Results · Mobility & Logistics

Ixigo reports 55% PAT growth in Q3 FY26

By Startup Enthusiast · 22 January 2026

What they do

Ixigo posted INR 24 Cr profit after tax, up 55% year-on-year

Operating revenue rose 31% to INR 317.6 Cr, led by 50% flight revenue growth

Tax expense increased 44% to INR 8.5 Cr, with an exceptional loss of INR 2.8 Cr from gratuity liability

Ixigo released its Q3 FY26 financial results on 22 Jan 2026.
The company posted a PAT of INR 24 Cr, showing 55% YoY growth.
Flight revenue reached INR 102.4 Cr, up 50% from INR 68.3 Cr last year.
Bus revenue grew 47% to INR 75.6 Cr, including higher employee benefits.
Adjusted EBITDA increased by 27% to INR 30.8 Cr during the quarter.
Tax expense rose 44% to INR 8.5 Cr due to standard corporate rates.
The company recorded a Gross Transaction Value of INR 4,902.9 Cr for gratuity liabilities.
Market capitalization stood at INR 10,320 Cr or roughly $1.1 billion.

Competitor MakeMyTrip reported a loss despite higher revenue in the same period.
Profitability improvements highlight efficient cost management compared to peers.

The platform offers booking services for flights, trains, buses, hotels, and cabs.
Train bookings contributed 42% of total operating revenue in Q3 FY26.
Flight revenue accounted for 32% of the total operating income.
Bus revenue made up the remaining 24% of the operating revenue mix.
Gross Transaction Value (GTV) grew 21% to INR 4,902.9 Cr.
Flight GTV saw the highest growth at 36% year-over-year.
The company serves the 'next billion users' segment across India.
Proprietary algorithms and crowdsourced data power utility tools on the app.
B2B integrations include powering train bookings on the Rapido app.