Results · Mobility & Logistics

Ixigo posts 81% profit rise despite travel headwinds

By Startup Enthusiast · 7 August 2026

What they do

Le Travenues operates Ixigo, a tech platform for booking flights, trains, buses, and hotels across India

The company reported Rs 34.24 crore net profit in Q1 FY27, marking an 81% year-on-year increase

Gross Transaction Value grew 19% to Rs 5,524 crore while the firm acquired a stake in Brevistay

Le Travenues Technology posted consolidated net profit of Rs 34.24 crore for Q1 FY27.
This represents an 81% year-on-year growth from Rs 18.94 crore in the same quarter last year.
Revenue from operations increased by 13% to reach Rs 356.75 crore during the period.
Gross Transaction Value (total value of transactions processed) rose 19% to Rs 5,524.33 crore.
Adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) fell 7% to Rs 29.24 crore.
The company completed acquisition of a 54.66% stake in flexible-stay platform Brevistay in early July.
Management cited aviation slowdown and train booking changes as uncooperative external environment factors.
Sequential profit rose approximately 7% from Rs 32.05 crore in the previous March quarter.

Profit growth outpaced revenue growth due to operational efficiencies or cost management strategies.
EBITDA decline reflects continued investment in newer areas like hotels and artificial intelligence.
Bus business became the largest vertical by contribution margin despite lower overall revenue than trains.
Aviation pressures included geopolitical tensions and airline capacity reductions affecting near-term growth outlook.

The company empowers Indian travellers to plan and book trips across rail, air, bus, and hotel segments.
It targets the 'next billion user' segment with AI and machine learning driven innovations on its platforms.
Train ticketing generated the largest operating revenue of Rs 141.04 crore in the reported quarter.
Flight ticketing contributed Rs 104.56 crore while bus business brought in Rs 102.55 crore.
Bus Gross Transaction Value surged 39% to Rs 947.43 crore with passenger segments up 33%.
Flight Gross Transaction Value grew 27% to Rs 2,341.84 crore with passenger segments up 4%.
Hotel business recorded 0.5 million 'heads on beds' with direct supply from over 10,000 hotels.
Products include booking services plus utility tools like PNR status, fare alerts, and delay predictions.
Features offer free cancellation, instant refunds, priority customer service, and personalized destination recommendations.

Management expects meaningful capacity improvement in aviation around the festive period.
The company continues investing in newer areas including hotels and artificial intelligence capabilities.