Le Travenues Technology, which operates the Ixigo travel platform, reported record gross transaction value of INR5,524.33 crores for Q1 2027, up 19% year-over-year. Revenue from operations grew 13% to INR356.75 crores. Profit after tax surged 81% to INR34.24 crores. However, adjusted EBITDA declined 7% to INR29.24 crores due to investments in AI development and hotel business expansion. The company's bus business, AbhiBus, outperformed with 39% GTV growth, whilst train revenue rose 9% to INR141.04 crores. The platform's train market share increased to 63% from 60% in previous quarters. Ixigo launched an AI-native travel application featuring the "Tara" assistant. The company also acquired a 54.66% stake in Brevistay to accelerate its hotel business. Monthly active users stood at 8.5 crores.

ixigo reports 81% jump in Q1 profit. The AI-based travel platform recorded a 19% rise in GTV to ₹5,524.33 crore, with its bus business leading growth during the quarter. August 7, 2026 Le Travenues Technology Limited announced its standalone and consolidated financial results for the quarter ended June 30, 2026. Despite a volatile operating environment, ixigo delivered another resilient quarter, underpinned by the strength of its diversified multimodal business. The company reported Gross Transaction Value (GTV) of Rs. 5,524.33 Cr, up 19% YoY, while Revenue from Operations grew 13% YoY to Rs. 356.75 Cr. Contribution Margin increased 13% YoY to Rs. 144.94 Cr. Profit Before Tax (PBT*) surged 68% YoY, while Profit After Tax (PAT) rose 81% YoY to an all-time high of Rs. 34.24 Cr. Business performance. The Bus business, Abhibus, recorded the highest growth during the quarter, with GTV increasing 39% year-on-year and revenue rising 34%. Flights became ixigo's largest business by Gross Transaction Value (GTV), growing 27% year-on-year despite volatility in the international travel market. The trains business maintained market share gains, accounting for 63% of the OTA market, while improving contribution margins. During the quarter, ixigo expanded its bus services through new customer features, supply additions and the launch of BusBiz and BUSGDS.AI. Growth was recorded across both established and emerging markets, with 17 states reporting over 60% year-on-year growth. Hotels business. Hotels: ixigo's Next Growth Engine * Hotels emerged as ixigo's fastest-growing line of business by GTV in Q1 FY27. * Recorded 0.5 Million Heads on Beds during the quarter. * ixigo strengthened its hotels business through the acquisition of a 54.66% majority stake in Brevistay, India's largest flexible-stay hotel network, expanding its presence in the flexible and short-stay accommodation segment. * Direct hotel footprint expanded to 10,000+ properties across 700 towns in India, powered by its AI-first hotel extranet, HELLO. * Overall hotel supply crossed 70,000 properties across India and 1 million properties worldwide. Key performance highlights - Q1 FY27. * Gross Transaction Value (GTV) stood at Rs. 5,524.33 Cr in Q1 FY27, registering a 19% YoY growth compared to Q1 FY26. * Revenue from Operations grew by 13% YoY to Rs. 356.75 Cr in Q1 FY27 from Rs. 316.05 Cr in Q1 FY26. * Contribution Margin (CM) increased 13% YoY to an all-time high of Rs. 144.94 Cr in Q1 FY27. * EBITDA increased by 65% YoY to Rs. 53.52 Cr for Q1 FY27 as compared to the same period in the previous year. Adjusted EBITDA (EBITDA plus ESOP Expenses less Other Income) stood at Rs. 29.24 Cr in Q1 FY27. * Profit Before Tax, Share of Loss of Associates and Exceptional Items stood at Rs. 48.14 Cr in Q1 FY27, up from Rs. 28.66 Cr in Q1 FY26. * Q1 FY27 also recorded an all-time high Profit After Tax at Rs. 34.24 Cr compared to Rs. 18.94 Cr in Q1 FY26, reflecting an 81% YoY increase. Management commentary. Aloke Bajpai, Group CEO, ixigo, and Rajnish Kumar, Group Co-CEO, stated: "In Q1 FY27, despite the challenging macro environment, we continued taking market share and delivered resilient growth, crossing ₹5,524 Crores Quarterly GTV with an All-Time High Revenue and PAT. Our Bus business was the hero with 39% GTV growth YoY. This was also the quarter when ixigo's Hotels business shifted gears through the Brevistay acquisition, crossing critical mass of direct supply and room nights. We are closer to product-market fit on hotels than ever before and we are investing for growth and customer experience." Saurabh Devendra Singh, Group CFO, ixigo, added: "Q1 FY27 had much progress and some challenges. We continue to execute and remain optimistic about the long-term trajectory. Until the Iran conflict is not fully resolved, we expect some volatility. We are using uncertain times to strengthen our core, build market share and invest in hotels and our AI-native future."

