NEW DELHI: Online travel aggregator Ixigo delivered a strong operating performance in the third quarter of FY26, reporting solid revenue growth alongside a sharp improvement in profitability, reflecting sustained demand across its core travel segments.
According to the company’s unaudited financial results filed with the National Stock Exchange, Ixigo’s revenue from operations rose 31% year-on-year to Rs 317.6 crore in Q3 FY26, compared to Rs 242 crore in the same quarter last year.
Train Ticketing Remains Key Growth Driver
Train ticketing continued to be Ixigo’s largest revenue contributor during the quarter, accounting for 42% of operating income. Revenue from this segment increased to Rs 134 crore, up from Rs 120 crore a year ago, underlining the platform’s strong positioning in rail bookings.
Flight bookings contributed 32% of overall revenue, while bus ticketing made up 24%, highlighting the company’s diversified travel services portfolio and balanced growth across categories.
Other Income Lifts Total Earnings
In addition to its core operations, Ixigo earned Rs 16.5 crore through interest income and gains from financial assets during the quarter. This pushed the company’s total income to Rs 334 crore for the three months ended December 2025.
Costs Rise, Profitability Improves
While the company did not disclose a detailed cost breakup, employee benefit expenses rose 15% year-on-year to Rs 45 crore, reflecting ongoing investments in talent and technology. Overall expenses increased 32% to Rs 296 crore in Q3 FY26, compared to Rs 224 crore in Q3 FY25.
Despite higher costs, Ixigo significantly strengthened its bottom line. Net profit climbed 55% to Rs 24 crore, up from Rs 15.5 crore in the corresponding quarter last year, indicating improved operating leverage.
ESOP Grant and Market Position
During the quarter, the company approved the grant of 98,944 stock options under its ESOP schemes (2013, 2016, and 2021). Based on the prevailing share price, the ESOP allocation is valued at approximately Rs 2.3 crore.
In the broader travel-tech space, competitor MakeMyTrip reported revenue of $295 million in Q3 FY26, while narrowing its losses by 74% to $7 million, highlighting improving fundamentals across the sector.
Market Capitalisation
Ixigo’s shares closed at Rs 235 on Thursday (January 22), valuing the Gurugram-based company at a market capitalisation of Rs 10,320 crore, or roughly $1.1 billion.
With consistent revenue growth, rising profitability, and strong traction in rail and flight bookings, Ixigo’s performance in Q3 FY26 underscores its strengthening position in India’s competitive online travel market.
