Ixigo shares jump 13% on Q2 profit turnaround, but why does Motilal Oswal retain its Neutral rating?

Le Travenues Technology shares, which operate under the ixigo brand, jumped over 13% on Monday, 19 October, after the company reported its September quarter results, posting a consolidated net profit of ₹63.42 crore for Q2 FY27, compared with a net loss in the year-ago period. The profit was aided by the partial sale of its stake in Freshbus and strong growth in hotel bookings.

The travel and ticket-booking platform had reported a consolidated net loss of ₹3.46 crore in the July-September quarter of the previous financial year, according to a regulatory filing.