DBT Bureau
Bengaluru, 5 July
Ixigo, the online travel aggregator, saw its share price surging 4% on Friday after the company posted a strong set of FY24 numbers.
The share price of Ixigo closed 4% at Rs 170.50 at NSE on Friday. The company, which got listed on bourses last month, saw a 212% jump in its net profit to Rs 73.1 crore in FY24 as compared to Rs 23.4 crore reported in the previous fiscal.
Its operating revenue during the year also rose almost 31% year-on-year (YoY) to Rs 655.9 crore.
According to the company, its train ticketing business grew 24% to Rs 370.1 crore in FY24, contributing the largest in terms of revenue of the company. The travel aggregator’s flight ticketing revenue also witnessed a healthy 43% jump year-on-year basis in FY24.
During the last financial year, its gross transaction value (GTV) crossed Rs 10,000 crore, a rise of 38% over the same period of previous fiscal year.
“FY24 has been an awesome year for the ixigo group. Our playbook of building the best customer experience for travellers has helped us continue our robust growth trajectory of 38% growth in our GTV and 30.8% growth in our revenue from operations. We have also hit double-digit adjusted EBITDA margins in Q4 and gained market share in all three key verticals of flights, buses and trains during the year despite limited capacity growth in the overall market during the quarter,” said Aloke Bajpai, Group CEO and Rajnish Kumar, Group Co-CEO, ixigo in a statement.
