Le Travenues Technology (IXIGO) Q1 25/26 earnings summary

Executive summary

• Q1 FY26 delivered record revenue and profit, surpassing expectations with strong growth across flights, trains, and buses, driven by AI-led efficiency, customer-centric innovation, and deep market penetration, especially in Tier II/III cities.

• Board approved unaudited consolidated and standalone financial results for the quarter ended June 30, 2025, with continued revenue and profit growth year-over-year and sequentially.

• AI and technology integration enhanced customer experience, operational efficiency, and monetization, with over 60% of voice interactions handled autonomously.

• Allotment of equity shares following ESOP exercises increased paid-up share capital, supporting talent retention and growth.

• Acquisition of an additional 11% equity stake in Zoop Web Services Private Limited expanded presence in train food delivery.

Financial highlights

• Q1 FY26 revenue from operations rose 73% year-over-year to INR 3,144.72 million; GTV up 55% to INR 46,446.58 million.

• Adjusted EBITDA increased 54% to INR 313.53 million; profit after tax was INR 189.43 million, up from INR 148.56 million.

• EBITDA margin remained strong at 10.11% in Q1 FY26.

• Net cash from operating activities for FY25 was INR 1,222.11 million, with total cash balance (including investments) at INR 3,373.45 million.

• Basic EPS (consolidated) for Q1 FY26 was INR 0.49, up from INR 0.39 in Q1 FY25.

Outlook and guidance

• Management expects to continue outpacing market growth in hotels, buses, and flights, with trains in line with online market expansion.

• Ongoing investments in AI, new business lines (hotels, food delivery), and brand building are prioritized over short-term margin maximization.

• Unutilized IPO proceeds of INR 410.39 million as of June 30, 2025, remain invested in fixed deposits and public offer accounts, supporting future growth initiatives.