●       Q1 GTV of Rs.4644.7 Cr (+55% YoY)

●       Q1 EBITDA of Rs.32.5 Cr (+69% YoY), Adjusted EBITDA of Rs.31.4 Cr (+54% YoY)

Bengaluru, 16^th July 2025: Le Travenues Technology Limited (NSE: IXIGO, BSE: 544192), India’s leading OTA for the Next Billion Users, announces its financial results (standalone and consolidated) for the quarter ended June 30, 2025. The company kicked off FY26 with strong momentum, delivering rapid growth across key metrics and verticals. Revenue from operations rose by 73% YoY to Rs.314.5 Cr, while Gross Transaction Value (GTV) increased by 55% YoY. Profit before share of loss of an associate, exceptional items, and tax grew 76% YoY to Rs.28.7 Cr in Q1 FY26, reflecting continued operational strength and scalability.

Key Performance Highlights – Q1 FY26 

●     Gross Transaction Value (GTV) is at Rs.4644.7 Cr in Q1 FY26, growing by 55% YoY.

Flight & Bus GTV led the growth with 81% increase YoY while Train GTV grew 30% YoY for Q1 FY26 vs Q1 FY25.

●     Revenue From Operations grew by 73% YoY in Q1 FY26 to Rs.314.5 Cr from Rs.181.9 Cr in Q1 FY25.  

●     Contribution Margin (CM) increased by 48% YoY, reaching Rs.128.1 Cr in Q1 FY26.

●     EBITDA increased by 69% to Rs.32.5 Cr for Q1 FY26 as compared to the same period in the previous year. Adjusted EBITDA (EBITDA plus ESOP Expenses less Other Income) increased to Rs.31.4 Cr for Q1 FY26, an increase of 54% from Rs.20.3 Cr in Q1 FY25. 

●        Profit Before Tax, Share of Loss of Associates and Exceptional items is at Rs.28.7 Cr in Q1 FY26 as compared to Rs.16.3 Cr in Q1 FY25, recording an increase of 76% on a YoY basis.

Management Comments 

Rajnish Kumar, Group Co-CEO, ixigo and Aloke Bajpai, Group CEO, ixigo, stated: “We continue to see rapid growth and have hit new all-time highs. Our outstanding growth in categories such as buses and flights stems from our unique playbook that combines a customer-centric approach, ability to cross-sell and up-sell to our captive user-base, our tech-centric DNA, AI-driven efficiency, and enhanced brand awareness.” 

Saurabh Devendra Singh, Group CFO, ixigo, added: “Q1 FY26 is another strong quarter, with record revenue and profits across all our key verticals. The 54% increase in adjusted EBITDA and 76% growth in PBT (excluding exceptional items) demonstrate the strength of our operating model and disciplined execution. We remain committed to driving sustainable growth.”

Recent Highlights & Announcements 

–          Launched Visa Rejection Protection feature offering a full refund on airline & ixigo cancellation fees in case of visa rejection. To be eligible, travellers must cancel at least 24 hours before departure and submit valid proof of visa rejection. This feature is designed to offer greater peace of mind and reduce financial risk for international travellers.

–          ixigo credit: Introduced No-Cost EMIs and Book Now Pay Later options for our flight & trains business through strategic bank/NBFC partnerships.

–          ixigo has launched an upgraded version of its Price Lock feature, aimed at giving users more control and confidence while booking flights. The enhanced feature now covers fare hikes of up to ₹8,000, double the previous protection limit of ₹4,000, and allows travellers to lock fares for up to 14 days-a significant increase from the earlier 2-day window.

–          Crossed 10,000 daily meal deliveries with Zoop, with over 20 lakh meals served across 200+ stations since October 2024 – enhancing onboard train experience through seamless F&B integrations.

–          ixigo’s bus business, AbhiBus partnered with global travel platform CheckMyBus to expand the reach of its bus inventory to international travellers, further boosting visibility and cross-border bookings.

GenZ and Solo Women Travellers Power Growth in Train and Bus Segments

Bus and train segments continue to gain traction, particularly in the bus and train segments. In Q1 FY26, train bookings by Gen Z travellers (aged 18-30) on ixigo rose 45% YoY, with Mumbai, Delhi, Kolkata, Visakhapatnam, and Pune emerging as the fastest-growing markets. Bus bookings from this cohort saw even sharper growth, rising 56% YoY, led by Indore, Lucknow, and Nagpur.

Solo women travellers are also contributing significantly to this momentum. Train bookings by solo female travellers grew by 123% YoY, while 27% of solo bus bookings were made by women, highlighting a strong shift towards more empowered and independent travel choices.

ixigo Doubles Down on AI to Scale Smarter and Faster

ixigo is deepening its investment in agentic AI and automation to drive scalable, customer-first innovation. From product to marketing, AI is helping the company deliver greater efficiency, sharper personalisation and lean, profitable growth.

