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Le Travenues Technology Results: Latest Quarterly Results & Analysis

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LE Travenues Technology Ltd. 21 May 2026 18:24 PM
Result PDF

Q4FY26 & FY26 Result Announced for LE Travenues Technology Ltd.

Travel Support Services company LE Travenues Technology announced Q4FY26 & FY26 results

Consolidated Financial Highlights:

  • Total Income: For Q4FY26, the total income was Rs 3,268.15 million, reflecting a QoQ decrease of 2.77% (from Rs 3,361.14 million in Q3FY26) and a YoY increase of 12.66% (from Rs 2,900.79 million in Q4FY25). For FY26, total income stood at Rs 12,753.46 million compared to Rs 9,322.66 million in FY25, representing a YoY increase of 36.80%.
  • Revenue from Operations: For Q4FY26, revenue stood at Rs 3,080.49 million, down 3.65% QoQ (from Rs 3,197.04 million in Q3FY26) but up 8.42% YoY (from Rs 2,841.37 million in Q4FY25). For FY26, revenue was Rs 12,280.39 million, marking a YoY increase of 34.32% from Rs 9,142.46 million in FY25.
  • Net Profit: For Q4FY26, net profit was Rs 320.50 million, showing a QoQ growth of 33.81% (from Rs 239.51 million in Q3FY26) and a YoY growth of 91.10% (from Rs 167.71 million in Q4FY25). For FY26, net profit reached Rs 714.81 million compared to Rs 602.52 million in FY25, an increase of 18.64%.

Standalone Financial Highlights:

  • Total Income: For Q4FY26, standalone total income was Rs 3,178.85 million, a decrease of 4.11% QoQ (from Rs 3,315.07 million in Q3FY26) but an increase of 10.61% YoY (from Rs 2,873.83 million in Q4FY25). For FY26, total income was Rs 12,546.66 million, up 35.11% YoY compared to Rs 9,286.04 million in FY25.
  • Revenue from Operations: For Q4FY26, standalone revenue was Rs 2,990.07 million, reflecting a QoQ decrease of 5.18% (from Rs 3,153.52 million in Q3FY26) and a YoY increase of 6.23% (from Rs 2,814.67 million in Q4FY25). For FY26, revenue from operations reached Rs 12,075.07 million, marking a YoY increase of 32.60% from Rs 9,106.20 million in FY25.
  • Net Profit: For Q4FY26, standalone net profit was Rs 374.24 million, representing a QoQ growth of 36.98% (from Rs 273.20 million in Q3FY26) and a YoY growth of 86.01% (from Rs 201.19 million in Q4FY25). For FY26, standalone net profit was Rs 962.11 million compared to Rs 634.50 million in FY25, an increase of 51.63%.

Business Highlights:

  • Segment Performance:
    • Flight: FY26 revenue reached Rs 3,906.78 million, up from Rs 2,533.93 million in FY25.
    • Train: FY26 revenue stood at Rs 5,112.57 million, up from Rs 4,569.02 million in FY25.
    • Bus: FY26 revenue was Rs 2,979.95 million, up from Rs 1,969.24 million in FY25.
    • Others: FY26 revenue reached Rs 281.09 million, up from Rs 70.27 million in FY25.
  • International Expansion & Acquisitions:
    • The Company incorporated a wholly-owned subsidiary, IXIGO PTE. LTD., in Singapore on December 18, 2025.
    • IXIGO PTE. LTD. entered into an agreement on February 13, 2026, to acquire a 60% stake in Online Travel Solutions, S.L. ("Trenes") for a cash consideration of USD 11.70 million. Trenes became a subsidiary of the group with effect from February 25, 2026.
  • Employee Stock Options: The Board approved the allotment of 485,584 fully paid-up equity shares (face value Rs 1/- each) following the exercise of stock options under various ESOP schemes (2012, 2013, 2016, 2020, 2021, and 2024). Consequently, the paid-up share capital increased to Rs 438,669,111/-.
  • Statutory Impact: The group recognized an incremental impact of Rs 27.96 million as an "Exceptional Item" in FY26 due to the notification of new Labour Codes, which resulted in an increase in gratuity and leave liabilities.
  • IPO Proceeds: The company utilized Rs 1,111.08 million of its net IPO proceeds by March 31, 2026, primarily for funding working capital requirements, cloud infrastructure, and funding inorganic growth.
  • Preferential Allotment: During FY26, the company completed a preferential issue of 4,62,70,092 equity shares at Rs 280 per share, aggregating to Rs 12,955.63 million. Of this, Rs 5,547.70 million was utilized by March 31, 2026, for organic and inorganic growth opportunities and working capital requirements.

