Ixigo reported robust Q3 FY26 results, with revenue from operations rising to ₹317 crore—about 31% year‑on‑year—driven by sustained demand across rail, air and road travel and reflecting improving operational efficiency and profitability.
Travel demand drives balanced revenue growth
The Gurugram‑based travel technology firm saw higher activity across its core booking verticals in the quarter ended December 2025. Train ticketing remained the largest revenue contributor, accounting for nearly 42% of operating income; train revenue was approximately ₹134 crore, underscoring Ixigo’s strong position in railway-focused digital services.
Flight bookings contributed around 32% of revenue, aided by stronger air travel during the festive and holiday season. Bus ticketing made up roughly 24% of operating revenue, supported by rising inter‑city mobility. These diversified revenue streams helped Ixigo sustain steady top‑line expansion amid a competitive online travel market.
Including interest and other non‑operational income, the company’s total income for the quarter was about ₹334 crore.
Profitability improves on higher margins and cost control
Ixigo reported a net profit of nearly ₹24 crore in Q3 FY26, a rise of about 55% year‑on‑year. The improvement reflects better cost management and higher contribution margins even as overall spending increased.
Total expenses for the quarter were approximately ₹296 crore, up from ₹224 crore in Q3 FY25. Employee benefit costs rose near 15% to about ₹45 crore, indicating continued investment in talent and operational capacity. Despite higher costs, the company returned to profitability after a loss in the previous quarter, signalling improved scale efficiencies and resilience to shifting market conditions.
Investor confidence and employee incentives
Ixigo’s quarterly results supported investor sentiment: shares traded near the ₹235 level following the announcement, implying a market capitalisation in excess of ₹10,000 crore. The board also approved the grant of roughly 99,000 employee stock options, a move aimed at retention and long‑term value creation.
Outlook
Ixigo’s Q3 performance reflects a broader recovery in India’s online travel and mobility ecosystem. With a diversified revenue mix across rail, air and road bookings, growing digital adoption among travellers and continued focus on technology‑driven solutions, the company appears positioned to maintain growth momentum in upcoming quarters.
