Ixigo shares rally 13% after travel platform reports all-time high profit
Indian markets moved higher in a quarterly results development.
· ET Stocks, Economic Times Markets
Ixigo shares jumped after the travel platform reported a record Q2 profit of Rs 63.42 crore, partly boosted by the sale of its stake in Freshbus. Gross transaction value rose 22% year-on-year to Rs 5,304.47 crore, while revenue grew 13% to Rs 320.96 crore and contribution margin increased 14% to Rs 124.86 crore.
The analysis
Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Related coverage
Adani Ports Q2 Results: Net profit jumps 17% YoY to Rs 3,622 crore; revenue up 24%
Why is VBL down 5% despite Q3 PAT jumps on double-digit volume growth?
Bengaluru matches Tokyo with 11.5% office rent growth in Q3: Knight Frank
Gail's net profit zooms two-fold to ₹4,724 crore on robust volumes
Powered by fuel earnings, Reliance Industries tops Sep quarter estimates