ixigo Posts INR 68 Cr PAT In Nine Months Of FY24, Nearly 3X Of FY23 Profit

ixigo Posts INR 68 Cr PAT In Nine Months Of FY24, Nearly 3X Of FY23 Profit

SUMMARY

In the first nine months of FY24, the ixigo reported an operating revenue of INR 491 Cr

The startup’s total expenditure in the nine months of FY24 was at INR 475.4 Cr

Earlier this week, ixigo refiled its DRHP with SEBI, to raise INR 120 Cr via fresh issue

IPO-bound Le Travenues Technology, the parent company of ixigo, has logged INR 65.7 Cr in profit, just within nine months of the financial year 2023-24 (FY24). This is almost a 3X of INR 23.3 Cr it had posted in profit during the entire FY23. It is further pertinent to note that the startup had incurred a loss of INR 21 Cr in FY22. 

In the first nine months of FY24, the Delhi NCR-based startup reported an operating revenue of INR 491 Cr. In FY23, ixigo’s sales stood at INR 501.2 Cr, a 32% increase from INR 379.5 Cr it had reported in FY22.

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