Now Reading: Ixigo profit rises 81% to Rs 34.2 crore in Q1
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Ixigo profit rises 81% to Rs 34.2 crore in Q1
Le Travenues Technology, which owns Ixigo, reported an 81% year-on-year rise in consolidated profit to Rs 34.24 crore in the June quarter of FY27. Operating revenue grew 13% to Rs 356.75 crore,…
The Story in Brief
Le Travenues Technology, which owns Ixigo, reported an 81% year-on-year rise in consolidated profit to Rs 34.24 crore in the June quarter of FY27. Operating revenue grew 13% to Rs 356.75 crore, while gross transaction value rose 19% to Rs 5,524.33 crore. The bus business led growth, with GTV up 39% and passenger segments up 33%.
Flights remained the largest GTV contributor, rising 27%, but higher airfares, capacity cuts and geopolitical tensions hurt the segment. Ixigo expanded its direct hotel network to more than 10,000 properties across 700 towns. The company also increased investment in hotels and artificial intelligence. Inc42 reports quarterly EBITDA of Rs 53.5 crore, while ETtech reports adjusted EBITDA fell 7% to Rs 29.24 crore.
The Indian Opinion
The easy story is that Ixigo’s profit surge proves every part of its travel platform is thriving. That is too broad. Bus growth is strong, but aviation faces capacity pressure, while hotel expansion and AI spending will test margins. The conflicting EBITDA figures also show why adjusted and reported measures must not be mixed. Investors should watch whether revenue growth continues without another sharp rise in expenses over the next two quarters.
Sources (2): inc42.com, retail.economictimes.indiatimes.com
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
