Tuesday, 17 March, 2026
Ixigo Revenue Jumps 37%, Q2 Loss Due to One-Time ESOP Cost
By Isha
Online travel platform Ixigo (Le Travenues Technology) saw its operating revenue surge 37% year-on-year to ₹283 crore in the September quarter. Despite the strong top-line growth, the company reported a net loss of approximately ₹3 crore. Management clarified that the loss was due to a non-cash, one-time employee stock option (ESOP) accounting charge of around ₹27 crore, which was triggered by the early achievement of specific performance milestones.
Read full story at Economic Times