ixigo Q2 profit at Rs 63 cr on robust show in hotel booking biz
Indian markets moved higher in a quarterly results development.
· ET Stocks, Economic Times Markets
Ixigo reported a remarkable turnaround with a consolidated net profit of Rs 63.42 crore for the September quarter, bouncing back from a net loss of Rs 3.46 crore from last year. The surge in hotel bookings played a key role in this financial upswing, leading to operational revenue of Rs 320.96 crore.
The analysis
Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
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Financial Services
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