Key AI-led initiatives this quarter include:

●        Voice-led customer support: TARA Voice, our agentic AI assistant, now resolves over 60% of customer calls end-to-end for flights and hotels-reducing human load while improving response times and accuracy.

●        Smarter travel offerings: We’re enhancing AI-based personalisation, expanding bundled offerings like Travel Insurance and Visa Rejection Protection, and refining Price Lock to increase conversion and user trust.

●        AI in marketing: From ideation to execution, AI now powers our marketing workflows, speeding up campaign launches, boosting experimentation, and enhancing personalisation at scale. Our 18th Anniversary Sale and Q1 Flash Sales for flights and hotels were driven by AI-led videos and creatives, reducing production costs to just 0.1% of traditional budgets without compromising reach or impact.

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●     Q4 GTV of Rs. 4418.4 Cr (+65% YoY), Revenue from Operations Rs. 284.1 Cr (+72% YoY)

●     Record increase in Q4 Flight Revenue (+135% YoY) & Bus Revenue (+103% YoY)

●     Q4 EBITDA of Rs. 30.7 Cr (+64% YoY), Profit Before Tax (PBT*) of Rs. 27.2 Cr (+74% YoY)

●     Q4 Profit After Tax (PAT) of Rs. 16.8 Cr (+128% YoY)

Bengaluru, 15^th May 2025: Le Travenues Technology Limited (NSE: IXIGO, BSE: 544192), India’s leading OTA for the Next Billion Users, announces its financial results (standalone and consolidated) for the quarter ended March 31, 2025 and full year FY25. The company delivered its best-ever quarterly performance across all verticals, reporting acceleration of nearly all metrics, with a 72% year-on-year (YoY) increase in revenue from operations to Rs.284.1 Cr in Q4 FY25 and a 65% YoY increase in Gross Transaction Value (GTV). The company has also posted a record 128% YoY growth in Profit After Tax & a 74% growth in Profit before share of loss of an associate, exceptional items and tax at Rs 27.2 Cr in Q4 FY25.

Key Performance Highlights – Q4 FY25

●        Gross Transaction Value (GTV) crossed Rs.4418.4 Cr in Q4 FY25, growing by 65% YoY. Flight & Bus GTV each grew 92% YoY while Train GTV grew 41% YoY for Q4 FY25 vs Q4 FY24.

●        Revenue From Operations grew by 72% YoY in Q4 FY25 to Rs.284.1 Cr from Rs.164.9 Cr in Q4 FY24.

●        Contribution Margin (CM) increased by 69% YoY, reaching Rs.120.9 Cr in Q4 FY25.

●        EBITDA increased by 64% to Rs.30.7 Cr for Q4 FY25 as compared to the same period in the previous year. Adjusted EBITDA (EBITDA plus ESOP Expenses less Other Income) increased to Rs.29.1 Cr for Q4 FY25, an increase of 70% from Rs.17.1 Cr in Q4 FY24.

●        Profit Before Tax, Share of Loss of Associates and Exceptional items is at Rs.27.2 Cr in Q4 FY25 as compared to Rs.15.6 Cr in Q4 FY24, recording an increase of 74% on a YoY basis.

●        Profit After Tax is at Rs.16.8 Cr in Q4 FY25 compared to Rs.7.3 Cr in Q4 FY24, recording an increase of 128% on a YoY basis.

Management Comments:

Rajnish Kumar, Group Co-CEO, ixigo and Aloke Bajpai, Group CEO, stated: “This has been our strongest quarter yet, driven by consistent quarter-on-quarter acceleration across all lines of business. Our outstanding growth in categories such as flights and buses stems from a unique playbook that combines a customer-centric approach, ability to cross-sell and up-sell to a unique captive user-base, a tech-centric DNA, AI-driven efficiency and enhanced brand awareness — all while maintaining healthy margins. We’re also seeing operating leverage kick in as demonstrated in our robust cash flow from operations amounting to Rs. 122 crores in FY25.”

Saurabh Devendra Singh, Group CFO, ixigo, added: “We went public in FY25 and this has become a defining year for our trajectory. This fiscal we achieved ₹14972 crore in GTV, ₹914 crore in Operating Revenue, and delivered a 71% YoY increase in Adj. EBITDA proving that scale and financial discipline need not be mutually exclusive”

FY25 Snapshot: Breaking Records Across Usage, Engagement

From serving over 544 million travellers annually to processing refunds faster than a Bollywood movie climax, FY25 was a year of scale, speed, and firsts for ixigo. Here’s a snapshot of the milestones that defined our journey across travel categories and user touchpoints.

