Ixigo reported a net profit of 63.42 crore for the July-September quarter. Revenue from operations went up 13% to 320.96 crore. Group CEO Aloke Bajpai said, "GBV from hotels crossed 100 crores, a 159% year-on-year growth." Many users who book trains and flights helped the company reach this strong performance.
Ixigo's financial report reveals a net profit of 63.42 crore for the July-September period, indicating robust performance. The company enjoyed a 13% increase in operational revenue, totaling 320.96 crore. Their hotel segment excelled with a Gross Bookings Value surpassing 100 crores, reflecting a remarkable 159% year-on-year growth and driving significant revenue increase, largely from its loyal user base utilizing various transportation services.
New Delhi: AI-powered Indian travel platform ixigo reported a net profit of 63.42 crore for the July-September quarter. Revenue from operations went up 13% year on year to 320.96 crore.
The hotels business has hit a 'critical mass' for ixigo. "GBV from hotels crossed 100 crores, a 159% year-on-year growth. Revenue grew more than 500% (over 6x growth year-on-year). The take rate is the highest across our business at 12% plus, and that take rate is growing year-on-year," group chief executive Aloke Bajpai said. He said 86% of this growth comes from the company's own captive user base -- people who book transportation like trains, buses, and flights.