ixigo (Le Travenues Technology Limited) announced its Q1 FY27 financial results, highlighting an all-time high Profit After Tax (PAT) of ₹34.24 Cr, an increase of 81% year-on-year. The company also achieved record Gross Transaction Value (GTV) and revenue from operations, driven by strong performance in its bus and emerging hotel segments.
ixigo Delivers All-Time High PAT in Q1 FY27
Le Travenues Technology Limited, operating under the brand ixigo, has reported an all-time high Profit After Tax (PAT) of ₹34.24 Crore for the first quarter of fiscal year 2027 (Q1 FY27), marking a substantial 81% year-on-year increase. The company also achieved record Gross Transaction Value (GTV) and Revenue from Operations during the quarter ended June 30, 2026.
Key Financial Highlights
In Q1 FY27, ixigo’s GTV stood at ₹5,524.33 Crore, a 19% YoY growth. Revenue from Operations grew by 13% YoY to ₹356.75 Crore. The Contribution Margin saw a similar 13% YoY increase, reaching an all-time high of ₹144.94 Crore. Profit Before Tax (PBT) surged 68% YoY to ₹48.14 Crore.
Strong Performance Across Verticals
The company’s Bus business, operating as Abhibus, demonstrated robust growth with a 39% YoY increase in GTV and a 34% YoY increase in Revenue. Bus Contribution Margin soared by 28% YoY. Despite challenges in the international flights market, ixigo’s Flights vertical gained market share and became its largest business vertical by GTV, growing 27% YoY. The Trains business maintained its steady market share.
Hotels Segment Shows Promise
ixigo’s Hotels business emerged as its fastest-growing segment. The company recorded 0.5 Million ‘heads on beds’ during the quarter. Further strengthening its position, ixigo acquired a 54.66% majority stake in Brevistay, expanding its presence in the flexible and short-stay accommodation market. The direct hotel footprint grew to over 10,000 properties across 700 towns in India.
Management Commentary
Aloke Bajpai, Group CEO of ixigo, stated, “In Q1 FY27, despite the challenging macro environment, we continued taking market share and delivered resilient growth, crossing 5,524 Crores Quarterly GTV with an All-Time High Revenue and PAT. Our Bus business was the hero with 39% GTV growth YoY.” Saurabh Devendra Singh, Group CFO, added, “We continue to execute and remain optimistic about the long-term trajectory.”
Source: BSE
