Online travel aggregator platform ixigo’s profit after tax surged 78% to Rs 14.85 crore in the quarter ended June 2024 from Rs 8.36 crore in the same quarter a year ago.
The startup’s revenue from operations jumped 16% to Rs 181.87 crore in Q1 FY25 from Rs 156.55 crore in Q1 FY24. Its EBITDA rose 62% YoY to Rs 19.2 crore in the quarter under review.
Cofounded by Aloke Bajpai and Rajnish Kumar in 2007, the travel aggregator’s revenue sources include holiday packages, flights servies, train services, bus tickets, and hotel bookings.
ixigo’s gross transaction value jumped 26% to Rs 2,988.1 crore in the quarter under review from Rs 2,359.1 crore in Q1 FY24. Train ticket segment accounted for Rs 100.4 crore as the biggest contributor, growing 13.3% from Rs 88.64 crore in Q1 FY24.
Flight ticketing revenue was Rs 41.53 crore in Q1 FY25, 37.7% up from Rs 30.14 crore in Q1 FY24. In the same period, bus ticketing revenue surged from Rs 35.9 crore to Rs 39.6 crore. Its monthly active users also grew from 76.83 million to 79.74 million from Q1 FY24 to the quarter under review.
Meanwhile, ixigo’s total expenses climbed 12% to Rs 168 crore in Q1 FY25 from Rs 150 crore in the same quarter a year ago. Employee cost accounted for almost 1/4th of it with Rs 37.96 crore as compared to Rs 35.32 in the year ago quarter. Other overheads accounted for Rs 127.1 crore in the quarter under review, up against Rs 111.2 crore in Q1 FY24.
ixigo announced its financial results for Q1 FY25 on August 1 after the market hours when its shares closed 2.2% lower at Rs 169.75 apiece on the BSE.
