Ixigo Financial Results Q3 FY26: Strong Growth and Profit Increase
Ixigo, an online travel aggregator, announced its financial performance for the third quarter of the current fiscal year (Q3 FY26) on Thursday. The company experienced a remarkable 31% growth in scale while also boosting its profits during this timeframe.
The revenue from operations for Ixigo surged to Rs 317.5 crore in Q3 FY26 compared to Rs 242 crore in Q3 FY25, based on the unaudited financial results sourced from the National Stock Exchange (NSE). The Gurugram-based enterprise derived the largest portion (42%) of its operating revenue from train ticketing, which increased to Rs 134 crore in Q3 FY26 from Rs 120 crore in Q3 FY25. Additionally, flight and bus booking services accounted for 32% and 24% of the company’s revenue, respectively.
Alongside operational revenue, Ixigo also garnered Rs 16.5 crore from interest and gains on financial assets during the quarter, bringing its total income to Rs 334 crore for the quarter ending December 2025.
While Ixigo has not disclosed detailed information regarding its expenses in its quarterly financial statements, employee benefits expenses elevated by 15% year-on-year to Rs 45 crore. Overall, the company’s total expenses rose by 32%, reaching Rs 296 crore in Q3 FY26 compared to Rs 224 crore in Q3 FY25.
Ixigo’s profit increased by 55% to Rs 24 crore in Q3 FY26, up from a profit of Rs 15.5 crore in Q3 FY25. The company also authorised the issuance of 98,944 stock options as part of its ESOP scheme (2013, 2016, 2021), which is valued at approximately Rs 2.3 crore based on the company’s share price.
In contrast, Ixigo’s competitor MakeMyTrip reported revenues of $295 million in Q3 FY26, with its losses reducing by 74% to $7 million during the same period.
At the end of trading on Thursday (Jan 22), shares of Ixigo were listed at Rs 235, resulting in a market capitalization of Rs 10,320 crore (about $1.1 billion).
