Le Travenues Technology Limited (ixigo) has announced its financial results for the first quarter of Fiscal Year 2027 (Q1 FY27). The company reported a 13% increase in Revenue from Operations to INR 356.75 crore and a 19% surge in Gross Transaction Value (GTV) to INR 5,524.33 crore compared to the previous year. These figures reflect strong business growth and expanding market share across its verticals.
ixigo Reports Strong Q1 FY27 Performance
Le Travenues Technology Limited, operating under the brand ixigo, has reported robust financial results for the quarter ended June 30, 2026 (Q1 FY27). The company’s Revenue from Operations saw a significant increase of 13%, reaching INR 356.75 crore, up from INR 316.05 crore in Q1 FY26. This growth highlights the company’s expanding business operations and market presence.
Gross Transaction Value Surges Amidst Growth
The Gross Transaction Value (GTV) for ixigo experienced a substantial rise of 19% year-on-year, amounting to INR 5,524.33 crore in Q1 FY27, compared to INR 4,644.66 crore in the corresponding period of the previous year. This expansion in GTV underscores the increasing volume of travel and related services booked through ixigo’s platforms.
Key Financial Indicators and Growth Trajectory
The company also presented key performance indicators demonstrating a positive trend. EBITDA for Q1 FY27 stood at INR 53.52 crore, a notable increase from INR 32.48 crore in Q1 FY26. Adjusted EBITDA also saw a positive trend, reaching INR 29.24 crore. Contribution Margin for the quarter was INR 144.94 crore.
ixigo’s management commentary highlights resilience and continued market share gains in a challenging macro environment. The company emphasized its investment in AI, growth in its bus and hotels businesses, and a strategic focus on expanding its ecosystem and monetization strategies.
Strategic Focus on AI and Business Expansion
The presentation also detailed ixigo’s ‘3-Pronged AI Strategy’ focusing on Disruption, Revenue, and Efficiency. The company continues to invest in AI-native products, dynamic pricing, and agentic AI to enhance user experience and operational efficiency. Strategic investments in the hotel business, including the acquisition of a majority stake in Brevistay, are positioned as key growth drivers.
The company’s market leadership is further evidenced by its position as India’s largest travel platform with significant MAUs and a strong repeat transaction rate. ixigo’s highest-rated travel apps also contribute to its strong brand recall and customer loyalty.
Financial Summary Highlights
A summary of the Consolidated Statement of Profit & Loss shows Revenue from Operations of INR 356.75 crore for Q1 FY27. Total Income stood at INR 385.90 crore. Total Expenses were INR 337.76 crore, leading to a Profit Before Tax of INR 44.16 crore. Profit for the period/year was INR 34.24 crore.
The Segment Wise Operating and Financial Snapshot indicates strong performance across Flight, Train, and Bus segments. Flight Segment Results (Contribution Margin) were INR 41.04 crore, Train Segment Results were INR 52.74 crore, and Bus Segment Results were INR 54.22 crore.
Source: BSE
