ixigo shares seen a grew on Friday, with prices climbing 7.7% to INR 176.55 during intraday trading on the BSE.

This significant rise reflects investor confidence following the company's impressive FY24 earnings report. On Thursday, ixigo announced that its net profit had more than tripled year-on-year, reaching INR 73.1 crore.

Additionally, the company's operating revenue saw a substantial increase of almost 31%, amounting to INR 655.9 crore.

This positive financial performance has led ixigo shares to trade nearly 30% higher than their listing price on the BSE.

Strong Financial Performance

The financial results for FY24 have demonstrated ixigo's robust performance in the online travel agency (OTA) sector.

The impressive net profit of INR 73.1 crore marks a significant improvement from the previous year, showcasing the company's ability to generate substantial profits.

This growth  further evidenced by the 31% rise in operating revenue, which reached INR 655.9 crore.

These figures indicate a strong demand for ixigo's services and a successful business strategy.

Market Reaction

Following the release of the FY24 earnings report, the market responded positively, with ixigo shares jumping 7.7% to INR 176.55.

This intraday trading increase reflects investor confidence in the company's financial health and future prospects.

The rise in share prices also indicates that ixigo's performance is being recognized and appreciated by market participants.

Share Price Performance

Currently, ixigo shares are trading almost 30% higher than their listing price on the BSE.

This upward trend highlights the company's consistent growth and its ability to attract investors.

The increase in share prices can be attributed to the strong financial performance and the positive market sentiment surrounding ixigo's future potential.

Final Words

In conclusion, ixigo strong FY24 earnings report has significantly boosted investor confidence, resulting in a 7.7% grew in shares prices during intraday trading.

The impressive net profit growth and substantial rise in operating revenue reflect the company's successful business strategy.

With shares trading almost 30% higher than their listing price, ixigo well-positioned for continued growth and success in the online travel agency sector.

By focusing on its robust financial performance and positive market reaction, ixigo has demonstrated its ability to thrive in a competitive market.

Investors can remain optimistic about the company's future prospects, as it continues to build on its success and deliver strong results.