Ixigo logs 128% rise in Q4 net profit; operating revenue up 72%

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Le Travenues Technology, the parent company of online travel aggregator Ixigo, saw its net profit increase significantly by 128% year-on-year (YoY) to Rs 16.7 crore for the quarter ended March.

The company reported operating revenue of Rs 284 crore for the quarter, up 72% from Rs 165 crore a year ago, on account of growth across all lines of business.

The company’s total expenses rose to Rs 263 crore in the March quarter from Rs 152 crore in the same period last year. A significant amount of the expenditure was attributed to employee benefits and…



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Ixigo logs 128% rise in Q4 net profit; operating revenue up 72%


Le Travenues Technology, the parent company of online travel aggregator Ixigo, saw its net profit increase significantly by 128% year-on-year (YoY) to Rs 16.7 crore for the quarter ended March.

The company reported operating revenue of Rs 284 crore for the quarter, up 72% from Rs 165 crore a year ago, on account of growth across all lines of business.

The company’s total expenses rose to Rs 263 crore in the March quarter from Rs 152 crore in the same period last year. A significant amount of the expenditure was attributed to employee benefits and…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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