India, Jan. 28 -- Online travel aggregator (OTA) company ixigo's consolidated net profit slumped 49% to INR 15.54 Cr in the third quarter of the financial year 2024-25 (Q3 FY25) from INR 30.65 Cr in the year-ago quarter, largely due to tax expense.

However, on a quarter-on-quarter basis, net profit jumped 19% from INR 13.09 Cr.

The substantial dip in the profit on a year-on-year (YoY) basis came as a result of difference in deferred tax charges. The company had a deferred tax expense of INR 5.90 Cr during the quarter under review as against a deferred tax credit of INR 16.80 Cr in the year-ago quarter.

Meanwhile, ixigo's adjusted EBITDA for the quarter grew 25% YoY to INR 24.3 Cr in the quarter ended December 31, 2024. Besides, EBITDA ...