Ixigo profit more than doubled in FY24 at Rs 73 crore, income up 28%

Ixigo posted Q4 and FY24 results.

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

Choose Stock Exchange: BSE LIVE NSE LIVE

26 Aug, 2025 12:21

Volume

Todays L/H

More

×

Travel technology platform Ixigo, which recently made its debut on the stock exchanges,  more than doubled its profit in FY24.

The company, which reported its fourth quarter and full year FY24 results on July 4, posted profit of Rs 73 crore in FY24 versus its profit of Rs 23 crore in the previous financial year.

Its total income came at Rs 665 crore, up 28.6 percent from Rs 517 crore a year ago.

Gross Transaction Value (GTV) crossed Rs 10,000 crore in FY24, growing by 38 percent year-on-year (YoY) for the full year and by 34.9 percent YoY for Q4 FY24. This was led by flight GTV expansion of 75 percent for the full year and 63.6 percent for Q4 versus the same quarter in the previous year.

The company highlighted that in the fourth quarter the flights market grew at single digit and take rates contracted due to supply constraints and higher airfares.

Also, there was little to no growth in the reserved train ticket market.

The management noted that despite the slow growth in the travel market, Ixigo continued to grow volumes in flight and train verticals much faster and on buses too, the company grew largely in line with the market.

Company's Group CEO Aloke Bajpai pointed out that the overall travel and tourism sector will grow its contribution to the GDP to Rs 36.8 lakh crore by 2033, approximately 7 percent of the Indian economy and will employ over 58.2 million people across the country with one in 10 working in this sector, according to the World Travel and Tourism Council.

"We have seen spiritual tourism pick up in our own searches for FY24 with the rise in footfall to Varanasi during the year, and then with the Ram Temple inauguration and the Ayodhya airport launch, we have seen that on flight sectors connecting Ayodhya from major cities, we have been able to tap into a higher market share than our national average and continue to see the same pattern on airports such as Darbhanga, Jharsuguda, Patna, Kanpur, Lucknow, etc," said Rajnish Kumar, Group Co-CEO, Ixigo.