Synopsis
Ixigo's parent, Le Travenues Technology, reported an 8.5% year-on-year increase in operating revenue to Rs 308 crore for the March quarter, with profit after tax soaring 91% to Rs 32 crore. This growth was driven by a multi-modal strategy and AI-driven cost reductions.Listen to this article in summarized format
The company posted a profit after tax of Rs 32 crore, up 91% year on year. Ixigo attributed the growth to its multi-modal diversification strategy, with buses compensating when trains faced headwinds, flights gaining share despite a tough aviation environment, and AI reducing costs across the board.
Last quarter, Ixigo had posted a 31% rise in revenue and profit of Rs 24 crore.
Apart from operating revenue, the company also earned Rs 19 crore through interest income and made gains from financial assets during the March quarter, taking its total income to Rs 327 crore.
For the full year, Ixigo's gross transaction value rose 25% year on year to Rs 18,692 crore in FY26, while operating cash flow surged 60% to Rs 195 crore.
Aloke Bajpai, Ixigo's cofounder and chief executive, said during a post-earnings call on Thursday that domestic travel demand remains strong with the peak summer season currently underway.
However, he acknowledged that international travel continues to face headwinds due to the ongoing Middle East conflict and the India-Pakistan situation affecting key air corridors, with fares on many international routes rising significantly as a result.
Founded in 2007 by Bajpai and Rajnish Kumar, Ixigo allows users to book train, flight, and bus tickets and hotels, and offers various tools and services such as train PNR status, confirmation predictions, and updates on train seat availability.
At the close of trading on Thursday, Ixigo's shares were at Rs 163, up around 1.2%, giving the company a market capitalisation of Rs 7,147 crore.
Last October, Dutch investment firm Prosus had acquired a 10.1% stake in the company for about Rs 1,296 crore.
