ixigo’s GTV jumps 19% to ₹5,524 Cr in Q1 FY27
In Q1 FY27, ixigo’s gross transaction value grew 19% year-on-year to ₹5,524 crore while revenue from operations rose 13% to ₹357 crore. Contribution margin increased 13% to ₹145 crore, but adjusted EBITDA fell 7% to ₹29 crore.
The company reported 8.5 crore monthly active users and 3.27 crore app downloads during the quarter. Ixigo monetises bookings through airline commissions and traveller convenience fees for flights, operator commissions and fees for buses, hotel commissions, and for trains through agent service charges, value‑added services, advertising and payment‑related revenue. These streams are supported by its portfolio spanning the ixigo app, train‑focused ConfirmTkt and bus‑focused AbhiBus, alongside its flight and hotel offerings.
Ixigo began in 2007 as a flight meta‑search platform and, after nearly eight years, transitioned to a marketplace model before launching its own air ticketing platform in 2019. It later added hotels and, through acquisitions, brought ConfirmTkt and AbhiBus into its multi‑brand portfolio while competing with MakeMyTrip, EaseMyTrip, Yatra and Cleartrip in a seasonally driven market.
What we know
ixigo’s GTV grew 19% YoY to ₹5,524 Cr in Q1 FY27
revenue from operations rose 13% to ₹357 Cr in Q1 FY27
contribution margin increased 13% to ₹145 Cr in Q1 FY27
adjusted EBITDA declined 7% YoY to ₹29 Cr
ixigo had 8.5 Cr monthly active users in Q1 FY27