Ixigo Q1 FY27 profit jumps 81% to ₹34.24 Cr. ixigo Q1 FY27 profit rose 81% to ₹34.24 Cr, while GTV grew 19% to ₹5,524 Cr. Bus and hotels led growth as the company expanded its AI push. Travel technology company ixigo reported a strong first quarter of FY27, with consolidated profit after tax (PAT) rising 81% year-on-year to ₹34.24 crore. The company also recorded its highest-ever quarterly Gross Transaction Value (GTV) of ₹5,524.33 crore, up 19% from the year-ago period. Revenue from operations increased 13% YoY to ₹356.75 crore, while contribution margin rose 13% to ₹144.94 crore. The results come against a challenging travel environment, marked by higher airfares, capacity constraints and uncertainty in international aviation. Despite these pressures, ixigo said it continued to gain market share across key travel segments. Quick summary. The June quarter marked another period of growth for ixigo, with the company benefiting from strong performance in buses and flights while making significant investments in hotels and artificial intelligence. The company's GTV increased from ₹4,644.66 crore in Q1 FY26 to ₹5,524.33 crore in Q1 FY27. Revenue from operations climbed from ₹316.05 crore to ₹356.75 crore. PAT more sharply increased from ₹18.94 crore to ₹34.24 crore, representing an 81% YoY jump. Financial highlights. The reported EBITDA margin, based on total income, increased to 14% in Q1 FY27 from 10% in the year-ago quarter. However, adjusted EBITDA declined 7% to ₹29.24 crore, reflecting higher investments in hotels, technology, AI and brand building. Hotels emerge as ixigo's next growth engine. Hotels are becoming an increasingly important part of ixigo's strategy. The company recorded 0.5 million "heads on beds" during Q1 FY27 and described hotels as its fastest-growing business line by GTV. ixigo also acquired a 54.66% majority stake in Brevistay, a flexible-stay hotel network. The transaction is aimed at strengthening ixigo's presence in short-stay and flexible accommodation. Its direct hotel contracting network has expanded to more than 10,000 properties across 700 towns in India, while the overall supply base has crossed 70,000 properties in India and more than one million globally. ixigo's AI strategy takes centre stage. AI remains a major part of ixigo's long-term strategy. The company's AI assistant TARA resolved 81% of voice queries and 92% of chat queries through autonomous AI agents in Q1 FY27. ixigo is also developing ixigo NEXT, an AI-native version of its travel application designed around context-aware, predictive and personalised travel assistance. Customer base continues to expand. ixigo reported 8.54 crore monthly active users in Q1 FY27, up from 8.41 crore in Q1 FY26. The company has also built significant penetration outside India's largest cities, with operations reaching more than 2,400 towns. As of June 30, 2026, ixigo reported 56.94 crore lifetime transacted users and 39.57 crore lifetime registered users. Management commentary. Aloke Bajpai, Chairman, Managing Director and Group CEO, said ixigo continued to gain market share despite a challenging macro environment. He highlighted the ₹5,524 crore quarterly GTV, record revenue and PAT, while calling the bus business the quarter's standout performer. Management also pointed to the Brevistay acquisition and the expansion of direct hotel supply as important steps towards building hotels into a larger business. Rajnish Kumar, Director and Group Co-CEO, said the company expects some volatility until the Iran conflict is fully resolved, but is using the period to strengthen its core businesses, expand market share, invest in hotels and build an AI-native travel platform. Why this matters for investors. The Q1 FY27 numbers show that ixigo is growing beyond its traditional train-booking identity. The strongest signal is the diversification of the business. Flights are now the largest vertical by GTV, buses are generating strong growth and contribution margins, while hotels are being built as the next major growth engine. At the same time, the company is investing heavily in AI to improve customer service and operating efficiency. The trade-off is clear: ixigo is using some of the operating leverage from its mature businesses to fund its next growth phase. That could pressure adjusted EBITDA in the short term, but could also create a broader and more diversified travel platform if the investments deliver the expected returns. Future outlook. Management remains cautious about the near-term aviation environment but constructive about India's longer-term travel opportunity. The company expects rising incomes, greater connectivity and the shift from rail and buses to air travel on longer routes to support structural growth. It also sees a significant opportunity in business and SME travel, where GST-linked bookings indicate existing usage among traders, merchants and small-business owners. For ixigo, the next phase will therefore depend on three things: sustaining market-share gains, scaling hotels and converting AI investments into better customer experience and operating efficiency. FAQs. What was ixigo's Q1 FY27 profit? ixigo reported a consolidated PAT of ₹34.24 crore in Q1 FY27, up 81% from ₹18.94 crore in Q1 FY26. What was ixigo's Q1 FY27 revenue? Revenue from operations rose 13% YoY to ₹356.75 crore from ₹316.05 crore. Which ixigo business grew the fastest? The bus business recorded 39% YoY GTV growth, while hotels emerged as the company's fastest-growing business line by GTV. What happened to ixigo's EBITDA in Q1 FY27? Reported EBITDA increased 65% YoY to ₹53.52 crore, while adjusted EBITDA declined 7% to ₹29.24 crore. What is ixigo's AI strategy? ixigo is using AI across customer support, pricing, revenue management, search, recommendations and its AI-native ixigo NEXT platform. TARA resolved 81% of voice queries and 92% of chat queries through autonomous AI agents in Q1 FY27.