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ixigo FY24: Profit Jumps Over 200% To INR 73.1 Cr, Train Bookings Biggest Revenue Source

Inc42 · 1y ago

ixigo FY24: Profit Jumps Over 200% To INR 73.1 Cr, Train Bookings Biggest Revenue Source

ixigo, an online travel platform in India, reported a 31% increase in operating revenue in the fiscal year, reaching INR 655.9 Cr. The train ticketing segment played a significant role in this growth, contributing INR 370.1 Cr, a 24% YoY increase. In the fourth quarter of FY24, ixigo achieved a net profit of INR 7.4 Cr with a revenue of INR 164.8 Cr.

Related News

ixigo Expands Partnership With PhonePe, Adds Bus And Flight Bookings

Inc42 · 1y ago

ixigo Expands Partnership With PhonePe, Adds Bus And Flight Bookings

ixigo has partnered with PhonePe to offer travel booking options on the app. The partnership will include services from ixigo flights for flight bookings, AbhiBus for bus bookings, and ConfirmTkt for train bookings. This development follows the successful stock market debut of Le Travenues Technology, the parent company of ixigo.

Ixigo posts Rs 501 Cr revenue and Rs 23 Cr profit in FY23

Entrackr

Entrackr · 1y ago

Ixigo posts Rs 501 Cr revenue and Rs 23 Cr profit in FY23

Ixigo, the largest third-party train travel booking platform and online travel agent (OTA), reported a revenue of Rs 501 crore and a profit of Rs 23 crore in FY23. The company witnessed a growth of 32% and returned to profitability after incurring losses in FY22. Revenue from operations primarily came from convenience fees and commissions from rail, airline, and bus reservations. Train ticket bookings contributed the highest revenue, followed by flights and buses. Employee benefits accounted for the largest cost center, while advertising-promotional and IT expenses were other operating overheads.

RentoMojo FY24: Profit Jumps 3X To INR 22 Cr, Operating Revenue Inches Closer To INR 200 Cr

Inc42 · 10m ago

RentoMojo FY24: Profit Jumps 3X To INR 22 Cr, Operating Revenue Inches Closer To INR 200 Cr

RentoMojo, an online furniture rental startup, experienced strong growth in FY24. Its operating revenue increased, reaching nearly INR 200 crore, driven by high customer demand and improved efficiency through automation. The company's profit after tax also saw a significant increase, surging more than three-fold to INR 22 crore compared to the previous year. RentoMojo's EBITDA grew 142% year-on-year to INR 66 crore, thanks to increased operational efficiency achieved through automation.

ixigo Posts INR 68 Cr PAT In Nine Months Of FY24, Nearly 3X Of FY23 Profit

Inc42 · 1y ago

ixigo Posts INR 68 Cr PAT In Nine Months Of FY24, Nearly 3X Of FY23 Profit

IPO-bound travel aggregator ixigo's parent company, Le Travenues Technology, has reported a profit of INR 65.7 Cr in the first nine months of the financial year 2023-24 (FY24), nearly triple the INR 23.3 Cr profit from the previous year. In the same period, ixigo recorded an operating revenue of INR 491 Cr. The company primarily generates revenue from convenience fees on ticket reservations and advertising services. ixigo recently refiled its draft red herring prospectus (DRHP) with SEBI, intending to raise INR 120 Cr through a fresh issue for its IPO.

Kuku FM’s FY24 Revenue Jumps 114% To INR 104 Cr

Inc42 · 9m ago

Kuku FM’s FY24 Revenue Jumps 114% To INR 104 Cr

The startup reported a significant increase in operating revenue of INR 88 Cr, a 114% rise from the previous year. However, its total loss for the fiscal year 2024 was INR 96 Cr, showing an 18% decrease from the previous fiscal year. The startup's expenditure also increased by 21% to reach INR 200 Cr in FY24 compared to INR 165.4 Cr in the previous fiscal year.