Aloke Bajpai, Group CEO, ixigo & Rajnish Kumar, Group Co-CEO, said: “In FY26 we achieved 34% revenue growth and 28% Adj. EBITDA growth YoY. Q4 maintained our growth trajectory with market-share gains, despite the high base-effect of MahaKumbh last year and the current Middle-East crisis. The next phase of our journey is all about reinventing our org as well as customer experience, by putting AI at the core. ixigo NEXT is just a sneak peek of the agentic AI capabilities we’re working on.”

Saurabh Devendra Singh, Group CFO, ixigo, said: “FY26 demonstrated the advantage of having a diversified business supported by resilient growth engines. Even in Q4 FY26, despite a high base effect, we delivered a resilient performance. For me, the biggest highlight of the year was our operating discipline and cash conversion.“

Result PDF

Result PDF

Travel Support Services company LE Travenues Technology announced Q3FY26 results

  • Gross Transaction Value (GTV) is at Rs 4,902.9 crore in Q3FY26, growing by 21% YoY. Flight GTV grew 22% YoY, Bus GTV rose 36% YoY, while Train GTV grew 15% YoY for Q3FY26 vs Q3FY25.
  • Revenue From Operations grew by 31% YoY in Q3FY26 to Rs 317.6 crore from Rs 241.8 crore in Q3FY25. Flight Revenue grew 49% YoY in Q3 to Rs 102.4 crore, while Bus Revenue grew 47% YoY in Q3 to Rs 75.6 crore.
  • Contribution Margin (CM) increased by 12% YoY, reaching Rs 115.3 crore in Q3FY26.
  • Adjusted EBITDA (EBITDA plus ESOP Expenses less Other Income) increased to Rs 30.8 crore for Q3FY26, an increase of 27% from Rs 24.3 crore in Q3FY25.
  • Profit Before Tax, Share of Loss of Associates and Exceptional items is at Rs 38.1 crore in Q3FY26 from Rs 23.3 crore in Q3FY25.

Rajnish Kumar, Group Co-CEO, & Aloke Bajpai, Group CEO, ixigo, said: “Our Q3 performance demonstrates our continued ability to outpace the market’s growth with improving profitability. We are at a juncture in history where we will be judged not by our performance in any one quarter or any one year, but by how we were able to lead our industry’s AI transformation and demonstrate the results in customer delight with long-term growth and profitability.”

Saurabh Devendra Singh, Group CFO, ixigo, said: “I personally like quarters such as Q3FY26. Disruptions and challenging macro conditions allow us to differentiate and leverage the advantages of our customer-first philosophy as a diversified multimodal platform. Sustainable growth and profitability are derivatives of this playbook.“

Result PDF

Travel Support Services company LE Travenues Technology announced Q2FY26 results

  • Gross Transaction Value (GTV) crossed Rs 43,474.97 million in Q2FY26, growing by 23% YoY. Flight GTV grew 29% YoY, Bus GTV rose 51 % YoY while Train GTV grew 12% YoY for Q2FY26 vs Q2FY25.
  • Revenue From Operations grew by 37% YoY in Q2FY26 to Rs 2,827.41 million from Rs 2,064.70 million in Q2FY25.
  • Contribution Margin (CM) increased by 20% YoY, reaching Rs 1,095.84 million in Q2FY26.
  • Adjusted EBITDA (EBITDA plus ESOP Expenses less Other Income) increased to Rs 284.76 million for Q2FY26, an increase of 36% from Rs 209.96 million in Q2FY25.
  • Profit Before Tax, Share of Loss of Associates and Exceptional items is at Rs (24.88) million in Q2FY26 which includes a one-off ESOP expense of Rs 269.30 million.

Result PDF

Travel Support Services company LE Travenues Technology announced Q1FY26 results

  • Gross Transaction Value (GTV) is at Rs 4644.7 crore in Q1FY26, growing by 55% YoY. Flight & Bus GTV led the growth with 81% increase YoY while Train GTV grew 30% YoY for Q1FY26 vs Q1FY25.
  • Revenue From Operations grew by 73% YoY in Q1FY26 to Rs 314.5 crore from Rs 181.9 crore in Q1FY25.
  • Contribution Margin (CM) increased by 48% YoY, reaching Rs 128.1 crore in Q1FY26.
  • EBITDA increased by 69% to Rs 32.5 crore for Q1FY26 as compared to the same period in the previous year. Adjusted EBITDA (EBITDA plus ESOP Expenses less Other Income) increased to Rs 31.4 crore for Q1FY26, an increase of 54% from Rs 20.3 crore in Q1FY25.
  • Profit Before Tax, Share of Loss of Associates and Exceptional items is at Rs 28.7 crore in Q1FY26 as compared to Rs 16.3 crore in Q1FY25, recording an increase of 76% on a YoY basis.

