Ixigo Q1 revenue rises 13%; profit jumps 81% as bus business accelerates

Ixigo reported Q1 FY27 operating revenue of Rs 356.75 crore and profit after tax of Rs 34.24 crore. Bus GTV grew 39% while flight GTV rose 27%; the company also acquired a 54.66% stake in flexible-stay platform Brevistay.

— Source publishedFri, 7 Aug, 2026, 09:04 IST·First seen Fri, 7 Aug, 2026, 10:00 IST·Source ET Retail

What happened

ixigo · Ixigo reported 13% Q1 FY27 revenue growth and an 81% profit increase, led by its fast-growing bus business. It expanded hotel supply, crossed 500,000

Key facts

  • Q1 FY27 operating revenue: Rs 356.75 crore, up 13% YoY
  • Profit after tax: Rs 34.24 crore, up 81% YoY
  • GTV: Rs 5,524.33 crore, up 19% YoY
  • Bus GTV: Rs 947.43 crore, up 39% YoY
  • Bus passenger segments: up 33% YoY
  • Bus contribution margin: Rs 54.22 crore
  • Flight GTV: Rs 2,341.84 crore, up 27% YoY
  • Flight bookings: up 4% YoY
  • Hotel room nights crossed 500,000
  • Direct hotel network: over 10,000 properties across 700 towns
  • Brevistay stake acquired: 54.66%
  • Adjusted EBITDA: Rs 29.24 crore, down 7% YoY

Why this matters

Ixigo’s 54.66% Brevistay acquisition expands it into flexible stays and could create cross-sell opportunities across its bus, flight and accommodation customer base.

What to watch

  • Bus GTV growth versus revenue growth and take-rate trends in subsequent quarters.
  • Marketing spend, adjusted EBITDA/PAT margin and customer-acquisition cost as competition intensifies.
  • Brevistay booking growth, integration milestones and any acquisition-related dilution to margins.
  • Flight GTV growth and airline-distribution economics, including changes in convenience fees or supplier commissions.
  • Repeat booking rates and cross-sell penetration from rail/bus users into stays and ancillaries.
  • Integrate Brevistay inventory, loyalty and payments into the Ixigo app while preserving its flexible-stay use case.
  • Prioritize bus-route supply, seat availability and conversion improvements in high-frequency intercity corridors.
  • Use rail and bus traveler data to cross-sell hotels, short stays, insurance and other higher-margin ancillaries.
  • Maintain marketing discipline to demonstrate that PAT growth is driven by durable operating leverage rather than reduced spending or one-off gains.