Q2 FY27: 22% gross transaction growth, hotel expansion, lower adjusted profit
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Q2 FY27 gross transaction value rose 22% to INR 5,304 crore and revenue rose 13% to INR 321 crore. Adjusted EBITDA fell 17% to INR 23.58 crore, while reported profit was INR 63.42 crore including a INR 40.66 crore gain from selling part of Freshbus. Hotel transaction value reached INR 111 crore, up 2.6 times year on year; flights faced weak capacity and high fares. Management expects hotel take rates to rise over the next 3 to 4 quarters.
Strong growth supports the case, but hotel losses and flight discounts may cap near-term gains. The Freshbus stake-sale gain was non-recurring.