Ixigo posts Rs 317 Cr revenue in Q3 FY26; profit grows 55%

Online travel aggregator (OTA) Ixigo released its financial results for the third quarter of the ongoing fiscal year (Q3 FY26) on Thursday. The company reported a 31% growth in scale, while the company also increased its profit during the same period.

Ixigo’s revenue from operations increased to Rs 317.6 crore in Q3 FY26 in contrast to Rs 242 crore in Q3 FY25, as per the firm’s unaudited financial results sourced from the National Stock Exchange (NSE).

The Gurugram-based company generated the largest share (42%) of its operating revenue from train ticketing, which rose to Rs 134 crore in Q3 FY26 from Rs 120 crore in Q3 FY25. Flight and bus booking services contributed 32% and 24% to the company’s revenue, respectively.

Besides operating revenue, the firm also earned Rs 16.5 crore via interest and gains from financial assets during the quarter which took its total income to Rs 334 crore in the quarter ending December 2025.

Ixigo has not provided a detailed breakdown of expenses in its quarterly financial statements. However, employee benefits expenses rose by 15% YoY to Rs 45 crore. Overall, the company's total costs grew 32% to Rs 296 crore in Q3 FY26 compared to Rs 224 crore in Q3 FY25.

Ixigo increased its profit by 55% to Rs 24 crore in Q3 FY26, as compared to a profit of Rs 15.5 crore in Q3 FY25.

The company also approved the grant of 98,944 stock options under its ESOP scheme (2013, 2016, 2021). The ESOP is valued at around Rs 2.3 crore according to the company’s share price.

The company’s competitor MakeMyTrip posted $295 million revenue in Q3 FY26 with its loss falling by 74% to $7 million in the period.

At the close of trading on Thursday (Jan 22), Ixigo’s shares were priced at Rs 235, giving the online travel aggregator a market capitalization of Rs 10,320 crore (approximately $1.1 billion).