Rajnish Kumar, Group Co-CEO, ixigo and Aloke Bajpai, Group CEO, ixigo, said: “We continue to see rapid growth and have hit new all-time highs. Our outstanding growth in categories such as buses and flights stems from our unique playbook that combines a customer-centric approach, ability to cross-sell and up-sell to our captive user-base, our tech-centric DNA, AI-driven efficiency, and enhanced brand awareness.”

Saurabh Devendra Singh, Group CFO, ixigo, said: “Q1FY26 is another strong quarter, with record revenue and profits across all our key verticals. The 54% increase in adjusted EBITDA and 76% growth in PBT (excluding exceptional items) demonstrate the strength of our operating model and disciplined execution. We remain committed to driving sustainable growth.”

Result PDF

Travel Support Services company LE Travenues Technology announced Q4FY25 & FY25 results

Q4FY25 Financial Highlights:

  • Gross Transaction Value (GTV) crossed Rs 44,183.76 million in Q4FY25, growing by 65% YoY. Flight & Bus GTV each grew 92% YoY and Train GTV grew 41% YoY for Q4FY25 vs Q4FY24.
  • Revenue From Operations grew by 72% YoY in Q4FY25 to Rs 2,841.37 million from Rs 1,648.52 million in Q4FY24.
  • Contribution Margin (CM) increased by 69% YoY, reaching Rs 1,208.86 million in Q4FY25.
  • EBITDA increased by 64% to Rs 307.09 million for Q4FY25 as compared to the same period in the previous year. Adjusted EBITDA (EBITDA plus ESOP Expenses less Other Income) increased to Rs 291.40 million for Q4FY25, an increase of 70% from Rs 171.32 million in Q4FY24.
  • Profit Before Tax, Share of Loss of Associates and Exceptional items is at Rs 271.89 million in Q4FY25 as compared to Rs 156.37 million in Q4FY24, recording an increase of 74% on a YoY basis.
  • Profit After Tax is at Rs 167.71 million in Q4FY25 compared to Rs 73.49 million in Q4FY24, recording an increase of 128% on a YoY basis.

FY25 Financial Highlights:

  • Revenue from Operations: Rs 6,45,020 million in FY25 vs. Rs 6,15,420 million in FY24 — up 5%
  • EBITDA: Rs 144,680 million in FY25 vs. Rs 1,27,010 million in FY24 — up 14%
  • PAT (Before Exceptional): Rs 51,970 million in FY25 vs. Rs 41,090 million in FY24 — up 26%
  • Reported PAT: Rs 47,750 million in FY25 vs. Rs 42,800 million in FY24 — up 12%

Rajnish Kumar, Group Co-CEO, ixigo and Aloke Bajpai, Group CEO, stated: “This has been our strongest quarter yet, driven by consistent quarter-on-quarter acceleration across all lines of business. Our outstanding growth in categories such as flights and buses stems from a unique playbook that combines a customer-centric approach, ability to cross-sell and up-sell to a unique captive user-base, a tech-centric DNA, AI-driven efficiency and enhanced brand awareness — all while maintaining healthy margins. We’re also seeing operating leverage kick in as demonstrated in our robust cash flow from operations amounting to Rs 122 crores in FY25.”

Saurabh Devendra Singh, Group CFO, ixigo, added: “We went public in FY25 and this has become a defining year for our trajectory. This fiscal we achieved Rs 14972 crore in GTV, Rs 914 crore in Operating Revenue, and delivered a 71% YoY increase in Adj. EBITDA proving that scale and financial discipline need not be mutually exclusive”

Result PDF

Travel Support Services company LE Travenues Technology announced Q3FY25 results

  • Gross Transaction Value (GTV) crossed Rs 4036.3 crore in Q3FY25, growing by 48% YoY. Train & Flight GTV grew 27% YoY & 73% YoY respectively and Bus GTV grew 63% YoY for Q3FY25 vs Q3FY24.
  • Revenue From Operations grew by 42% YoY in Q3FY25 to Rs 241.8 crore from Rs 170.5 crore in Q3FY24.
  • Contribution Margin (CM) increased by 32% YoY, reaching Rs 102.5 crore in Q3FY25.
  • EBITDA increased by 36% to Rs 26.6 crore for Q3FY25 as compared to Q3FY24. Adjusted EBITDA (EBITDA plus ESOP Expenses less Other Income) increased to Rs 24.3 crore for Q3FY25, an increase of 25% from Rs 19.5 crore in Q3FY24.
  • Profit Before Tax, Share of Loss of Associates and Exceptional items is at Rs 23.3 crore in Q3FY25 as compared to Rs 16.0 crore in Q3FY24, recording an increase of 46% on a YoY basis.
  • Profit After Tax is at Rs 15.5 crore in Q3FY25 compared to Rs 30.6. crore in Q3FY24, largely due to a deferred tax gain of Rs 16.8 crore in Q3FY24 as compared to a deferred tax expense of Rs 5.9 crore this year in Q3FY25.

