Q4 2026 Le Travenues Technology Ltd Earnings Call Transcript
Key Points
- Le Travenues Technology Ltd (NSE:IXIGO) achieved a 34% revenue growth and 28% adjusted EBITDA growth year-over-year, with a gross transaction value crossing INR18,693 crores for FY26.
- The company reported a record cash flow from operations of INR96 crores, marking a 60% growth year-over-year.
- In Q4 FY26, the company delivered INR4,798 crores of GTV, INR308 crores of revenue from operations, and INR30 crores of adjusted EBITDA, with the highest ever PAT for the quarter at INR32 crores.
- The bus segment emerged as the largest business by contribution margin, with a 32% growth in passenger segments and 26% growth in GTV.
- Le Travenues Technology Ltd (NSE:IXIGO) continues to gain market share in the OTA market, with flights becoming the largest vertical by GTV and trains maintaining a 62% market share in the OTA segment.
- The train segment experienced an 8% year-over-year decline in booked segments and a 5% decrease in GTV due to policy changes and supply constraints.
- The international flight market faced challenges due to the Middle East situation and increased fares, impacting volumes and growth.
- Despite growth in revenue, the contribution margin for flights decreased by 3% in Q4 FY26.
- The company is facing headwinds in the train segment due to policy changes and a high base effect from the previous year.
- The hotel segment is still in the early stages of development, with no significant contribution to the company's financials yet.
Ladies and gentlemen, good day, and welcome to the Le Travenues Technology Q4 and FY 2025/'26 earnings conference call hosted by DAM Capital Advisors Limited.
(Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Anmol [Dalia] from DAM Capital Advisors Limited. Thank you, and over to you, sir.
Thank you, Rutuja. Good evening, everyone. On behalf of DAM Capital, I welcome you all to ixigo's Q4 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. Now before I hand over the call to Aloke, Saurabh and Rajnish, I would like to highlight the safe harbor statement on the second slide of the presentation, and it is assumed to be read and understood. I'll hand over the call to Aloke. Thank you.
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