Overview
- Ixigo reported a consolidated net loss of Rs 3.46 crore for the September quarter as total expenses rose 51.7% to Rs 290.4 crore while revenue from operations increased 37% to Rs 282.7 crore.
- A non-cash, one-time ESOP expense of about Rs 26.9 crore weighed on results; excluding it, profit before tax would have been Rs 24.4 crore, up year-on-year.
- Flights and buses led growth with revenue up roughly 60% and 64% respectively, while trains grew about 11% as recent Indian Railways policy changes affected booking patterns.
- Management cited temporary supply constraints including rail booking-rule shifts, a Delhi runway closure and weather, and said systems have been adjusted with conditions starting to normalise.
- Adjusted EBITDA excluding ESOP rose to about Rs 28.5 crore and GTV climbed 23% to Rs 4,347.5 crore; Ixigo is raising roughly Rs 1,296 crore in a Prosus-led preferential issue to fund AI-led expansion and is targeting 35–40% growth over the next 12–24 months subject to capacity stabilisation.