IXIGO has released its results for FY24

Author

Financial Analyst Intern

Publish Date10 September 2024

Reading time2 Min

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Revenue and Profitability: IXIGO's revenue increased by 31%, from ₹501 cr in FY23 to ₹656 cr in FY24. This substantial growth in revenue was accompanied by a 212.2% rise in profits, with PAT increasing from ₹23 cr in FY23 to ₹73 cr in FY24. Additionally, the EPS grew by approximately 247.4%, from ₹0.6 in FY23 to ₹2 in FY24, indicating a significant improvement in profitability per share.
Financial Position: The company’s total assets expanded by 7.9%, increasing from ₹586 cr in FY23 to ₹632 cr in FY24. Meanwhile, total equity saw a growth of 15.2%, rising from ₹387 cr in FY23 to ₹446 cr in FY24, reflecting a stronger financial foundation and improved shareholder value.
Future Prospects: IXIGO is well-positioned to continue its growth trajectory due to strong revenue performance and improving profitability. The company’s focus on operational efficiency and enhancing its asset base will likely contribute to sustained growth in the upcoming years.