Le Travenues Technology LimitedQuarter ended September 30, 2026 Results & Financial Update
Le Travenues Technology Limited: Quarter ended September 30, 2026 consolidated results and company financials – revenue ₹320.96 Cr, PAT ₹63.42 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
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Quarterly Results AnalysisExplore Le Travenues Technology Quarter ended September 30, 2026 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Le Travenues Technology Limited delivered consolidated revenue from operations of Rs. 320.96 crore for the quarter ended September 30, 2026, marking a 12.92% increase compared to Rs. 284.23 crore in the corresponding period of the previous fiscal year.
Profit after tax reached an all-time high of Rs. 63.42 crore for Q2 FY27, substantially lifted by an exceptional gain from the partial sale of the company's stake in Freshbus.
Gross Transaction Value across the multimodal ecosystem expanded by 22% year-on-year to reach Rs. 5,304.47 crore, driven by robust activity across flight, bus, and hotel segments.
Contribution margin expanded by 14% year-on-year to Rs. 124.86 crore, reflecting steady core operating performance across transport and accommodation verticals.
Adjusted EBITDA, defined by management as EBITDA plus ESOP expenses less other income, stood at Rs. 23.58 crore, compared to Rs. 28.48 crore in the same period last year.
The newly reported hotels line of business emerged as a prominent growth engine, scaling rapidly in its first quarter of dedicated segment disclosure.
Distribution reach widened during the quarter through strategic platform integrations, including powering train bookings on Uber and expanding food delivery services across railway stations via partnerships.
01 · Business model
What does Le Travenues Technology do?
Le Travenues Technology Limited operates ixigo, an AI-based Indian travel platform that helps travellers plan, book, and manage trips spanning rail, air, buses, and hotels.
The company operates multiple customer-facing brands and applications, including its flagship ixigo apps, train booking app ConfirmTkt, and intercity bus booking app AbhiBus.
Its monetization streams span ticketing commissions, convenience fees, and value-added services across transportation verticals, alongside a rapidly scaling hotels segment.
The platform leverages in-house proprietary algorithms and crowd-sourced travel data to assist users with travel decisions, automated utility tools, and ancillary services.
02 · Historical context
What shaped the business before this quarter
Launched in 2007 by Aloke Bajpai and Rajnish Kumar, ixigo developed from a travel meta-search engine into a comprehensive AI-based booking platform.
The platform recorded 57 crore annual active users in fiscal 2026, anchoring its market position across Indian rail, air, and road travel.
03 · Financial snapshot
Current quarter vs the two useful baselines
| Metric | Quarter ended September 30, 2026 | Year-ago | Previous quarter |
|---|---|---|---|
| Revenue from operations | ₹320.96 Cr | ₹284.23 Cr | ₹356.75 Cr |
| Total income | ₹343.04 Cr | ₹289.40 Cr | ₹385.90 Cr |
| Profit before tax | ₹71.70 Cr | ₹-3.96 Cr | ₹44.16 Cr |
| Profit after tax | ₹63.42 Cr | ₹-3.46 Cr | ₹34.24 Cr |
| EPS | ₹1.37 | ₹-0.08 | ₹0.72 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 19.8% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to 22.3% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹22.08 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
Gross Transaction Value rose 22% year-on-year to Rs. 5,304.47 crore, paced by robust activity in flight and bus bookings alongside emerging hotel scaling.
Flight and bus verticals recorded year-on-year GTV growth of 37% and 32% respectively, supported by intercity demand patterns, higher airfares, and limited confirmed train ticket availability.
What drove margins
Contribution margin increased by 14% year-on-year to Rs. 124.86 crore, supported by core transaction volumes and take-rate dynamics.
Adjusted EBITDA stood at Rs. 23.58 crore for the quarter, compared with Rs. 28.48 crore in the year-ago period, reflecting continued investments in product expansion and supply.
05 · Demand, customers & order book
Where demand is coming from
Hotel room nights booked net of cancellations surpassed 4.7 lakhs during the quarter, growing 295% year-on-year to average over 5,000 room nights per day.
Over 86% of hotel bookings originated directly from ixigo's own captive user base.
06 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
Ixigo initiated dedicated segment disclosure for its hotels business, which reached a GTV of Rs. 111.34 crore (including Brevistay), up 2.6x year-on-year with a gross take rate exceeding 12%.
Geography and market mix
Hotel inventory expanded to over 70,000 properties across India, incorporating more than 12,000 directly contracted properties spanning 1,100 towns.
07 · Strategy & new businesses
How the company is trying to change its growth mix
In-transit food delivery offerings through Zoop and Swiggy were scaled to service over 290 railway stations.
AbhiBus introduced 'Women Zone', a dedicated booking feature designed for solo women travellers on intercity buses.
08 · Reported developments
What changed operationally
Hotels revenue grew over sixfold year-on-year to reach Rs. 8.10 crore, establishing product-market fit in accommodation services.
09 · Items worth noticing
The line items that can distort a quick read
Profit after tax for Q2 FY27 was bolstered by an exceptional gain arising from the partial sale of the company's stake in Freshbus.
10 · Beyond the numbers
What changed beyond the numbers
Reported update
Freshbus Stake Sale
The quarter's net profit included gains derived from the partial sale of the company's equity stake in Freshbus.
11 · Previous-quarter changes
What changed since the previous quarter
Revenue from operations moved from Rs. 356.75 crore in Q1 FY27 to Rs. 320.96 crore in Q2 FY27.
Profit after tax increased from Rs. 34.24 crore in Q1 FY27 to Rs. 63.42 crore in Q2 FY27, aided by the Freshbus stake sale.
12 · Key Q&A
The quarter, answered directly
What does Le Travenues Technology do?
Le Travenues Technology Limited operates ixigo, an AI-based Indian travel platform that helps travellers plan, book, and manage trips spanning rail, air, buses, and hotels.
What is the clearest takeaway from Quarter ended September 30, 2026?
Le Travenues Technology Limited delivered consolidated revenue from operations of Rs. 320.96 crore for the quarter ended September 30, 2026, marking a 12.92% increase compared to Rs. 284.23 crore in the corresponding period of the previous fiscal year.
What drove revenue or demand?
Gross Transaction Value rose 22% year-on-year to Rs. 5,304.47 crore, paced by robust activity in flight and bus bookings alongside emerging hotel scaling.
What mattered most for margins or profitability?
Contribution margin increased by 14% year-on-year to Rs. 124.86 crore, supported by core transaction volumes and take-rate dynamics.
What changed operationally beyond the headline numbers?
In-transit food delivery offerings through Zoop and Swiggy were scaled to service over 290 railway stations.
What should the next disclosure help confirm?
Monitor the sustained take-rate above 12% and room-night growth velocity in the newly reported hotels business line.
13 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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14 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Hotel Take-Rate and GTV Trajectory: Monitor the sustained take-rate above 12% and room-night growth velocity in the newly reported hotels business line.
Learn the metrics
Need the concepts first?
Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.