Rajnish Kumar, Group Co-CEO, ixigo and Aloke Bajpai, Group CEO, stated: “Q3FY25 has been our best quarter ever! We hit new all-time high records for MAU, GTV, Revenue from Operations as well as EBITDA this quarter. For 9MFY25 vs 9MFY24 we have doubled our EBITDA from Rs 34 crore to Rs 68 crore while gaining market share in all our lines of business. With continued investments in new areas including hotels and AI-based agentic tools, we remain optimistic about our ability to grow faster than the overall OTA market in the mid-term.”

Saurabh Devendra Singh, Group CFO, ixigo, said: “Q3FY25 marks both a milestone and a stepping stone for our business. Our GTV growth remains robust at over 48%, and our ability to invest in this growth while maintaining a double-digit Adjusted EBITDA margin of 10% is a testament to our prudence.”

Result PDF

Travel Support Services company LE Travenues Technology announced Q2FY25 results

  • Gross Transaction Value (GTV) crossed Rs 35,287.40 million in Q2FY25, growing by 40% YoY. Train & Flight GTV expansion grew 36% YoY & 43% YoY respectively and Bus GTV expansion grew 46% YoY for Q2FY25 vs Q2FY24.
  • Revenue From Operations grew by 26% YoY in Q2FY25 to Rs 2,064.70 million from Rs 1,639.16 million in Q2FY24.
  • Contribution Margin (CM) increased by 24% YoY for Q2FY25, reaching Rs 910.82 million. CM as a % of Revenue from Operations decreased from 45% in Q2FY24 to 44% in Q2FY25.
  • EBITDA increased by 655% to Rs 224.07 million for Q2FY25 as compared to the same period in the previous year. Adjusted EBITDA (EBITDA plus ESOP Expenses less Other Income) increased to Rs 209.96 million for Q2FY25, an increase of 326% from Rs 49.23 million in Q2FY24.
  • Profit Before Tax and exceptional items is at Rs 175.15 million in Q2FY25 as compared to (Rs 34.48) million in Q2FY24 resulting in an improvement of Rs 209.63 million on YoY basis.
  • Profit After Tax is at Rs 130.85 million in Q2FY25 as compared to Rs 267.01 million in Q2FY24, impacted due to deferred tax cost of Rs 52.38 million in Q2FY25 (Rs -4.28 million in Q2FY24), Share of loss of associate of Rs 19.32 million (Rs 7.53 million in Q2FY24) and exceptional income of Rs 297.21 million recognised last year in Q2FY24.

Result PDF

Travel Support Services company LE Travenues Technology announced Q1FY25 results:

Financial Highlights: 

  • Gross Transaction Value (GTV) crossed Rs 2,988 crore in Q1FY25, growing by 27% YoY. Train & Flight GTV expansion of 28% YoY and Bus GTV expansion of 16% YoY for Q1FY25 vs Q1FY24.
  • Revenue From Operations grew by 16% YoY in Q1FY25 to Rs 181.9 crore from Rs 156.6 crore in Q1FY24.
  • Contribution Margin (CM) increased by 22% YoY for Q1FY25, reaching Rs 86.8 crore. CM as a % of Revenue from Operations increased from 45% in Q1FY24 to 48% in Q1FY25.
  • EBITDA increased by 62% to Rs 19.2 crore for Q1FY25 as compared to the same period in the previous year. Adjusted EBITDA (EBITDA plus ESOP Expenses less Other Income) increased to Rs 20.3 crore. for Q1FY25, an increase of 48% from Rs 13.7 crore in Q1FY24.
  • Profit After Tax grew by 78% YoY in Q1FY25 to Rs 14.9 crore, compared to Rs 8.4 crore in Q1FY24.

Commenting on the results, Aloke Bajpai, Group CEO & Rajnish Kumar, Group Co-CEO, ixigo, stated: “We are pleased to report continued momentum in our growth in Q1FY25, with an all-time high GTV, Revenue from Operations, Contribution Margin & Adjusted EBITDA for the quarter. We continue to expand rapidly and improve our market share and at the same time have been able to improve our profitability. We believe the government initiatives on infrastructure, capacity creation and spiritual tourism are set to benefit our sector.”

Saurabh Devendra Singh, Group CFO, ixigo, added: “Our financial results for Q1FY25 are a testament to our disciplined approach of balancing growth and profitability. We remain committed to growing responsibly and balancing profitability with growth given we will continue investing into initiatives that help us in the long term.”

Result PDF

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