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, and record GTV of INR 49,028.55 million, up 21% year-over-year, with robust profitability and user engagement.

• Leveraged AI-driven technology for customer experience, operational efficiency, and dynamic pricing, with 90% of calls handled by AI during disruptions and high customer satisfaction.

• Demonstrated resilience during major flight industry disruptions, proactively refunding customers and gaining market share, with an EBITDA impact of INR 20 million fully absorbed in Q3.

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

• Approved unaudited consolidated and standalone financial results for the quarter and nine months ended December 31, 2025.

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; EBITDA margin: 9.7%.

• Consolidated net profit for Q3 FY26: INR 239.51 million, up from INR 155.40 million in Q3 FY25.

• Annual revenue from operations for FY25: INR 9,142.46 million, a 39% increase from FY24.

Outlook and guidance

• Focus remains on growth over margins in buses and hotels until product-market fit is achieved; no formal quarterly margin guidance.

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

• Strategic investments in AI, travel tech, and talent to accelerate growth and innovation.

• Trading window for designated persons to reopen on January 25, 2026.