Le Travenues Technology Limited, parent company of ixigo has announced its standalone and consolidated financial results for the quarter ended June 30, 2026
Despite a volatile operating environment, ixigo delivered another resilient quarter, underpinned by the strength of its diversified multimodal business. The company reported Gross Transaction Value (GTV) of Rs. 5,524.33 Cr, up 19% YoY, while Revenue from Operations grew 13% YoY to Rs. 356.75 Cr Contribution Margin increased 13% YoY to Rs. 144.94 Cr Profit Before Tax (PBT*) surged 68% YoY, while Profit After Tax (PAT) rose 81% YoY to an all-time high of Rs. 34.24 Cr.
The Bus business, Abhibus, delivered the highest growth (+39% YoY GTV, +34% YoY Revenue) and Bus Contribution Margin soared 28% YoY. Despite a volatile international flights market due to the Iran conflict, as well as higher domestic fares, Flights gained market share and became ixigo’s largest vertical by Gross Transaction Value (GTV), growing 27% YoY. Trains continued to hold steady with market share gains (63% share of OTA market) and contribution margin improvements, despite volume pressures due to policy changes last year.
Higher airfares and limited availability of confirmed train tickets continue to boost demand for intercity bus travel. ixigo’s Bus business significantly outpaced the broader market through continued investments in customer experience, including its industry-first Roadside Assistance feature, offering cab support within an hour for bus breakdowns, as well as deeper supply expansion. The momentum extended well beyond metro markets, with 17 states recording over 60% YoY growth, spanning established markets such as Delhi, Odisha, Uttarakhand, West Bengal and Himachal Pradesh, as well as emerging markets across North-East India. The launch of BusBiz and BUSGDS.AI are going to create new distribution channels and deepen our relationship with operators.
Hotels: ixigo’s Next Growth Engine
- Hotels emerged as ixigo’s fastest-growing line of business by GTV in Q1 FY27
- Recorded 0.5 Million Heads on Beds during the quarter
- ixigo strengthened it’s hotels business through the acquisition of a 54.66% majority stake in Brevistay, India’s largest flexible-stay hotel network, expanding its presence in the flexible and short-stay accommodation segment
- Direct hotel footprint expanded to 10,000+ properties across 700 towns in India, powered by its AI-first hotel extranet, HELLO
- Overall hotel supply crossed 70,00 properties across India and 1 million properties worldwide
Key Performance Highlights – Q1 FY27
- Gross Transaction Value (GTV) stood at Rs. 5,524.33 Cr in Q1 FY27, registering a 19% YoY growth compared to Q1 FY 26
- Revenue from Operations grew by 13% YoY to Rs. 356.75 Cr in Q1 FY27 from Rs. 316.05 Cr in Q1 FY 26
- Contribution Margin (CM) increased 13% YoY to an all-time high of Rs. 144.94 Cr in Q1 FY27
- EBITDA increased by 65% YoY at Rs. 53.52 Cr for Q1 FY27 as compared to the same period in the previous year. Adjusted EBITDA (EBITDA plus ESOP Expenses less Other Income) stood at Rs. 29.24 Cr in Q1 FY27.
- Profit Before Tax, Share of Loss of Associates and Exceptional items is at Rs. 48.14 Cr in Q1 FY27, up from Rs. 28.66 Cr in Q1 FY 26.
- Q1 FY27 also recorded an all-time high Profit After Tax at Rs. 34.24 Cr compared to Rs. 18.94 Cr in Q1 FY26, reflecting an 81% YoY increase.
Aloke Bajpai, Group CEO, ixigo and Rajnish Kumar, Group Co-CEO, 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. This was also the quarter when ixigo’s Hotels business shifted gears through the Brevistay acquisition, crossing critical mass of direct supply and room nights. We are closer to product-market fit on hotels than ever before, and we are investing for growth and customer experience.”
Saurabh Devendra Singh, Group CFO, ixigo, added, “Q1 FY 27 had much progress and some challenges. We continue to execute and remain optimistic about the long-term trajectory. Until the Iran conflict is not fully resolved, we expect some volatility. We are using uncertain times to strengthen our core, build market share and invest in hotels and our AI-native future.”
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