Le Travenues Technology Limited (ixigo) announced its unaudited financial results (consolidated and standalone) for the quarter ended June 30, 2026 (Q1 FY27) in compliance with SEBI Listing Regulations.

Financial Performance Highlights (Q1 FY27 vs Q1 FY26):

  • Gross Transaction Value (GTV): ₹5,524.33 Cr, up 19% YoY (from ₹4,644.66 Cr)
  • Revenue from Operations: ₹356.75 Cr, up 13% YoY (from ₹316.05 Cr)
  • Contribution Margin: ₹144.94 Cr, up 13% YoY (from ₹128.09 Cr)
  • Adjusted EBITDA: ₹29.24 Cr (compared to ₹31.34 Cr in Q1 FY26, representing a -7% change)
  • *Profit Before Tax (PBT)**: ₹48.14 Cr, up 68% YoY (from ₹28.66 Cr)
  • Profit After Tax (PAT): ₹34.24 Cr, up 81% YoY to all-time high (from ₹18.94 Cr)
  • EBITDA: ₹53.52 Cr, up 65% YoY

*PBT refers to Profit Before Tax, Share of Loss of Associates and Exceptional items

Business Vertical Performance:

  • Flights: Grew 27% YoY, gained market share and became ixigo's largest vertical by GTV. Faced volatility due to Iran conflict and higher domestic fares.
  • Bus Business (Abhibus): Delivered highest growth with 39% YoY GTV increase, 34% YoY Revenue growth, and 28% YoY Contribution Margin growth. Outpaced broader market with 17 states recording over 60% YoY growth.
  • Trains: Maintained 63% share of OTA market with contribution margin improvements, despite volume pressures from policy changes.
  • Hotels: Emerged as fastest-growing line of business by GTV. Recorded 0.5 million 'heads on beds' during the quarter.

Strategic Developments:

  • Acquired 54.66% majority stake in Brevistay, India's largest flexible-stay hotel network
  • Expanded direct hotel footprint to 10,000+ properties across 700 towns in India
  • Overall hotel supply crossed 70,000 properties across India and 1 million properties worldwide
  • Launched industry-first Roadside Assistance feature for bus breakdowns
  • Introduced BusBiz and BUSGDS.AI for new distribution channels

Management Commentary:

Aloke Bajpai, Group CEO, and Rajnish Kumar, Group Co-CEO stated that despite challenging macro environment, the company continued taking market share and delivered resilient growth. They highlighted the Bus business as the hero with 39% GTV growth and noted that the Hotels business shifted gears through the Brevistay acquisition.

Saurabh Devendra Singh, Group CFO added that Q1 FY27 had progress and challenges, expecting some volatility until the Iran conflict is resolved. The company is strengthening its core, building market share, and investing in hotels and AI-native future.

Company Overview:

ixigo is India's leading AI-based travel platform with over 57 crore Annual Active Users in Fiscal 2026. The company assists travelers in planning, booking and managing trips across rail, air, buses and hotels using proprietary algorithms and crowd-sourced information.