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Shares of ixigo jumped over 15% to touch a fresh 52-week high at INR 206.40 on the BSE a day after it reported its financials for the first quarter of the ongoing financial year (Q1 FY26).
With a surge in the share price, the online travel aggregator hit its 52 week high during the intraday trade today.
ixigo has reported a consolidated net profit of INR 18.9 Cr in Q1 FY26, an increase of 27% from INR 14.9 Cr in the year-ago quarter. On a quarter on quarter (QoQ) basis, profit rose 13% from INR 16.8 Cr.
The stock was 13.76% high at INR 203.75 at last check and its market capitalisation zoomed to INR 7,952.20 Cr at 11:37 AM. By that time, more than 3.9 Cr shares of ixigo traded hands on the exchanges.
ixigo has performed well in both short and long term as it gained almost 18% in the last one year and over 10% in the past month. On a year-to-date basis, the stock has gained nearly 14% at the time of writing.
The surge in ixigo’s share price is in contrast with the fall in benchmark indices today. While NSE Nifty was trading 0.031% lower at 25,204.35, BSE Sensex was 0.067% down at 82,579.32 during the last check.
Founded in 2007 by Aloke Bajpai and Rajnish Kumar, ixigo initially started as a travel search website to help users compare flight deals. Later, it pivoted to become an OTA which lets users book flight, train and bus tickets, hotels, and holiday packages.
ixigo’s profitability in Q1 increased on the back of an uptick in its top line. ixigo’s operating revenue for the quarter surged 73% to INR 314.5 Cr from INR 181.9 Cr in Q1 FY25.
Sequentially, the company’s top line zoomed 11% from INR 284.1 Cr operating revenue it posted in Q4 FY25.
(The story will be updated soon)
The post ixigo Shares Rally 15% To Touch Fresh 52-Week High appeared first on Inc42 Media.
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