Akshata Sharma
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Gurugram-based travel ticket booking platform ixigo has reported a 78.3% growth in profit after tax (PAT), reaching Rs 14.8 crore in Q1FY25.
The company posted an operating revenue of Rs 181.8 crore, marking a 16.1% year-on-year growth from Rs 156.5 crore reported in Q1FY24.
Most of ixigo's Q1 FY25 revenues came from train bookings, which stood at Rs 100 crore and grew by 13.3% from Rs 88.6 crore earned in the year-ago period. Notably, the air ticketing segment grew 37.8% YoY to Rs 41.5 crore.
ixigo achieved a gross transaction value (GTV) of over Rs 2,988 crore in the first quarter of FY25, marking a 27% increase compared with the same period last year. GTV refers to the total amount paid (including taxes, fees and service charges, gross of all discounts) by users for the online travel agency services and products booked in the relevant period/year.
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