ixigo Q1: Profit Jumps 27% YoY To INR 19 Cr

Online travel aggregator (OTA) ixigo reported a consolidated net profit of INR 18.9 Cr in the first quarter of FY26, an increase of 27% from INR 14.9 Cr in the year-ago quarter. On a sequential basis, profit rose 13% from INR 16.8 Cr.

The company’s profitability improved on the back of a notable uptick in its top line. ixigo’s operating revenue for the quarter surged 73% to INR 314.5 Cr from INR 181.9 Cr in Q1 FY25. This also marked an increase of 11% from INR 284.1 Cr operating revenue it posted in Q4 FY25.

Including other income of INR 7 Cr, the company’s total income for the quarter stood at INR 321.4 Cr. Total expenses rose 74% YoY and 11% QoQ to INR 293.8 Cr during the quarter.

ixigo’s Q1 FY26 EBITDA surged 69% YoY to INR 32.5 Cr.

In respect to its bottom line, the company continued to incur losses from its associate bus ticketing platform Freshbus. It incurred a loss of INR 2.4 Cr from Freshbus in Q1 FY26 as against INR 2 Cr in the year-ago period. Besides, ixigo’s tax expense zoomed 132% YoY to INR 7.4 Cr in Q1 FY26.

In a statement, the OTA said that Q1 FY26 marked its “all-time high financials” performance till date. ixigo said it gained market share in all the segments it operates in.

The company’s gross transaction value (GTV) zoomed 55% YoY to INR 4,644.7 Cr in Q1 FY26. Its monthly active user base for Q1 FY26 stood at 84.1 Mn, up 6% YoY.

Where Did ixigo’s Revenue Come From?

ixigo’s travel aggregator business is supported by three pillars – train ticket booking via Confirmtkt, bus bookings via subsidiary AbhiBus, and flight ticket booking through its app. ixigo said that its GTV for its flight and bus ticketing business witnessed 81% YoY growth each, while train GTV surged 30% YoY.

While all three businesses were profitable in the quarter, the highest revenue contribution to ixigo’s top line came from its train business. While the train booking business’ operating revenue increased 20% YoY to INR 129.9 Cr, flight booking business’ revenue more than doubled on a YoY basis to INR 103.2 Cr.

Despite the hefty uptick in ixigo’s flight business, the company’s MD Alok Bajpai said that the past quarter saw major disruptions in the aviation industry due to unforeseen events like the Air India plane crash and the India-Pakistan conflict.

“While there was a significant disruption during the period, the post-event recovery has been swift, and the ecosystem has adapted quickly. The tragic AI 171 crash in June created another setback due to the dent in morale and passenger confidence in the immediate aftermath. In addition to this, the airspace closure in Pakistan, as well as the airspace disruptions in the Middle East during the Iran-Israel situation, led to some dampening of international flight growth,” he said during Q1’s earnings call.

On the profitability front, all three segments raked in profit of over INR 40 Cr each.

Meanwhile, ixigo’s revenue from other operations for Q1 FY26 shored to INR 4.7 Cr as against INR 27 Lakh in the previous year quarter. The company has been working on beefing up its operations in non-core businesses like hotel bookings, food-on-train and other value added services from its app.

To further bolster this revenue stream, the company announced that it would acquire an additional 11% stake in its train food delivery subsidiary Zoop for INR 3.3 Cr. It would acquire 1.7K shares from Zoop’s founders Puneet Sharma and Manoj Kumar Singh by September 30.

In Q1 FY26, Zoop crossed 10,000 daily meal deliveries, with over 20 Lakh meals served across 200+ stations since October 2024, ixigo said.

The company said it has also launched a no-cost EMI and book now pay later feature on its app for flight and train bookings business, ixigo credit. The feature was launched in May and gives ixigo customers instant credit of up to INR 1 Lakh, with the choice to repay in the next billing cycle or convert it into easy EMIs.

Shares of ixigo ended 1.7% higher to end today’s trading session at INR 179.10 on the BSE.

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