Key Takeaways from IXIGO Annual Report 2022

1. In FY22, Ixigo has completed 15 Years. They started the journey in 2007 by launching meta-search engine for Indian travelers, then train focussed application in 2013 and in 2022, it is a full stack application which provides various travel booking services such as bus ticket, Train Ticket, Railways and Flight tickets. 2. In FY21-22, Ixigo has acquired ConfirmTkt, a fast-growing train-focused business. After acquisition, the Ixigo has become the #1 OTA for train bookings in India with over 42% market share among OTAs by the end of FY21. 3. In FY21-22, Ixigo has clocked a revenue of 385 Crores and out of that 128 Crores was contributed by ConfirmTkt. So, big chunk of revenue is coming from the acquisition. 4. In FY21-22, they have acquired one more company called Abhibus. After acquiring this company, Ixigo has become 2nd largest player in Bus ticket booking. 5. In March-2022, they have touched 5 Million daily users who are coming on the application for booking various Bus, Train and Flight tickets. 6. They have achieved 84 Lac monthly downloads in the month of March-22. 7. The total Indian travel market has grown at an approximate CAGR of 10% from Fiscal 2015 reaching ₹ 4 Lac Crores in Fiscal 2020. This market size is expected to grow by 7% and reach ₹ 5 Lac Crores by 2024. 8. Revenue has grown from 138 Crores in Fy21 to 384 Crores in Fy22. This much high growth has come due to acquisition of ConfirmTkt and Abhibus. However, if you check revenue on standalone basis, they have clocked revenue of 260 Crores. 9. Despite showing excellent revenue growth, Ixigo is still in loss. The main reason for the loss is high Employees Cost, and Other Expenses (297 Crores) almost accounted for 77% of total revenue. 10. Other expenses are one of the highest contributors. Let us understand them.

1. Distribution Cost - The commission given to partners who are bringing business for the company. This cost was 61 Crores in Fy22.
2. Partner Support Cost - Cost to support Partner. It depends on volumes. This cost was 61 Crores in Fy22.
3.  Customer Refunds - Refunds to be given in case of cancellation. This has increased after August 2021, as “Free Cancellation Product” was launched by Ixigo. This cost was 61 Crores in Fy22.
4. Advertising and Sales Promotions - The amount spent on brand awareness. This cost was 57 Crores in Fy22.
5.  Payment Gateway Charges - When user book tickets from Ixigo Platform, they have an option to pay via online methods. These online payment methods are secured by third Party Payment Gateways like Razor Pay, Cash-Free etc. So, for every ticket booking, some charge will go these payment gateways. This cost was 21 Crores in FY22.

11. In FY22, they incurred a loss of 21 Crores after they made 8 Crores of Profit last year.   For more details about Ixigo Unlisted Shares, Please visit - IXIGO Unlisted shares