Le Travenues Technology (IXIGO) , India's leading OTA for the Next Billion Users, has announced robust financial results for the first quarter, demonstrating significant growth across key metrics.

Financial Highlights

• Revenue Surge: Revenue from operations soared by 74.2% year-over-year to ₹314.40 crore, up from ₹181.90 crore in the same quarter of the previous year.
• Profit Growth: Net profit increased by 27.7% year-over-year to ₹18.90 crore.
• EBITDA Expansion: EBITDA grew by 53.1% to ₹25.50 crore.
• GTV Increase: Gross Transaction Value (GTV) reached ₹4,644.70 crore, marking a 55% year-over-year growth.

Segment Performance

Flights and Buses

Both segments experienced substantial growth, contributing to the overall GTV increase.

Train Bookings

The train segment continued to show positive performance.

Operational Highlights

• User Base Expansion: Monthly Active Users (MAUs) continued to grow.
• AI Integration: The company maintains its focus on AI-driven customer support for flights and hotels.
• Product Innovations: Le Travenues Technology continues to introduce new features to enhance user experience.
• Food Delivery Service: Zoop, the company's train food delivery service, maintains its growth trajectory.

Future Outlook

Le Travenues Technology continues to focus on AI-driven innovations, customer-centric features, and strategic partnerships to maintain its growth trajectory. The company's strong performance in Q1 positions it well for continued success in the evolving travel technology landscape.

As India's travel market expands and digital adoption increases, Le Travenues Technology, with its multi-brand ecosystem and focus on the Next Billion Users, appears well-positioned to capitalize on the growing opportunities in the sector.

LE TRAVENUES TECH , a prominent player in the technology sector, has unveiled its fourth-quarter financial results, showcasing substantial year-over-year growth across key metrics. The company's performance demonstrates its strong market position and effective business strategies in a competitive landscape.

Financial Highlights

Revenue Surge

LE TRAVENUES TECH reported a remarkable increase in revenue, reaching 2.80 billion rupees in the fourth quarter, up from 1.65 billion rupees in the same period last year. This represents a substantial year-over-year growth of 69.70%, indicating strong demand for the company's products or services.

Profitability Boost

The company's profitability metrics also showed significant improvement:

• EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) rose to 248.00 million rupees, compared to 156.00 million rupees in the previous year's quarter, marking a 58.97% increase.
• Net Profit saw an even more impressive growth, reaching 167.00 million rupees, up from 90.00 million rupees in the same quarter last year, representing an 85.56% year-over-year increase.

Margin Analysis

While LE TRAVENUES TECH demonstrated strong growth in absolute terms, there was a slight decrease in the EBITDA margin:

• The EBITDA margin for the current quarter stood at 8.73%, compared to 9.46% in the same quarter of the previous year.
• This marginal decline of 0.73 percentage points suggests that while the company has significantly expanded its operations and revenue, it may have faced some pressure on operational efficiency or increased costs.

The robust financial performance of LE TRAVENUES TECH in the fourth quarter reflects the company's ability to capitalize on market opportunities and drive growth. The substantial increases in revenue and profitability underscore the effectiveness of the company's business model and its strong market position. However, the slight dip in EBITDA margin warrants attention and may be an area for the company to focus on in the coming quarters to ensure sustainable and profitable growth.