Q3 2026 Le Travenues Technology Ltd Earnings Call Transcript
Key Points
- Le Travenues Technology Ltd (NSE:IXIGO) reported all-time high revenue from operations of INR317.6 crores, up 31% year-on-year.
- The company achieved an all-time high gross transaction value (GTV) of INR4,902.9 crores, up 21% year-on-year.
- Profit after tax increased by 54% year-on-year to INR24 crores, reflecting strong execution and operating leverage.
- The international flights business showed significant growth, with GTV increasing over 50% year-on-year, now accounting for over 20% of the overall flights GTV.
- The bus segment experienced substantial growth, with GTV scaling to over INR2,400 crores in the last 12 months, representing nearly 6 times growth since acquiring Abhibus in 2021.
- The company faced significant operational disruptions in December due to revised FTTL norms, leading to approximately 4,500 flight cancellations and reschedules.
- The train segment's contribution to GTV and revenue has reduced as flights and buses grew faster, indicating a shift in business focus.
- The hotel business is still not at the product market fit stage, with ongoing efforts to solve issues in the budget hotel space.
- The contribution margin in the bus business has seen a decline, with a focus on growth over margins in the short to medium term.
- The company absorbed a one-off impact of INR2 crores in EBITDA due to flight disruptions and refunding convenience fees during the December crisis.
Ladies and gentlemen, good day, and welcome to Le Travenues Technology, also known as ixigo, Q3 and FY25-'26, earnings conference call hosted by DAM Capital Advisors Limited. (Operator Instructions)
I now hand the conference over to Mr. Anmol Garg from DAM Capital. Thank you, and over to you, sir.
Thank you, Danish. Good evening, everyone. On behalf of DAM Capital, I welcome you all to ixigo's Q3 FY26 earnings call. We have with us Mr. Aloke Bajpai, Chairman, MD and Group CEO of the company; Mr. Rajnish Kumar, Director and Group co-CEO of the company; Mr. Saurabh Devendra Singh, Group CFO of the company.
Now before I hand over the call to Aloke and Saurabh and Rajnish, I would like to highlight that the safe harbor statement on the second slide of the presentation, and it is assumed to be read and understood.
I'll hand over now the call to Aloke, Saurabh and Rajnish. Thank you.
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