IXIGO profit gets substantial support from other income
Operating margin was 6.83%, well below the 12.67% median of 105 reported Consumer Discretionary peers.
Filed 06 Aug 2026, 18:39 IST · after market close · Le Travenues Technology Ltd (IXIGO)
Key takeaways
- Consolidated net profit was Rs 34.24 cr, but operating profit of Rs 24.37 cr was supplemented by Rs 25.17 cr of other income.
- IXIGO's consolidated operating margin was 6.83%, 5.84 percentage points below the 12.67% median for 105 Consumer Discretionary peers.
- The results were filed after market close on 6 August 2026, leaving no post-results price reaction to assess.
Price around the results
Operating profit covered less than the reported profit
Consolidated net profit was Rs 34.24 cr, while operating profit was Rs 24.37 cr. Other income of Rs 25.17 cr was a significant contributor to profit before tax of Rs 44.16 cr, making earnings quality an important focus. The reported basic EPS was Rs 0.73.
IXIGO lagged its sector on operating margin
IXIGO's consolidated operating margin was 6.83%, versus a 12.67% median among 105 Consumer Discretionary companies that had reported the quarter. The 5.84 percentage-point gap shows that the quarter's operating profitability was below the sector reference point. With expenses at Rs 332.38 cr against revenue of Rs 356.75 cr, the business retained a narrow operating spread.
Tax rate was not the main profit-quality concern
The consolidated tax rate was 22.46%, and interest expense was Rs 0.67 cr. The larger distinction in the quarter was between operating profit of Rs 24.37 cr and profit before tax of Rs 44.16 cr, reflecting the material role of other income. The results were filed after market close on 6 August 2026, so the market response is not covered here.
Q1FY27 at a glance
Consolidated figures as filed with NSE — cross-checked against an independent source.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹357 cr |
| Other income | ₹25 cr |
| Expenses | ₹332 cr |
| Operating profit | ₹24 cr |
| Operating margin (%) | 6.83% |
| Interest | ₹1 cr |
| Depreciation | ₹5 cr |
| Profit before tax | ₹44 cr |
| Tax | ₹10 cr |
| Net profit | ₹34 cr |
| EPS (₹) | ₹0.73 |
Operating margin of 6.83% compares with a Consumer Discretionary sector median of 12.67% across 105 peers that have reported Q1FY27.
How the stock reacted
| Window | Stock | vs NIFTY |
|---|---|---|
| Results day | -12.91% | -12.65% |
Volume on the results session was 9.87× its 20-day average.
What to watch
- Whether consolidated operating margin moves from 6.83% toward the 12.67% sector median.
- Whether other income remains near Rs 25.17 cr relative to operating profit of Rs 24.37 cr.
- Whether the consolidated tax rate stays near 22.46%.