Ixigo posts Rs 284 Cr revenue Q4 FY25; profit jumps 2.4X

Entrackr

Entrackr · 3m ago

Ixigo posts Rs 284 Cr revenue Q4 FY25; profit jumps 2.4X

Ixigo released its financial results for the fourth quarter of the ongoing fiscal year (Q4 FY25) on Wednesday. The company reported a 72% growth in scale, while its year-on-year (YoY) profits increased by 2.4X during the same period. Ixigo’s revenue from operations surged 72% to Rs 284 crore in Q4 FY25 in contrast to Rs 165 crore in Q4 FY24, as per the firm’s consolidated financial results sourced from the National Stock Exchange (NSE). For the full fiscal year (FY25), Ixigo’s operating revenue increased 39% to Rs 914 crore in FY25 from Rs 656 crore in FY24. The Gurugram-based company generated the largest share (44%) of its operating revenue from train ticketing, which rose to Rs 124 crore in Q4 FY25 from Rs 94 crore in Q4 FY24. Flight and bus booking services contributed 30% and 23% to the company’s revenue, respectively. According to the company, its gross transaction value (GTV) grew 65% year-on-year to Rs 4,418 crore in the fourth quarter of FY25, as compared to Rs 2,685 crore in the same quarter of the previous year. Besides operating revenue, the firm also earned Rs 6 crore via interest and gains from financial assets during the quarter which took its total topline to Rs 290 crore in the quarter ending March 2025. Ixigo has not provided a detailed breakdown of expenses in its quarterly financial statements. However, employee benefits expenses rose by 31% YoY to Rs 46 crore. Overall, the company's total costs grew 73% to Rs 263 crore in Q4 FY25 compared to Rs 152 crore in Q4 FY24. For the full financial year ending March 2025, the firm’s total expenses rose to Rs 846 crore as against Rs 628 crore in FY24. In the end, Ixigo's net profits surged 2.4X to Rs 17 crore in Q4 FY25 from Rs 7 crore in Q4 FY24. On a fiscal basis, its net profit decreased 18% to Rs 60 crore in FY25 from Rs 73 crore in FY24. Ixigo is currently trading at Rs 167 at the end of today’s session with a total market capitalization of Rs 6,500 crore (approximately $760 million).

ideaForge’s Q3 Profit Jumps 16X QoQ To Touch INR 14.8 Cr

Inc42 · 1y ago

ideaForge’s Q3 Profit Jumps 16X QoQ To Touch INR 14.8 Cr

Drone manufacturer ideaForge reported a net profit of INR 14.8 Cr in Q3 FY24, a significant increase from a loss of INR 7.8 Cr in the same quarter last year. The company's operating revenue also saw a substantial rise of over 1,000% to INR 90.9 Cr in Q3 FY24. ideaForge's strong growth is attributed to its commitment to delivering high-quality products and solutions. The company's EBITDA increased to INR 26.2 Cr in Q3 FY24. Total expenses rose by 173%, primarily due to increased spending on materials consumed.

Yatra Q3: Posts INR 1.1 Cr PAT, Revenue Jumps 23% YoY

Inc42 · 1y ago

Yatra Q3: Posts INR 1.1 Cr PAT, Revenue Jumps 23% YoY

Yatra Online, an Indian online travel aggregator, reported a consolidated net profit of INR 1.1 Cr in Q3 FY24, compared to a loss of INR 5.6 Cr in the same quarter of the previous year. Operating revenue increased by almost 23% YoY to INR 110.3 Cr in Q3 FY24. The company's domestic air passenger traffic grew by 26% YoY during the quarter. However, its EBITDA declined by 25% YoY to INR 4.8 Cr. Yatra continues to expand its corporate client base and closed 26 new corporate accounts during the quarter.

Wakefit Claims EBITDA Profitability In FY24, Revenue Jumps 24% To INR 1,017 Cr

Inc42 · 11m ago

Wakefit Claims EBITDA Profitability In FY24, Revenue Jumps 24% To INR 1,017 Cr

Wakefit, a sleep solutions startup, announced an EBITDA profit of INR 65 Cr for FY24, along with a revenue increase of 24% to INR 1,017 Cr. This is a significant improvement from the net loss of INR 146 Cr reported in FY23, indicating positive growth for the company.

Ixigo posts Rs 242 Cr revenue Q3 FY25; PBT jumps 54%

Entrackr

Entrackr · 7m ago

Ixigo posts Rs 242 Cr revenue Q3 FY25; PBT jumps 54%

Ixigo released its financial results for the third quarter of the ongoing fiscal year (Q3 FY25) on Tuesday. The company reported a 41% growth in scale, while its year-on-year (YoY) profits declined by 49.3%. Ixigo’s revenue from operations surged 41.5% to Rs 242 crore in Q3 FY25 in contrast to Rs 171 crore in Q3 FY24, as per the firm’s consolidated financial results sourced from the National Stock Exchange. The company generated the majority (49.6%) of its operating revenue from train ticketing which increased to Rs 120 crore in Q3 FY25 from Rs 95 crore in Q3 FY24. Flight and bus booking services contributed 28% and 21.4% respectively. Besides operating revenue, the firm also earned Rs 5.2 crore via interest and gains from financial assets during the quarter, taking its total topline to Rs 247 crore in Q3 FY25. Ixigo’s gross transaction value (GTV) increased 48% year-on-year to Rs 4,036 crore during the third quarter of the ongoing fiscal year. Employee benefits expenses rose by 17% YoY to Rs 41 crore. Overall, the company's total costs grew 42.7% to Rs 224 crore in Q3 FY25 compared to Rs 157 crore in Q3 FY24. Ixigo's net profits dropped by 49.3% to Rs 15.5 crore in Q3 FY25 from Rs 30.6 crore in Q3 FY24, attributed to a deferred tax income of Rs 16.7 crore booked in Q3 FY24. On a PBT basis, profits showed a significant QoQ increase of 54% to Rs 21.4 crore in Q3 FY25 from Rs 13.9 crore in Q3 FY24. Ixigo is currently trading at Rs 127.7 with a total market capitalization of Rs 4,886 crore or $581 million.

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