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H1 FY25 Cashflow from Operations at Rs.70.4 Cr (+262% YoY)

Bengaluru, 24 October 2024: Le Travenues Technology Limited (NSE: IXIGO, BSE: 544192), India’s leading OTA for the Next Billion Users, announces its financial results (standalone and consolidated) for the quarter ended September 30, 2024. The company has achieved strong growth in cashflow from operations with a 262% increase YoY, reaching Rs.70.4 Cr in H1 FY25 and a 326% growth YoY in Adjusted EBITDA at Rs 21.0 Cr in Q2 FY25.

ixigo has also announced its entry into the train food delivery business by acquiring a majority stake in Zoop, a leading train food delivery service and an authorized IRCTC e-catering partner. The Company has launched a new feature– ‘Food On Train’ on its train apps (ixigo trains & ConfirmTkt) in partnership with Zoop, enabling train travellers to pre-order quality meals from restaurants and have them delivered directly to their seats at stoppage stations along the journey.

Key Performance Highlights – Q2 FY25

• Gross Transaction Value (GTV) crossed Rs.3528.7 Cr in Q2 FY25, growing by 40% YoY. Train & Flight GTV expansion grew 36% YoY & 43% YoY respectively and Bus GTV expansion grew 46% YoY for Q2 FY25 vs Q2 FY24.
• Revenue From Operations grew by 26% YoY in Q2 FY25 to Rs.206.5 Cr from Rs.163.9 Cr in Q2 FY24.
• Contribution Margin (CM) increased by 24% YoY for Q2 FY25, reaching Rs.91.1 Cr. CM as a % of Revenue from Operations decreased from 45% in Q2 FY24 to 44% in Q2 FY25.
• EBITDA increased by 655% to Rs.22.4 Cr for Q2 FY25 as compared to the same period in the previous year. Adjusted EBITDA (EBITDA plus ESOP Expenses less Other Income) increased to Rs.21.0 Cr for Q2 FY25, an increase of 326% from Rs.4.9 Cr in Q2 FY24.
• Profit Before Tax and exceptional items is at Rs.17.5 Cr in Q2 FY 25 as compared to Rs.(3.4) Cr in Q2 FY 24 resulting in an improvement of Rs.21 Cr on a YoY basis.
• Profit After Tax is at Rs.13.1 Cr in Q2 FY25 as compared to Rs.26.7 Cr in Q2 FY24, impacted due to deferred tax cost of Rs.5.2 Cr in Q2 FY25 (Rs. -0.4 Cr in Q2 FY24), Share of loss of associate of Rs.1.9 Cr (Rs.0.8 Cr in Q2 FY24) and an exceptional income of Rs.29.7 Cr recognized last year in Q2 FY24.

Zoop Acquisition & New Feature Launches

–          ixigo has entered into a definitive agreement to acquire a 51% stake in Zoop Web Services Private Limited (“Zoop”), a leading train food delivery service, for a total consideration of Rs.12.54 crore including non-compete fee, subject to completion of certain conditions precedent through a combination of secondary and primary share purchases. Additionally, we have the option to purchase the remaining stake in the future subject to fulfillment of certain conditions.

–          Zoop is currently operating at 192 stations across India and partnered with around 400 select restaurants. This acquisition will enable ixigo to enhance its services for train travelers by combining Zoop’s food delivery expertise with ixigo’s distribution reach & live train information to provide a seamless onboard dining experience to millions of train passengers across the country.

–          Founded in 2016 by Puneet Sharma and Manoj Kumar, Zoop generated Rs.7.65 crores in revenue in FY24 and is profitable. The train food delivery total addressable market opportunity exceeds

$1 Billion, according to Zoop management estimates.

–          On the back of this acquisition, ixigo has launched a new “Food on Train” feature, enabling travellers to pre-order a wide selection of quality meals at 192 railway stations across India. Through this feature, users can browse & order high-quality meal options, enjoy direct delivery to their seats, track orders in real time, and enjoy free cancellation before the cut-off time.

–          Price Lock on Flights, Nearby Stations on Trains and Bus Insights on Buses are the other new features launched during the quarter.

Management Comments

Commenting on the results and the acquisition, Aloke Bajpai, Group CEO & Rajnish Kumar, Group Co-CEO, ixigo, stated: “Q2 FY25 has demonstrated our ability to maintain rapid growth despite capacity constraints and seasonality. On flights & buses we have maintained faster growth than the market and this quarter highlights what can be achieved through continuous product and conversion improvements, as well as our ability to target NBU demand and leverage synergies across our brands. The Zoop acquisition allows us to further enrich the experience for our train users. The tight integration of the delivery logistics with our large train user-base and the PNR status and crowdsourced train status data will help us deliver meals efficiently directly to the train berths of our users. This acquisition will open new opportunities for us to deepen our partnership with IRCTC, creating synergies to drive e-catering growth along with ticketing growth.”

Saurabh Devendra Singh, Group CFO, ixigo, added: “In Q2 FY25, we made more progress toward our long-term vision. GTV increased by 40%, and Revenue from Operations grew by 26%. We achieved an Adj. EBITDA of Rs.21 Cr, maintaining a double-digit margin of 10%”

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