Indian online travel technology company Ixigo has reported a strong financial performance for the third quarter of FY26, highlighting steady growth in revenue as well as profitability. The Gurugram-based travel platform posted revenue from operations of ₹317 crore for the quarter ending December 2025, reflecting a year-on-year growth of around 31%. Alongside this solid top-line performance, the company also recorded a sharp rise in profits, signalling improved operational efficiency and sustained demand across its core travel services.
Travel Demand Fuels Revenue Growth
Ixigo’s Q3 FY26 performance was largely driven by higher activity across its key booking verticals, including train, flight, and bus ticketing. Train bookings continued to remain the largest contributor to the company’s revenue, accounting for nearly 42% of operating income. Revenue from the train segment stood at approximately ₹134 crore during the quarter, highlighting Ixigo’s strong positioning in railway-focused digital travel solutions.
Flight bookings contributed roughly 32% of total revenue, benefitting from increased air travel demand during the festive and holiday season. Bus ticketing, another important growth driver, made up close to 24% of operating revenue, supported by inter-city travel and improving mobility trends across India. The balanced growth across multiple segments helped Ixigo maintain stable revenue expansion despite a competitive online travel market.
In addition to operating income, Ixigo also earned income from interest and other non-operational sources, taking its overall income for the quarter to around ₹334 crore.
Profitability Shows Clear Improvement
On the profitability front, Ixigo reported a net profit of nearly ₹24 crore in Q3 FY26, marking a healthy 55% increase compared to the same quarter last year. This improvement reflects better cost management and higher contribution margins even as overall expenses rose during the period.
Total expenses for the quarter climbed to approximately ₹296 crore, up from ₹224 crore in Q3 FY25. Employee benefit expenses increased by about 15% to ₹45 crore, indicating continued investment in talent and operational capacity. Despite higher costs, Ixigo managed to improve earnings, demonstrating increased efficiency and scale benefits.
Notably, the company returned to profitability after reporting a loss in the previous quarter, underlining its ability to adapt to market dynamics and deliver consistent financial performance.
Shareholder and Employee Developments
Ixigo’s performance also strengthened investor confidence. Following the announcement of its quarterly results, the company’s shares traded around the ₹235 level, translating into a market capitalisation of more than ₹10,000 crore. The company’s board also approved the grant of nearly 99,000 employee stock options, reflecting its continued focus on employee retention and long-term value creation.
Outlook Remains Positive
Ixigo’s Q3 FY26 results highlight a broader recovery in India’s online travel and mobility ecosystem. With strong demand across rail, air, and road travel, the company appears well-positioned to benefit from rising digital adoption among Indian travellers. Its diversified revenue mix, improving profitability, and focus on technology-driven solutions are expected to support growth momentum in the coming quarters.