ixigo Reports 37% Revenue Growth in Q2, Raises INR 1,296 Crores from Prosus

Le Travenues Technology (IXIGO) , known as ixigo, has demonstrated resilience in a challenging market environment, reporting a 37% year-on-year growth in revenue from operations for Q2. The company's performance highlights its ability to navigate market headwinds while continuing to expand its presence in the Indian travel sector.

Financial Highlights

ixigo reported the following key financial metrics for Q2:

Metric	Q2 Value (INR)	Y-o-Y Growth
Revenue from Operations	282.70 crores	37%
Gross Transaction Value (GTV)	4,347.50 crores	23%
Adjusted EBITDA	28.50 crores	36%
Adjusted EBITDA Margin	10%	Maintained

Segment Performance

Flights

Despite a 2% contraction in the domestic aviation market, ixigo's flight segment showed strong performance:

60% revenue growth
29% GTV increase to INR 1,592.40 crores
19% growth in flight segments booked, reaching 2.41 million

Bus

The bus segment demonstrated robust growth:

51% GTV increase to INR 571.90 crores
46% growth in passenger segments, reaching 6.04 million

Trains

The train segment faced challenges due to ecosystem-related adjustments:

10% growth in train segments booked, reaching 27.20 million
12% GTV increase to INR 2,125.90 crores

Strategic Fundraise

ixigo announced a significant fundraise of approximately INR 1,296 crores through preferential issuance to MIH Investments One B.V. (Prosus). This capital infusion aims to:

Strengthen the company's balance sheet
Accelerate AI-led growth initiatives
Fuel investments in the hotel OTA space
Provide flexibility for potential inorganic growth opportunities

Operational Highlights

The company maintained its adjusted EBITDA margin at 10% with INR 28.50 crores.
Cash flow for H1 stood at INR 91.50 crores.
PAT was negative at INR 3.50 crores, primarily due to a one-time non-cash ESOP charge of INR 26.90 crores related to early achievement of performance milestones.

Future Outlook

ixigo's management expressed optimism about the company's future, citing:

Green shoots observed in October, indicating potential market recovery
Increased supply in the aviation sector, as evidenced by the winter schedule filed with DGCA
Continued focus on AI-driven innovations and customer-centric solutions

The company plans to leverage its new capital to invest in AI-first experiences, enhance its hotel OTA business, and explore strategic acquisitions that align with its growth strategy.

Investor Meetings

ixigo has scheduled several one-on-one meetings with fund managers and analysts from prominent investment firms in November, indicating ongoing investor interest in the company's growth story.

As ixigo continues to navigate the evolving travel landscape, its focus on technological innovation, particularly in AI, and strategic capital deployment positions it to capitalize on the recovering travel market and potential long-term growth opportunities in the Indian OTA space.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.34%	-19.06%	-16.30%	+78.62%	+79.90%	+41.16%

Le Travenues Technology (IXIGO) , the company behind the popular travel platform ixigo, held a significant Extraordinary General Meeting (EGM) on November 1, 2025. The meeting, conducted through video conferencing, saw shareholders approve three special resolutions that could shape the company's future trajectory.

Key Resolutions Passed

The EGM, chaired by Aloke Bajpai, Chairman, Managing Director & Group CEO, addressed three critical matters:

Preferential Share Allotment: Shareholders approved the offer, issuance, and allotment of equity shares on a private placement/preferential basis.
Articles of Association Amendment: The meeting sanctioned amendments to the company's Articles of Association, including granting special rights to an identified shareholder as per SEBI Listing Regulations.
Further Articles of Association Modification: Approval was given for additional amendments to the Articles of Association, specifically deleting references to "Part A" and "Part B" in Section I - Applicability of Table F.

Voting Results

The resolutions received overwhelming support from shareholders, as evidenced by the voting results:

Resolution	Votes in Favor (%)	Votes Against (%)
Preferential Share Allotment	99.16	0.84
Articles of Association Amendment	99.16	0.84
Further AoA Modification	99.43	0.57

Meeting Proceedings

The EGM, which commenced at 2:00 PM IST and concluded at 3:02 PM IST, was attended by 67 members virtually. Key company officials present included Aloke Bajpai, Rajnish Kumar (Director & Group Co-CEO), and several independent directors.

Suresh Kumar Bhutani, Group General Counsel, Company Secretary & Compliance Officer, oversaw the proceedings and addressed shareholder queries along with the Chairman and Group CFO Saurabh Devendra Singh.

Implications and Next Steps

The approval of these resolutions, particularly the preferential share allotment and amendments to the Articles of Association, may signal significant strategic moves for Le Travenues Technology Limited. These changes could potentially impact the company's capital structure and governance framework.

Investors and market watchers will be keen to see how these developments influence ixigo's growth strategy and market position in the competitive travel technology sector.

The company stated that the detailed voting results and scrutinizer's report would be submitted within two working days of the EGM's conclusion, as per regulatory requirements.

Le Travenues Technology Limited trades on the National Stock Exchange under the symbol IXIGO and on the BSE with the scrip code 544192.