Le Travenues Technology Limited (ixigo) reported a 13% year-on-year revenue growth for the first quarter of FY27, reaching ₹356.75 crore. The company highlighted strong performance in its bus segment and strategic investments in AI and hotels, aiming for long-term value creation. Gross Transaction Value (GTV) increased by 19% to ₹5,524.33 crore.
ixigo Reports Strong Q1 FY27 Performance
Le Travenues Technology Limited, operating under the brand ixigo, announced its financial results for the first quarter of Fiscal Year 2027 (Q1 FY27), ending June 30, 2026. The company reported a healthy 13% year-on-year increase in revenue from operations, which stood at ₹356.75 crore.
Key Financial Highlights
Gross Transaction Value (GTV) for the quarter saw a significant jump of 19% year-on-year, reaching ₹5,524.33 crore. The contribution margin also grew by 13% to ₹144.94 crore, maintaining a strong percentage of 40.6%. Profit after tax for the quarter was ₹34.24 crore. Adjusted EBITDA, excluding other income and ESOP costs, was reported at ₹29.24 crore, a decrease of 7% compared to the previous year.
Segment Performance and Strategic Investments
The company highlighted robust growth in its bus segment, which is now its largest vertical by contribution margin. Despite a challenging external environment for flights, ixigo continued to gain market share. Strategic investments are being channeled into two key areas: AI and hotels, reflecting a long-term value creation strategy over short-term margin maximization. The company is focusing on building durable competitive advantages through proprietary context, domain-specific models, and superior customer experiences.
Product Innovations and Future Outlook
ixigo introduced several product innovations, including the AI-first operating system busGDS.ai and the enhanced customer-facing AI experience, ixigo NEXT, powered by its AI agent TARA. The company is committed to a disciplined growth strategy within defined guardrails, aiming to create value by focusing on product experience and customer acquisition through its existing user base, particularly in the nascent hotel category.
Source: BSE
