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

EntrackrEntrackr · 1y ago
Ixigo posts Rs 242 Cr revenue Q3 FY25; PBT jumps 54%
Medial

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.

MakeMyTrip posts $295 Mn revenue in Q3 FY26; profit down 74%

EntrackrEntrackr · 14d ago
MakeMyTrip posts $295 Mn revenue in Q3 FY26; profit down 74%
Medial

MakeMyTrip posts $295 Mn revenue in Q3 FY26; profit down 74% Online travel booking (OTA) giant MakeMyTrip, which is listed on NASDAQ, has announced its financial results for the third quarter of the ongoing fiscal year ending December 31, 2026. The company’s profit decreased by 74% in the period. MakeMyTrip’s operating revenue increased by 11% to $295.7 million in Q3 FY26 from $267 million in Q3 FY25, as per its financial statements filed with NASDAQ. Hotels and packaging contributed 54% of the company’s revenue, which increased by 9.5% to $191 million in Q3 FY26, up from $147 million in Q3 FY25. Air ticketing accounted for 20% of the revenue, generating $60 million, while bus ticketing generated $37 million in the period. For the nine-month period, the company’s revenue increased by 8% to $794 million from $733 million, a year earlier. MakeMyTrip’s total expenses rose 18% to $289 million in Q3 FY26 from $244 million in Q3 FY25. Service cost accounted for 30% of the total, increasing 14% to $88 million in Q3 FY26. Finance cost, personal expense, and advertising were other major costs for MakeMyTrip in the last quarter. With the company’s expenses increasing more than revenue, MakeMyTrip’s profit decreased by 74% to $7 million in Q3 FY26 compared to $27 million in Q3 FY25. On a unit basis, the Gurugram-based company spent Rs 0.98 to earn a rupee of operating revenue during the last quarter.

CarTrade posts Rs 210 Cr revenue in Q3 FY26, profit jumps 35%

EntrackrEntrackr · 8d ago
CarTrade posts Rs 210 Cr revenue in Q3 FY26, profit jumps 35%
Medial

CarTrade released its financial results for the third quarter of the ongoing fiscal year (Q3 FY26) on Wednesday. The company reported a 19% year-on-year revenue growth, with profit crossing the Rs 50 crore mark in the same time period. CarTrade’s revenue from operations grew to Rs 210 crore in Q3 FY26 in contrast to Rs 176 crore in Q3 FY25, as per the firm’s unaudited financial results sourced from the National Stock Exchange (NSE). The company’s total income for Q3 FY26 grew to Rs 228 crore, compared to Rs 193 crore in Q3 FY25. The Mumbai-based company operates in three segments: Consumer, Remarketing, and Classifieds. Income from the consumer segment formed 41% of the total operating revenue which increased to Rs 86 crore in Q3 FY26. Income from the remarketing and classified segment stood at Rs 66 crore and Rs 59 crore, respectively, in the third quarter of the ongoing fiscal year. On the expense front, employee benefits expenses formed 53% of the overall spending which went up a modest 4% to Rs 76 crore during the period. Including other costs, CarTrade’s overall expenses increased 3% to Rs 144 crore in Q3 FY26 from Rs 139.5 crore during Q3 FY25. The decent growth and controlled spending enabled CarTrade to increase its net profit to Rs 61.5 crore in Q3 FY26, compared to Rs 45.5 crore in Q3 FY25. However, on a sequential basis, the company’s profit decreased by 4% from Rs 64 crore in Q2 FY26. CarTrade was in preliminary discussions with CarDekho for a potential merger in India’s automotive classifieds space, but the two companies mutually decided to call off the proposed consolidation. CarTrade’s share price is trading at Rs 2,333 (as of 11:36 AM) with a total market capitalization of Rs 11,163 crore ($1.2 billion).

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