ixigo, India's leading online travel agency, has reported impressive financial results for the fiscal year 2024, underscoring its strong market position and growth trajectory. The company's Gross Transaction Value (GTV) surpassed INR 10,000 Cr, achieving a notable 38% year-over-year (YoY) growth rate. This growth was particularly driven by a 75% increase in Flight GTV, highlighting ixigo's dominance in the flight booking segment.

Revenue from Operations for FY24 reached INR 655.9 Cr, representing a robust 30.8% YoY increase from INR 501.3 Cr in FY23. The fourth quarter of FY24 alone saw a 20.4% YoY revenue growth, totaling INR 164.9 Cr. The Contribution Margin (CM) for the year rose by 34.7%, supported by strong performances in bus and train bookings.

In terms of profitability, ixigo reported a Profit After Tax (PAT) of INR 73.1 Cr for FY24, marking substantial growth driven by operational efficiencies and strategic market expansion. Adjusted EBITDA, which includes ESOP Expenses and Other Income, saw a significant increase of 24.7% YoY, amounting to INR 55.3 Cr for the year.

Commenting on the results, ixigo's Group CEO, Aloke Bajpai, and Group Co-CEO, Rajnish Kumar, expressed satisfaction with the company's performance. They attributed the strong financial outcomes to ixigo's commitment to enhancing customer experience and expanding market share across key verticals despite challenging market conditions.

Looking ahead, ixigo remains focused on leveraging technological advancements and strategic initiatives to sustain its growth momentum and further strengthen its position in India's competitive online travel market.

This financial success positions ixigo as a pivotal player in India's travel and hospitality industry, poised for continued growth and innovation in the coming years.