Online travel aggregator (OTA) Ixigo released its financial results for the first quarter of the ongoing fiscal year ending March 2027 on Thursday. The company reported an 13% year-on-year growth in revenue, while its profit rose 81% to Rs 34 crore during the same period. Ixigo’s revenue from operations increased to Rs 356.75 crore in Q1 FY27 from Rs 316.05 crore in Q1 FY26, according to the company’s unaudited financial results sourced from the National Stock Exchange (NSE). The Gurugram-based company derived the largest share of its operating revenue from train ticketing, which contributed more than 39% of the total in the quarter. Revenue from the segment rose to Rs 141.05 crore in Q1 FY27 from Rs 129.92 crore in the year ago period. Flight and bus ticketing generated Rs 104.56 crore and Rs 102.55 crore, respectively. Apart from operating revenue, the company reported Rs 29.15 crore from interest income and gains on financial assets, pushing its total income to Rs 385.9 crore in Q1 FY27. According to its press release, Ixigo's gross transaction value (GTV) increased 19% year on year to Rs 5,524.33 crore during the quarter. The company did not disclose a detailed expense breakup in its quarterly financial statements. Employee benefit expenses stood at Rs 58.59 crore, while total expenses rose 14.7% to Rs 337.76 crore in Q1 FY27 from Rs 294.35 crore in the corresponding quarter last year. Ixigo's profit rose 81% to Rs 34.34 crore in Q1 FY27 from Rs 18.94 crore in the corresponding quarter last year. On a sequential basis, profit increased 6.8% fromRs 32 crorein Q4 FY26. Its listed peer MakeMyTrip reported revenue of$286 millionin Q1 FY27, while profit declined 65% to $9.2 million during the same period. Ixigo's shares closed at Rs 202.67 on Thursday, valuing the online travel aggregator at a market capitalization of Rs 8,775 crore. Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever. You may find a list of our investorshere.
