Le Travenues Technology (IXIGO) Q3 24/25 earnings summary

Executive summary

• Achieved record Q3 FY25 with GTV of INR 40,363.21 million (up 48% YoY) and revenue from operations of INR 2,417.61 million (up 42% YoY), led by strong growth in train, flight, and bus segments.

• Maintained leadership in user base, with MAUs reaching 86 million and record passenger segments booked; market share gains across all business lines.

• Achieved highest-ever EBITDA and profit before tax in Q3; nine-month YTD EBITDA nearly doubled to INR 656.32 million, maintaining double-digit EBITDA margin.

• Growth supported by investments in technology, AI-based tools, and expansion into hotels and value-added services.

• Launched new initiatives including Travel Guarantee, AI-driven tools, and food delivery integration.

Financial highlights

• GTV rose 48% YoY to INR 40,363.21 million; revenue from operations up 42% YoY to INR 2,417.61 million; contribution margin up 32% to INR 1,025.48 million.

• Adjusted EBITDA for Q3 FY25 increased 25% YoY to INR 243.37 million; nine-month adjusted EBITDA reached INR 656.32 million.

• Profit before tax (excluding associates and exceptional items) was INR 233.13 million, up 46% YoY; net profit at INR 155.40 million.

• Average transaction value per segment increased 15% YoY to INR 1,282.

• Earnings per share (basic) for Q3 FY25 was INR 0.40.

Outlook and guidance

• Management expects continued strong momentum in Q4, driven by Mahakumbh, festivities, and ongoing investments in technology and AI.

• Focus on deepening market penetration, expanding value-added services, and B2B/corporate avenues.

• No slowdown in travel demand, with growth led by Tier 2/3/4 towns and Gen-Z consumers.