ixigo Reports Net Loss in Q2 FY26 Amidst Rising Expenses

Le Travelease Limited, operating under the brand ixigo, has announced its financial results for the second quarter of FY26, revealing a net loss of INR 3.5 crore. This marks a reversal from the INR 13.1 crore net profit achieved in the corresponding quarter of FY25 and comes after the company posted a record profit of INR 18.9 crore in Q1 FY26.

While operating revenue demonstrated robust year-over-year growth, increasing by 36% to INR 282.7 crore compared to INR 206.5 crore in Q2 FY25, the company's expenses grew at a faster pace. Total expenses for Q2 FY26 escalated by 51% year-over-year to INR 290.4 crore. Including other income of INR 5.2 crore, the total income for the quarter stood at INR 287.9 crore.

Impact: The shift to a net loss, despite revenue growth, highlights significant cost pressures or increased operational investments. For investors, this news raises concerns about the company's ability to manage its expanding costs and sustain profitability. The sequential decline in revenue also warrants attention. The market may react negatively, reflecting these profitability challenges. Rating: 7/10.

Difficult terms: * **Net Loss**: A financial situation where a company's total expenses exceed its total revenues over a specific period. * **Operating Revenue**: The income generated from a company's primary business activities before deducting expenses. * **Year-over-year (YoY)**: A comparison of financial data between the current period and the same period in the previous year. * **Sequentially**: A comparison of financial data between the current period and the immediately preceding period.