ixigo Shares Rally 15% To Touch Fresh 52-Week High

Shares of ixigo jumped over 15% to touch a fresh 52-week high at INR 206.40 on the BSE a day after it reported its financials for the first quarter of the ongoing financial year (Q1 FY26). 

With a surge in the share price, the online travel aggregator hit its 52 week high during the intraday trade today. 

ixigo has reported a consolidated net profit of INR 18.9 Cr in Q1 FY26, an increase of 27% from INR 14.9 Cr in the year-ago quarter. On a quarter on quarter (QoQ) basis, profit rose 13% from INR 16.8 Cr. 

At 11:37 AM, the stock was 13.76% high at INR 203.75 and its market capitalisation zoomed to INR 7,952.20 Cr. By that time, more than 3.9 Cr shares of ixigo traded hands on the exchanges. 

ixigo has performed well in both short and long term as it gained almost 18% in the last one year and over 10% in the past month. On a year-to-date basis, the stock has gained nearly 14% at the time of writing. 

The surge in ixigo’s share price is in contrast with the fall in benchmark indices today. While NSE Nifty was trading 0.031% lower at 25,204.35, BSE Sensex was 0.067% down at 82,579.32 during the last check. 

Founded in 2007 by Aloke Bajpai and Rajnish Kumar, ixigo initially started as a travel search website to help users compare flight deals. Later, it pivoted to become an OTA which lets users book flight, train and bus tickets, hotels, and holiday packages.

Ixigo’s Performance In Q1 FY26 

ixigo’s profitability in Q1 increased on the back of an uptick in its top line. The OTAs operating revenue for the quarter surged 73% to INR 314.5 Cr from INR 181.9 Cr in Q1 FY25. 

Sequentially, the company’s top line zoomed 11% from INR 284.1 Cr operating revenue it posted in Q4 FY25. 

Including other income of INR 7 Cr, the company’s total income for the quarter stood at INR 321.4 Cr. Total expenses rose 74% YoY and 11% QoQ to INR 293.8 Cr during the quarter. 

ixigo’s Q1 FY26 EBITDA surged 69% YoY to INR 32.5 Cr.

The company in a statement said that Q1 FY26 marked its “all-time high financials” performance till date.

ixigo’s three businesses-  train ticket booking, flight ticket booking and bus booking were profitable in the quarter. It must be noted that the highest revenue contribution to ixigo’s top line came from its train business. 

To further boost its revenue, the company announced that it would acquire an additional 11% stake in its train food delivery subsidiary Zoop for INR 3.3 Cr. Notably, ixigo acquired a 51% stake in Zoop in October 2024.