Le Travenues Technology (ixigo) reported a 31% year-over-year increase in revenue, reaching INR317.6 crores in Q3 FY26. Despite significant flight disruptions in December, the company’s flight business grew faster than the market, with international flights GTV up over 50% year-over-year. Profit after tax rose 54% to INR24 crores, highlighting the resilience of ixigo’s platform and its customer-first approach.
Financial Performance Highlights
ixigo reported an all-time high revenue from operations of INR317.6 crores, a 31% increase year-on-year. The Gross Transaction Value (GTV) reached an all-time high of INR4,902.9 crores, up 21% year-on-year. Profit after tax (PAT) stood at INR24 crores, a 54% year-on-year increase. These results reflect strong execution and continued operating leverage.
Impact of Flight Disruptions
Despite operational disruptions in December, ixigo’s flights business grew faster than the overall market. The company reported that flights GTV grew by 22% and flight revenue grew by 49% year-on-year. The company also saw a surge in customer reach-outs and usage of flight tracking products during this period.
International Flights Growth
International flights GTV grew over 50% year-on-year in Q3 and now accounts for over 20% of the overall flights GTV. This growth is driven by increasing demand from Tier 2 and 3 cities due to improved connectivity to Southeast Asia and the Middle East.
Bus Segment Performance
The bus segment continues to be a strong growth engine for ixigo. GTV in the last 12 months scaled to over INR2,400 crores, representing nearly 6x growth, and continues to compound at 40% to 50% year-on-year.
AI-Driven Customer Experience
During the December disruptions, ixigo handled a significant increase in customer support requests with the help of its AI-driven customer experience stack. The company’s AI agent, TARA, played a central role in assisting customers with refunds and alternate travel options. Al handled a whopping 90% of all calls in December, exceeding 150,000 calls handled end-to-end by AI.
Strategic Investments and Outlook
ixigo is focused on exploring inorganic growth opportunities in Al and travel tech. Approximately 25% of the preferential issue proceeds are earmarked for inorganic growth opportunities, and another 25% for organic growth initiatives. The company constituted an Investment Committee with the expertise of board members to evaluate investment and acquisition opportunities aligning with ixigo’s long-term vision.
Source: BSE
