Le Travenues Technology Ltd [NSE: IXIGO], the company behind travel-tech platform Ixigo, has kicked off FY26 with a strong first-quarter performance. Backed by a steady rebound in travel activity and increased digital adoption, the firm saw healthy growth across all key financial metrics.
In its earnings report for the quarter ending 30 June 2025, the company announced that net profit climbed to ₹18.9 crore, marking a 28% year-on-year growth from ₹14.8 crore in the same period last year.
Revenue Soars Amid Surge in Bookings
The company’s operating revenue increased by 74.2%, reaching ₹314.4 crore, up from ₹181.8 crore in Q1 FY25. This growth was largely fuelled by rising bookings across trains, buses, and flights, which are key offerings under the Ixigo platform.
At the operational level, EBITDA rose to ₹25.5 crore, a 53.1% increase from ₹16.6 crore in the previous year’s first quarter. The EBITDA margin for the quarter stood at 8.10%, slightly down from 9.15%, reflecting increased investments in growth-focused initiatives.
Gross Transaction Value Rises by 55%
One of the standout figures in the Q1 FY26 results was the Gross Transaction Value (GTV), which rose 55% year-on-year to ₹4,644.7 crore. This surge was driven by strong demand in the flight and bus booking segments, which recorded an 81% YoY rise, while the train segment saw 30% growth.
This growth highlights the rising preference for digital-first, multi-modal travel solutions — a space where Le Travenues Technology Ltd continues to build dominance.
Key Profitability Metrics Reflect Healthy Growth
The company also reported a 48% year-on-year rise in Contribution Margin, which grew to ₹128.1 crore. The company’s Adjusted EBITDA, after accounting for ESOP costs and excluding non-operating income, rose 54% year-on-year to ₹31.4 crore, compared to ₹20.3 crore in Q1 FY25.
Profit before tax and exceptional items grew to ₹28.7 crore, representing a 76% jump from the ₹16.3 crore reported in the same quarter last year — an indication of stronger operating leverage and tighter cost control.
Market Reaction and Strategic Outlook
The company announced its Q1 earnings after trading hours on 16 July 2025. On the same day, shares of Le Travenues Technology Ltd closed at ₹179.80, up ₹3.39 or 1.92% on the BSE, suggesting a positive investor response.
Looking forward, the company plans to continue investing in technology, expanding its footprint in non-metro cities, and refining the user experience across its platforms, including Ixigo. With travel volumes climbing and digital tools simplifying bookings, the company is in a strong position to scale sustainably.
Conclusion
Le Travenues Technology Ltd’s performance in Q1 FY26 underscores its resilient business model and growing relevance in India’s digital travel landscape. With revenue and profitability on the rise, and GTV nearing ₹4,645 crore, the company is clearly benefitting from post-pandemic travel recovery and its deep focus on multi-modal travel integration.
With travel in India becoming more digital and inclusive, Le Travenues Technology Ltd (Ixigo) is well-positioned to play a pivotal role in redefining how the country moves.
