Le Travenues Technology (IXIGO) Q4 25/26 earnings summary

Executive summary

• Achieved 34% year-over-year revenue growth and 28% adjusted EBITDA growth in FY26, with gross transaction value surpassing INR 186,926.84 million and resilient Q4 performance despite macroeconomic and geopolitical headwinds.

• Record PAT of INR 714.81 million for FY26, with continued market share gains and strong cash conversion.

• Diversified business model, disciplined operating approach, and customer-centric strategy drove resilience and growth.

• AI-driven transformation underway, with ixigo NEXT and agentic AI capabilities at the core of future strategy.

• Audited consolidated and standalone financial results for FY26 were approved with an unmodified audit opinion.

Financial highlights

• FY26 revenue from operations reached INR 12,280.39 million, up 34% year-over-year; adjusted EBITDA grew 28% to INR 1,209.47 million; GTV was INR 186,926.84 million, up 25% year-over-year.

• FY26 contribution margin increased 18% to INR 4,743.00 million; profit before tax rose 19% to INR 1,025.58 million; PAT was INR 714.81 million, up from INR 602.52 million in FY25.

• Q4 FY26 revenue from operations was INR 3,080.50 million, up 8% year-over-year; adjusted EBITDA for the quarter was INR 303.29 million.

• Operating cash flow for FY26 was INR 1,957.32 million, up 60% year-over-year; cash and cash equivalents at year-end stood at INR 3,444.93 million (consolidated).

• Preferential issue of 46.27 million shares at INR 280 per share raised INR 12,955.63 million for growth and technology investments.

Outlook and guidance

• Focus on deepening AI integration, enhancing customer experience, and expanding value-added services.

• Continued investments in technology, brand building, and new product offerings to drive growth.

• Unutilized IPO and preferential issue proceeds are earmarked for growth, working capital, and technology investments.

• Management continues to monitor regulatory changes and their financial impact.

• Domestic demand remains strong, while international travel faces headwinds from Middle East tensions and higher fares.