Le Travenues Technology Limited (ixigo) announced its unaudited financial results for the first quarter of Fiscal Year 2027 (Q1 FY27), ending June 30, 2026. Revenue from operations saw a 13% year-on-year growth, reaching ₹356.75 crore. The company highlighted strategic investments in new verticals like Hotels and AI platforms, impacting short-term EBITDA but positioning for long-term growth.
ixigo Reports Strong Q1 FY27 Performance
Le Travenues Technology Limited (ixigo) has released its financial results for the quarter ended June 30, 2026. The company reported a Gross Transaction Value (GTV) of ₹5,524.33 crore, marking a 19% year-on-year growth. Revenue from operations increased by 13% year-on-year to ₹356.75 crore. The Contribution Margin also grew by 13% year-on-year to ₹144.94 crore.
Strategic Investments Drive Growth
In Q1 FY27, ixigo’s Adjusted EBITDA stood at ₹29.24 crore, a decrease of 7% year-on-year, attributed to strategic investments in the Hotels business and the development of its AI-native platform, ixigo NEXT. Profit Before Tax was ₹48.14 crore, up from ₹28.66 crore in the prior year. Profit After Tax reached an all-time high of ₹34.24 crore, an 81% increase year-on-year.
Key Business Segment Updates
The company continues to focus on expanding its presence in various travel verticals. The Bus business showed strong growth, driven by product innovation and expanded distribution. While the Trains business faced category-wide volume pressures, ixigo maintained its market share and focused on preserving margins. The Hotels business is experiencing significant investment, with plans to scale rapidly following the acquisition of a 54.66% stake in Brevistay.
AI and Future Outlook
ixigo is heavily investing in Artificial Intelligence, particularly with its ixigo NEXT platform, aiming to enhance customer experience and operational efficiency. The company is exploring AI-driven solutions for dynamic pricing, route planning, and customer support. Looking ahead, ixigo remains focused on sustained growth across its platforms, aiming to solidify its position as a leading travel technology company in India.
Source: BSE
