Ixigo logs 52% fall in Q3 net profit at Rs 15 crore
Le Travenues Technology, the parent company of online travel aggregator Ixigo, saw its net profit decline by 52% year-on-year (YoY) to Rs 15 crore for the quarter ended December 2024.
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The company reported operating revenue of Rs 242 crore for the quarter, up 42% from Rs 170 crore a year ago.
The company’s total expenses rose to Rs 224 crore in the December quarter from Rs 156 crore in the same period last year. A significant amount of the expenditure was attributed to employee benefits and other expenses.
Revenue from train reservations stood at Rs 110 crore, rising from Rs 95 crore a year ago. Revenue from airlines and buses stood at Rs 68 crore and Rs 51 crore, respectively.
Founded in 2007 by Aloke Bajpai and Rajnish Kumar, Ixigo allows users to book train, flight, and bus tickets, while offering various utility tools and services such as train PNR status and confirmation predictions, and updates for train seat availability.
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