Travel technology company ixigo, operated by listed entity Le Travenues Technology, reported an 81% year-on-year rise in consolidated profit after tax to an all-time high of Rs 34.24 crore for the first quarter of fiscal 2027, alongside record quarterly gross transaction value of Rs 5,524.33 crore, up 19% from the year-earlier period. Revenue from operations grew 13% year-on-year to Rs 356.75 crore, with the company crediting continued market share gains despite what group chief executives Aloke Bajpai and Rajnish Kumar described as a challenging macroeconomic environment for travel.
Train ticketing remained ixigo's single largest revenue contributor, generating Rs 141.05 crore — more than 39% of total operating revenue — up from Rs 129.92 crore a year earlier, while flight and bus ticketing contributed Rs 104.56 crore and Rs 102.55 crore respectively. The bus vertical, operated under the Abhibus brand, was the standout performer of the quarter, growing gross transaction value 39% year-on-year and revenue 34%, a performance the company attributed to government-backed infrastructure development, capacity additions across the industry, and ixigo's own sustained investment in customer experience and supply-side depth. Flights, meanwhile, became ixigo's largest vertical by gross transaction value, growing 27% year-on-year even as fare inflation stemming from the West Asian conflict pressured the broader international flights market — a dynamic the company flagged as a continuing risk should the conflict and elevated oil prices persist.
Profit before tax rose 68% year-on-year to Rs 44.16 crore, while EBITDA improved 65% to Rs 53.52 crore, lifting EBITDA margin to 14% of total income from 10% a year earlier. Adjusted EBITDA, however, declined 7% to Rs 29.24 crore, reflecting deliberate reinvestment of operating leverage from the company's more mature businesses into its hotels segment and its AI-native platform, ixigo NEXT. The quarter marked a strategic inflection point for ixigo's hotels business, which shifted gears through the acquisition of a 54.66% majority stake in flexible-stay hotel network Brevistay, pushing the company's direct hotel contracting network past 10,000 properties across 700 towns in India, with overall supply — including aggregated inventory — surpassing one million properties globally.
Artificial intelligence continued to feature prominently in ixigo's investor communication, with the company's AI assistant TARA resolving 81% of voice queries and 92% of chat queries during the quarter, up from 88% in the prior period. Chief Financial Officer Saurabh Devendra Singh described the quarter as one with "much progress and some challenges," a characterisation borne out by the contrast between ixigo's record headline profitability and its willingness to sacrifice near-term adjusted margins to fund expansion into hotels and AI — bets the company is framing as central to its next phase of growth as it seeks to diversify beyond its historically dominant rail and bus ticketing franchise.
