Online travel aggregator Ixigo's profit surges 78% in Q1 FY25

At the same time, the company said, revenue from operations grew by 16% year-on-year (YoY) to ₹181.9 crore in the latest April-June quarter compared to ₹156.6 crore in the first quarter of FY24.

EBITDA (earnings before interest, taxes, depreciation and amortization) also jumped 62% year-on-year to ₹19.2 crore in the reporting period, while adjusted EBITDA increased to ₹20.3 crore, up 48% from ₹13.7 crore in the year-ago quarter.

Adjusted EBITDA comprises EBITDA plus ESOP (employee stock ownership plan) expenses less other income.

"We remain committed to growing responsibly and balancing profitability with growth given we will continue investing into initiatives that help us in the long term," said Saurabh Devendra Singh, Group CFO, ixigo.

"We continued to see momentum in our growth in Q1 FY25, with an all-time high GTV, revenue from operations, contribution margin and adjusted EBITDA for the quarter. We continue to expand rapidly and improve our market share and at the same time have been able to improve our profitability," the company said.

The government's initiatives on infrastructure, capacity creation and spiritual tourism are set to benefit our sector, it said.