Ixigo Financial Results for Q4 FY26

Ixigo, the prominent online travel aggregator, has released its financial results for the fourth quarter of the ongoing fiscal year (Q4 FY26) on Thursday. The company experienced an 8.5% year-on-year increase in revenue, with its profit nearly doubling during this period.

The operational revenue for Ixigo surged to Rs 308 crore in Q4 FY26, compared to Rs 284 crore in Q4 FY25, according to unaudited financial results from the National Stock Exchange (NSE).

Revenue Breakdown

Based in Gurugram, Ixigo derived the largest portion of its operating revenue from train ticketing, which accounted for 40% of total revenue during the quarter. Revenue from train ticketing reached Rs 124 crore in Q4 FY26, showing a slight decline from Rs 126 crore in Q3 FY25. Additionally, flight and bus booking services generated Rs 96 crore and Rs 80 crore, respectively, contributing to the overall revenue.

Total Income and Gross Transaction Value

In addition to operational revenue, the company earned Rs 19 crore through interest income and gains from financial assets in this quarter, resulting in total income of Rs 327 crore for the period ending in March 2026. The shareholder letter reflected that Ixigo’s gross transaction value (GTV) grew by 25% year-on-year to Rs 18,692 crore in FY26, while operating cash flow increased by 60% to reach Rs 195 crore.

Expenses Overview

Though Ixigo did not provide a detailed breakdown of expenses in its quarterly financial statements, employee benefit expenses saw an uptick, amounting to Rs 48.5 crore. The company’s total expenses also rose by 9.9%, reaching Rs 289 crore in Q4 FY26, compared to Rs 263 crore in Q4 FY25.

Profitability Metrics

The company’s profit surged by 92% to Rs 32 crore in Q4 FY26, compared to Rs 16.7 crore in Q4 FY25. For the entire fiscal year, Ixigo reported a profit amounting to Rs 71.4 crore.

Market Comparison

In comparison, Ixigo’s listed competitor MakeMyTrip reported revenue of $250 million during Q4 FY26, although its profit experienced a decline of 16.8% during the same timeframe.

As of the close of trading on Thursday (May 21), Ixigo’s shares were priced at Rs 163, leading to a market capitalization of Rs 7,147 crore.