Le Travenues Technology Limited (ixigo) submitted its unaudited financial results (consolidated and standalone) for Q2 FY27 (quarter and half year ended September 30, 2026) to the National Stock Exchange of India Limited and BSE Limited in compliance with Regulation 30 of SEBI LODR Regulations.

Key Performance Highlights - Q2 FY27

Financial Metrics:

  • Gross Transaction Value (GTV) stood at ₹5,304.47 Cr, registering 22% YoY growth compared to ₹4,347.50 Cr in Q2 FY26
  • Revenue from Operations grew 13% YoY to ₹320.96 Cr from ₹284.23 Cr in Q2 FY26
  • Contribution Margin increased 14% YoY to ₹124.86 Cr from ₹109.58 Cr in Q2 FY26
  • Adjusted EBITDA (EBITDA plus ESOP Expenses less Other Income) stood at ₹23.58 Cr, down 17% YoY from ₹28.48 Cr in Q2 FY26
  • Profit before share of loss of an associate, exceptional items and tax stood at ₹33.53 Cr
  • Recorded all-time high Profit After Tax at ₹63.42 Cr

Segment Performance and Strategic Updates

Hotels Segment Breakout:

  • Hotels identified as separate operating segment starting Q2 FY27
  • Hotel GTV reached ₹111 Cr in Q2 FY27, up 39% quarter-on-quarter and 2.6x year-on-year
  • Hotel revenue rose more than six times to ₹8.1 Cr with gross take rate of over 12%
  • Contribution margin was ₹(1.2) Cr (-15% of revenue), improved from -55% of revenue a year ago
  • More than 86% of hotel bookings come from captive users
  • Company works directly with more than 12,000 hotels across about 1,100 towns
  • Includes Brevistay acquisition to accelerate direct hotel partnerships
  • Management estimates approximately ₹10 Cr of year-on-year cost increase relates to building and scaling Hotels

Trains Segment:

  • Train passenger segments grew 19% quarter-on-quarter to approximately 29Mn
  • Market share increased from approximately 63% last quarter to 64% this quarter
  • GTV, Revenue and Contribution Margin now include Zoop (food-on-train business)
  • Revenue increased 16% YoY to ₹149.1 Cr
  • Contribution Margin grew 29% to ₹47.2 Cr with margin percentage improving from 28.6% to 31.7%
  • Zoop together with Swiggy partnership serves food at over 290 railway stations
  • Launched ixigo Bharat Darshan packaged-tour offering with IRCTC's curated rail tour packages
  • Metro ticketing business continued strong growth

Buses Segment:

  • Bus passenger segments grew 28% year on year to 7.7 Mn
  • GTV grew 32% to ₹753 Cr
  • Revenue rose 24% to ₹81.0 Cr
  • Contribution margin rose 27% to ₹43.1 Cr (53.2% of revenue)
  • Launched "Women Zone" on AbhiBus for women traveling alone
  • Nearly 40% of AbhiBus bookings include a woman traveller

Flights Segment:

  • Flight segments fell about 10% quarter-on-quarter to 2.6 Mn
  • Segments still grew 8% year on year despite market challenges
  • Flight GTV grew 37%
  • Contribution margin improved from 39% to 43% of revenue sequentially
  • International flight GTV grew 59% year on year
  • Launched Smart Lock AI-powered fare tracking product
  • Became launch partner for Apple Pay in India
  • Started ixigo for business travel with corporate fares

Associate Company Transaction

  • Sold down stake in Freshbus from 25.66% to 8.27%, ending its associate status
  • Sale resulted in exceptional gain of ₹40.66 Cr this quarter
  • Freshbus no longer classified as associate company
  • Commercial relationship with Freshbus remains strong

Technology and AI Investments

  • Technology spend was ₹14.3 Cr this quarter, up 46% year on year
  • AI-handled queries more than doubled year on year to 43 lakh
  • TARA resolves 94% of chat queries without human help and handles 82% of customer calls end to end
  • Customer service costs did not scale with volume increase
  • Building ixigo NEXT voice-first agentic layer

One-offs and Exceptional Items

Q2 FY27:

  • One-time gain from sale of stake in Freshbus: ₹40.66 Crores
  • Share of loss from Freshbus and Sqaas (associate companies): ₹2.49 Crore

Q2 FY26:

  • One-time ESOP accounting charge: ₹26.93 Crore
  • Share of loss from Freshbus: ₹1.47 Crore