Le Travenues Technology Limited (ixigo) reported robust growth for FY26, with Gross Transaction Value (GTV) rising 25% to ₹186,926.84 million and revenue from operations increasing 34% to ₹12,280.39 million. The company achieved a record-high Profit After Tax of ₹320.50 million in Q4 FY26. Growth was supported by the launch of ixigo NEXT, a new AI-native operating layer designed to transform travel planning and booking with personalized, autonomous traveler assistance.
FY26 Financial Performance
The company delivered impressive results for the full financial year ending March 31, 2026. Gross Transaction Value reached ₹186,926.84 million, reflecting a 25% year-on-year growth. Revenue from operations saw a significant jump of 34% to ₹12,280.39 million. Furthermore, Contribution Margin grew 18% to ₹4,743 million, and Adjusted EBITDA rose 28% to ₹1,209.47 million. Cashflow from operations was particularly strong at ₹1,957.32 million, marking a 60% increase compared to the previous year.
Fourth Quarter Highlights
For Q4 FY26 (January to March), the company reported a revenue of ₹3,080.50 million, an 8% growth. A standout achievement was the record Profit After Tax of ₹320.50 million, which represents a 91% increase over Q4 FY25. Profit Before Tax also performed well, up 41% compared to the same period last year.
Advancing with AI-Native Technology
The company unveiled ixigo NEXT, a core strategic evolution that moves beyond standard chatbots. This new operating layer integrates state-of-the-art LLMs, real-time supply intelligence, and proprietary traveler data to provide autonomous agentic workflows. These workflows handle complex tasks like web check-ins, automated fare tracking, and proactive trip monitoring, effectively shifting the company toward becoming an AI-native organization.
Strategic Outlook and Business Mix
While the Trains business saw slight year-on-year fluctuations due to structural changes and base effects from the previous year’s MahaKumbh, the company continues to maintain a dominant 62% market share among OTAs in the category. Leadership emphasized that the long-term focus remains on cross-selling across the broader ecosystem of Flights, Buses, and Hotels. Investment strategies continue to prioritize high-quality user cohorts, with performance marketing serving as a key lever for growth while maintaining disciplined contribution margin guardrails.
Source: BSE
