Ixigo Sees 73% Surge in its Q1 Revenue, Net Profit at ₹19cr
, the parent company of
online travel aggregator
Ixigo, saw its operating revenue increase by 73 per cent year-on-year (YoY) to Rs 314 crore for the quarter ended June on account of growth across all lines of business, effective cross-selling and up-selling to its user base, and artificial intelligence (AI)-driven efficiency.
The company posted a net profit of Rs 19 crore for the quarter, marking a 27 per cent rise from Rs 15 crore in the same period last year. According to group CFO Saurabh Devendra Singh, this factors in certain one-off items, including a Rs 2 crore share of loss from associate company Fresh Bus, whereas Q1FY25 had included revaluation gains and other adjustments.
"If I were to compare on a like-for-like basis by excluding all these items in both periods, our profit before tax would have increased by 76.2 per cent from Rs 16.2 crore to Rs 28.7 crore," said Singh.
The company's total expenses, however, rose to Rs 293 crore in the June quarter from Rs 168 crore in the same period last year. A significant amount of the expenditure was attributed to employee benefits and other expenses.
"Q1 FY26 had a few events that impacted the aviation market in India and the region," said Aloke Bajpai, cofounder and chief executive, during a post-earnings analysts call on Wednesday. This includes Operation Sindoor and the resulting airspace closures in North India, the recent AI171 crash, airspace shutdowns in Pakistan, disruptions in the Middle East during the Iran-Israel tensions, and Air India's voluntary reduction of international wide-body flights for safety checks.
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