India, Jan. 28 -- Shares of travel tech company ixigo plummeted over 11% in early trade to hit their all-time low at INR 118.75 apiece on the BSE today (January 28) ahead of its December quarter earnings announcement.
At 11:42 AM, the stock was trading at INR 120.95, 9.43% lower than its previous close.
Amid a decline in its share price, the market capitalisation of the online travel aggregator tumbled to INR 4,707.53 Cr (around $544 Mn).
ixigo's consolidated net profit declined 51% to INR 13.08 Cr in the second quarter of the ongoing fiscal year (Q2 FY25) from INR 26.70 Cr in the year-ago quarter.
Meanwhile, revenue from operations rose 26% to INR 206.47 Cr in Q2 FY25 from INR 163.91 Cr in the corresponding quarter last year.
EBITDA...
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