India’s tech-driven online travel platform, ixigo, has reported an impressive financial performance for the fourth quarter of FY25, with its consolidated net profit soaring 127% year-on-year to INR 16.8 crore from INR 7.4 crore in the same quarter last year. This marks ixigo’s strongest quarter yet, reflecting robust growth across all business verticals. On a sequential basis, profit also rose by 8% compared to INR 15.5 crore in Q3 FY25.
Revenue Surges 72% Year-on-Year
ixigo’s operating revenue for Q4 FY25 zoomed 72% to INR 284.1 crore, up from INR 164.9 crore in Q4 FY24. Compared to the previous quarter, revenue increased by 18% from INR 241.8 crore. Including other income of INR 5.9 crore, total income for the quarter stood at INR 290 crore, nearly doubling from INR 167.9 crore a year ago.
Strong Growth in Gross Transaction Value (GTV)
The company’s Gross Transaction Value (GTV) – a key metric reflecting total bookings – surged 65% year-on-year to INR 4,418.4 crore in Q4 FY25. This growth was driven by significant demand in flight and bus bookings, each witnessing an impressive 92% year-on-year increase in GTV. Train bookings also grew steadily by 41%, underscoring ixigo’s strong presence in Tier 2 and Tier 3 cities, which remain core to its business strategy.
Diversified Business Model Driving Success
ixigo’s diversified portfolio across flights, buses, and trains has been instrumental in its financial success. While trains account for 45% of GTV, flights and buses contribute 42% and 12%, respectively. Notably, buses now represent the largest share of contribution margin, highlighting the company’s balanced revenue streams and operational efficiency.
EBITDA and Profitability on the Rise
Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) grew 64% year-on-year to INR 30.7 crore in Q4 FY25. Adjusted EBITDA, which factors in employee stock options and other income, increased by 70% to INR 29.1 crore. This strong profitability reflects ixigo’s ability to scale while maintaining healthy margins.
FY25 Full-Year Highlights: Sustained Growth and Profitability
For the entire fiscal year FY25, ixigo’s net profit surged 34% to INR 81.7 crore from INR 61.1 crore in FY24. Operating revenue rose by 40% year-on-year to INR 932.2 crore. The company also reported robust cash flow from operations amounting to INR 122 crore, demonstrating strong financial discipline alongside growth.
Leadership Commentary: A Defining Year for ixigo
Rajnish Kumar, Group Co-CEO, and Aloke Bajpai, Group CEO, described Q4 FY25 as ixigo’s strongest quarter driven by consistent acceleration across all business lines. They attributed growth to a customer-centric approach, tech-driven efficiency, AI-powered operations, and enhanced brand awareness.
Group CFO Saurabh Devendra Singh highlighted ixigo’s successful public listing in FY25, calling it a defining year that proved scale and financial discipline can coexist.
Indian Travel Market and ixigo’s Strategic Position
ixigo’s growth story is closely tied to India’s expanding travel market, especially in Tier 2 and Tier 3 cities where digital adoption is rising rapidly. The company’s multi-modal platform – combining flights, buses, and trains – offers a unique competitive advantage, enabling it to capture evolving travel demand patterns and diversify revenue sources.
What This Means for Indian Travellers and the Industry
With travel demand rebounding strongly post-pandemic, ixigo’s record results signal growing confidence among Indian travellers. The company’s focus on technology, user experience, and diversified offerings positions it well to benefit from the increasing preference for online travel bookings across the country.
Conclusion
ixigo’s Q4 FY25 financial results underscore its emergence as a dominant player in India’s online travel space. The 127% jump in net profit and 72% revenue growth reflect a well-executed strategy focused on innovation, customer-centricity, and operational excellence. As India’s travel market continues to expand, ixigo’s robust performance sets a positive tone for the company’s future growth trajectory.