Ixigo Confronts Losses Despite Strong Revenue Growth
Ixigo reported a Rs 3.46 crore loss in the September quarter, contrasting with a Rs 130.85 crore profit last year. Despite this, they saw a 37% revenue increase, driven by flight and bus sectors. Expenses rose, but the company remains optimistic about future growth and AI-driven customer experiences.
- Country:
- India
Ixigo, a leading travel tech platform, posted a consolidated loss of Rs 3.46 crore for the September quarter, a notable downturn from the Rs 130.85 crore profit reported during the same period last year.
Despite this setback, the company experienced a significant 37% increase in revenue from operations, reaching Rs 282.7 crore, up from Rs 206.5 crore in Q2 FY25. Flight and bus revenue surged 60% and 64% respectively, indicating robust sector performance.
However, total expenses climbed to Rs 290.4 crore, exceeding last year's Rs 191.47 crore. Ixigo's leadership remains confident, emphasizing growth in business lines and AI-driven customer experiences, supported by recent fundraising initiatives.
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