India, Oct. 29 -- Travel tech major ixigo slipped into the red in Q2 FY26, reporting a net loss of INR 3.5 Cr as against a net profit of INR 13.1 Cr in the year-ago quarter. The company had reported its highest ever quarterly profit of INR 18.9 Cr in Q1 FY26.

Operating revenue rose 36% to INR 282.7 Cr during the quarter under review from INR 206.5 Cr in Q2 FY25. Sequentially, the top line declined 10% from INR 314.5 Cr.

Including other income of INR 5.2 Cr, the company's total income for the quarter stood at INR 287.9 Cr. Total expenses surged 51% YoY to INR 290.4 Cr during the quarter.

The company attributed the net loss to one-time ESOP expenses of INR 26.9 Cr incurred during the quarter.

As a result, the company's employee benefit ...