Le Travenues Technology (IXIGO) Q3 25/26 earnings summary

Executive summary

• Achieved all-time high revenue from operations of INR 3,175.64 million in Q3 FY26, up 31% year-over-year, with record GTV of INR 49,028.55 million, up 21% year-over-year.

• Profit after tax reached INR 239.51 million, up 54% year-over-year, reflecting strong execution, operating leverage, and robust segment performance.

• Leveraged AI-driven technology for customer experience, operational efficiency, and automation, with up to 90% of December calls handled by AI.

• Demonstrated resilience during major flight industry disruptions, proactively refunding customers and gaining market share.

• Maintained a diversified, multi-modal travel ecosystem with deep penetration in Tier II/III cities and high repeat transaction rates.

Financial highlights

• Q3 FY26 revenue from operations: INR 3,175.64 million, up 31% year-over-year; GTV: INR 49,028.55 million, up 21% year-over-year.

• Contribution margin: INR 1,152.76 million, up 12% year-over-year, at 36% margin.

• Adjusted EBITDA: INR 307.89 million, up 27% year-over-year.

• PAT: INR 239.51 million, up 54% year-over-year.

• Major capital raised through preferential allotment of INR 12,955.63 million for growth and working capital.

Outlook and guidance

• Focus remains on growth over margins in buses and hotels until product-market fit is achieved.

• Management expects continued sustainable growth and profitability, leveraging AI and a customer-first approach.

• No formal quarterly margin guidance; long-term margin improvement expected as segments mature.

• Capital deployment will target high-impact opportunities aligned with AI, travel tech, and strategic synergies.

• Company continues to monitor regulatory changes and their impact on employee benefits.