Ixigo posts 13% rise in Q1 revenue, profit jumps 81% on bus business growth
The Gurugram-based company reported revenue from operations of Rs 356.75 crore in the first quarter of FY27, up from Rs 316.05 crore a year earlier. Profit after tax rose to Rs 34.24 crore, compared with Rs 18.94 crore in the corresponding quarter last year, while gross transaction value (GTV) increased 19% on-year to Rs 5,524.33 crore.
Le Travenues Technology, Ixigo's parent company, announced an 81% jump in net profit and 13% increase in operating revenue for the first quarter of FY27. Strong performance in their bus business drove this surge, with the segment's gross transaction value rising 39% year-on-year to Rs 947.43 crore and passenger segments increasing 33%.
Ixigo's bus business now boasts the largest contribution margin among all verticals. Despite challenging external factors, including geopolitical tensions, higher airfares, and reduced airline capacity, the company's diversified platform continued to grow, with its flight business gaining market share and reaching Rs 2,341.84 crore in gross transaction value.
Ixigo now has over 500,000 room nights and a direct hotel network spanning more than 10,000 properties across 700 towns. The company also acquired a 54.66% stake in Brevistay, expanding its presence in the flexible-stay accommodation segment. Adjusted EBITDA, however, declined 7% year-on-year to Rs 29.24 crore due to increased investments in hotels and artificial intelligence.
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