Revenue from operations rose 73% year-on-year (YoY) to Rs 314.5 crore, while net profit increased 27% YoY to Rs 19 crore. Gross transaction value (GTV) for the quarter stood at Rs 4,644.7 crore, up 55% YoY, driven by an 81% rise in flight and bus GTV and a 30% increase in train GTV.
EBITDA rose 69% YoY to Rs 32.5 crore. Adjusted EBITDA (EBITDA plus ESOP expenses less other income) grew 54% to Rs 31.4 crore from Rs 20.3 crore a year ago.
Also Read: 9 undervalued mid-cap stocks with upside potential of up to 23%
Rajnish Kumar, Group Co-CEO of ixigo, and Aloke Bajpai, Group CEO of ixigo, said the company continues to witness rapid growth and has achieved new all-time highs. They attributed the growth in categories such as buses and flights to a customer-centric approach, the ability to cross-sell and up-sell to a captive user base, AI-driven efficiencies, and enhanced brand awareness.
Saurabh Devendra Singh, Group CFO of ixigo, said the first quarter of FY26 was another strong period, delivering record revenue and profits across all key verticals.
“The 54% increase in adjusted EBITDA and 76% growth in PBT (excluding exceptional items) demonstrate the strength of our operating model and disciplined execution. We remain committed to driving sustainable growth,” he added.
The company said it crossed 10,000 daily meal deliveries via Zoop, with over 20 lakh meals served across 200+ stations since October 2024.
ixigo’s bus business, AbhiBus, partnered with global travel platform CheckMyBus to expand the reach of its bus inventory to international travellers.
The company added that its bus and train segments continue to gain traction. In Q1 FY26, train bookings by Gen Z travellers (aged 18–30) rose 45% year-on-year, with Mumbai, Delhi, Kolkata, Visakhapatnam, and Pune emerging as the fastest-growing markets. Bus bookings from this cohort surged 56% YoY, led by Indore, Lucknow, and Nagpur.
Train bookings by solo female travellers grew 123% YoY. ixigo said it is deepening investment in agentic AI and automation to drive scalable, customer-first innovation.
Key AI-led initiatives for the quarter included voice-based customer support, enhanced AI-driven personalisation, and expanded bundled offerings like travel insurance and visa rejection protection. ixigo also noted that its Q1 flash sales for flights and hotels were powered by AI-generated videos and creatives, cutting production costs to just 0.1% of traditional budgets.
Also Read: SBI, Federal Bank among 11 banks that saw NPA improvement in Q4
(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)
