ixigo Q3 Profit Up 54% to Rs 24 Cr

New Delhi, Jan 22 (PTI) ixigo (Le Travenues Technology Limited) on Thursday reported 54.11 per cent rise in consolidated net profit for December quarter at Rs 23.95 crore, driven by higher revenue from operations including flight, train, and bus ticketing services.

The travel booking platform had logged a net profit of Rs 15.54 crore during the year-ago period, a regulatory filing said.


During the quarter under review, ixigo's revenue from operations increased to Rs 317.56 crore from Rs 241.76 crore a year ago. Total expenses also rose to Rs 295.85 crore from Rs 223.67 crore.

The gross transaction value (GTV) for ixigo's bus booking vertical grew over 36 per cent year-on-year in December quarter, whereas the flights vertical recorded GTV growth of more than 22 per cent despite industry-wide disruptions witnessed in December.

"Our Q3 performance demonstrates our continued ability to outpace the market's growth with improving profitability. We are at a juncture in history where we will be judged not by our performance in any one quarter or any one year, but by how we were able to lead our industry's AI transformation and demonstrate the results in customer delight with long-term growth and profitability," Rajnish Kumar, Group Co-CEO, and Aloke Bajpai, Group CEO, ixigo, stated.