q2-profit-on-hotel-surge-and-freshbus-stake-df73d3
- Published: 2026-10-17T15:01:07Z
- Category: earnings; sentiment: bullish; impact: medium
- Symbols: [NSE:IXIGO](https://stocks.freetheai.org/symbols/NSE-IXIGO)
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Travel booking operator Le Travenues Technology Limited (NSE:IXIGO), the company behind ixigo, returned to profitability in the second quarter of fiscal 2027. Consolidated net profit reached a record Rs 63.42 crore for the three months through September, reversing a loss of Rs 3.46 crore during the same timeframe last year. Top-line revenue from operations climbed 13 percent to Rs 320.96 crore compared to Rs 284.23 crore a year prior, while total costs expanded to Rs 309.51 crore from Rs 291.89 crore.

The bottom-line turnaround was boosted by gains from divestment of a partial stake in Freshbus alongside expanding customer transactions. Total gross transaction value rose 22 percent year-over-year to Rs 5,304 crore. The hotel booking division served as the primary growth engine, expanding transaction volume by 159 percent to Rs 111.34 crore during its initial quarter as a standalone reporting segment.

Top executives, including Chief Executive Aloke Bajpai, Co-CEO Rajnish Kumar, and Financial Officer Saurabh Devendra Singh, highlighted that future capital allocation will prioritize hotel expansion and artificial intelligence integrations to support long-term business goals. Following the earnings update, shares traded up 4.59 percent at 144.5 INR.

## Key points

- Le Travenues Technology recorded a Q2 net profit of Rs 63.42 crore, swinging from a Rs 3.46 crore loss a year ago.
- Operating revenue grew 13 percent year-over-year to Rs 320.96 crore, while overall transaction value rose 22 percent to Rs 5,304 crore.
- Hotel transaction value surged 159 percent to Rs 111.34 crore in its first quarter as an independent segment.
- Earnings benefited from the partial sale of the company's equity stake in Freshbus.
- Management plans to target future investments toward artificial intelligence and hotel booking expansion.

## Questions and answers

### What were ixigo's financial results for Q2 FY27?

Le Travenues Technology, which runs ixigo, reported a consolidated net profit of Rs 63.42 crore for the September quarter, recovering from a loss of Rs 3.46 crore in the prior-year period. Operational revenue increased 13 percent to Rs 320.96 crore.

### Why did ixigo's profit increase in the September quarter?

The earnings growth was driven by higher travel bookings, a 159 percent surge in hotel transaction value, and proceeds from selling a portion of its holding in Freshbus.

### Where does ixigo plan to invest for future growth?

Company leadership stated that future growth strategy will center on expanding its hotel division and developing artificial intelligence capabilities.