Ixigo posts Rs 501 Cr revenue and Rs 23 Cr profit in FY23

Ixigo's FY23 Triumph: 32% Growth, Rs 23 Crore Profit Fueled by Train Ticket Success, Strategic Resilience, and Adaptive Moves in a Dynamic Travel Landscape

Expert Analysis:

• Ixigo, a prominent OTA and leading train travel platform achieved a strong 32% growth in FY23, returning to profitability.

• Revenue surged to Rs 501 crore, primarily from convenience fees and commissions (93% of total revenue).

• Strategic acquisitions, like ConfirmTkt, bolstered train ticket bookings, making it the highest revenue contributor at 61%.

• Controlled expenditure, notably in employee benefits, led to a notable Rs 23 crore profit.

• Despite IPO plans on hold, Ixigo's entry into independent hotel bookings showcases adaptability in a dynamic travel industry.