Results · Mobility & Logistics

Ixigo posts 81% profit jump, buys more Zoop stake

By Startup Enthusiast · 6 August 2026

What they do

Ixigo is a traveltech company that lets users book flights, trains, buses and hotels online

Q1 FY27 net profit rose 81% to ₹34.2 Cr; board also approved buying an 11% stake in Zoop for ₹36.4 Cr

The company plans to enter SME and corporate travel and aims to become the largest budget hotels player in 4-5 years

Ixigo reported a consolidated net profit of ₹34.2 Cr for Q1 FY27, up 81% from ₹18.9 Cr a year ago.
Operating revenue rose 13% YoY to ₹356.8 Cr, and total income including other income of ₹29.2 Cr was ₹385.9 Cr.
Expenses increased 15% YoY to ₹337.8 Cr, and the company recorded a loss of about ₹4 Cr from an associate.
Quarterly EBITDA was ₹53.5 Cr, up 65% YoY, and contribution margin stood at ₹144.9 Cr, up 13%.
Gross transaction value (GTV) for the quarter was ₹5,524 Cr.
The board approved acquiring an 11% stake in Zoop (online food delivery on trains) from Puneet Sharma and Manoj Kumar Singh for ₹36.4 Cr cash, raising ixigo's stake to 73%.
The board also approved an investment of €219,200 (₹2.4 Cr) in Singapore subsidiary ixigo Pte Ltd.
During Q1, ixigo acquired traveltech startup Brevistay in a ₹65.7 Cr deal.

The profit jump shows strong operating leverage as revenue grew faster than expenses.
Bus vertical GTV grew 39% YoY and revenue grew 34%; flights GTV grew 27% but was impacted by fare inflation from the West Asian conflict.
Ixigo is investing heavily in hotels, tech & AI, and brand marketing to sustain growth.
The company is training its own small language models (SLMs) for an AI-native platform called ixigo NEXT.

Ixigo is a traveltech company launched in 2007 that helps Indian travellers plan, book and manage trips across rail, air, buses and hotels.
It operates websites and mobile apps using AI, machine learning and data science.
Services include booking flight tickets, train tickets, bus tickets, hotels, cabs, and travel utility tools like PNR status, confirmation predictions, seat availability alerts, train running status, flight status, bus running status, pricing alerts, deal discovery, destination content, personalised recommendations, fare alerts and automated customer support.
It also offers ixigo Pro, Flight Tracker, Free Credit Card, Book Visa, Group Booking Plan and Fare Alerts.
Popular domestic airlines listed on the platform include IndiGo, Air India, Air India Express, Akasa Air, Alliance Air and SpiceJet.
The app offers up to 25% off with code GETAPP and features Auto Web Checkin, Boarding Pass, flight status, boarding gate and baggage belt.
Ixigo has direct partnerships with over 10,000 hotels across about 700 towns and adds thousands of properties every quarter.

Ixigo may enter the SME and corporate travel segment to diversify its demand base.
It aims to become the largest player in the budget hotels segment over the next 4-5 years.
The company plans heavy investment in hotels, tech & AI, brand and marketing, reinvesting operating leverage for future growth.
It is training its own small language models (SLMs) for the AI-native ixigo NEXT platform to improve productivity, automate operations, accelerate product launches and reduce third-party dependencies.