Travel platform ixigo's net profit more than doubles in Q4 on strong demand

Le Travenues Technology Limited, which operates online travel platform ixigo, reported a 72% year-on-year (YoY) rise in revenue from operations to Rs 284.1 crore in Q4 FY25, up from Rs 164.9 crore in the same quarter last year.

The company also noted a 65% YoY increase in gross transaction volume (GTV), reaching Rs 4,418.4 crore in the quarter.

Flight and bus segments led the growth with a 92% YoY jump in GTV, while train GTV grew 41%, compared with Q4 FY24.

Profit After Tax (PAT) more than doubled to Rs 16.8 crore in Q4 FY25 from Rs 7.3 crore a year earlier, marking a 128% increase.

Contribution margin rose by 69% to Rs 120.9 crore in Q4 FY25, while EBITDA grew 64% to Rs 30.7 crore. Adjusted EBITDA (which excludes ESOP expenses and other income) increased by 70% to Rs 29.1 crore from Rs 17.1 crore in Q4 FY24.

For the full year FY25, ixigo reported Rs 14,972 crore in GTV and Rs 914 crore in operating revenue.

Rajnish Kumar, Group Co-CEO, and Aloke Bajpai, Group CEO, said, "This has been our strongest quarter yet, driven by consistent quarter-on-quarter acceleration across all lines of business. Our outstanding growth in categories such as flights and buses stems from a unique playbook that combines a customer-centric approach, ability to cross-sell and up-sell to a unique captive user base, a tech-centric DNA, AI-driven efficiency and enhanced brand awareness—all while maintaining healthy margins. We’re also seeing operating leverage kick in as demonstrated in our robust cash flow from operations amounting to Rs 122 crores in FY25."