Q2 2026 Le Travenues Technology Ltd Earnings Call Transcript
Key Points
- Le Travenues Technology Ltd (NSE:IXIGO) raised INR1,296 crores through preferential issuance, strengthening its balance sheet and enabling AI-led growth and investments in the hotel OTA space.
- The company reported a 37% year-over-year increase in revenue from operations for Q2 FY26, reaching INR282.7 crores.
- Despite a 2% contraction in the overall domestic flight market, Le Travenues Technology Ltd (NSE:IXIGO) achieved a 29% year-over-year growth in flight GTV and a 60% increase in flight revenue.
- The bus segment showed strong growth with a 51% increase in GTV and a 46% rise in passenger segments year-over-year.
- The company is focusing on AI-first experiences, with nearly half of voice support calls resolved by AI and over 90% of customer chat interactions handled by AI, enhancing customer service efficiency.
- The company reported a negative PAT of INR3.5 crores for Q2 FY26, largely due to a noncash, nonrecurring ESOP charge.
- Sequentially, the flight segment experienced a 14% dip in GTV, attributed to market conditions and strategic decisions to reduce discounting.
- The train segment faced challenges due to ecosystem-related adjustments, including changes in Indian Railways' policies, impacting growth and contribution margins.
- The attach rate for value-added services in the flight segment decreased, affecting overall revenue growth.
- There is uncertainty regarding the impact of future supply constraints in the flight segment, which could affect growth projections.
Ladies and gentlemen, good day, and welcome to Le Travenues Technology, also known as ixigo Earnings Call Q2 FY25 and '26 hosted by DAM Capital Advisors. (Operator Instructions)
I now hand the conference over to Mr. Anmol Garg from DAM Capital Advisors. Thank you, and over to you, sir.
Thanks, Danish. Good evening, everyone. On behalf of DAM Capital, I welcome you all to ixigo's Q2 FY26 Earnings Call. We have with us Mr. Aloke Bajpai, Chairman, MD and Group CEO of the company; Mr. Rajnish Kumar, Director and the Group Co-CEO of the company; Mr. Saurabh Devendra Singh, Group CFO of the company.
Before I hand over the call to Aloke and Saurabh and Rajnish, I would like to highlight the safe harbor statement on the second slide of the earnings presentation, and it is assumed to be read and understood.
Thank you, and over to you, guys.
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