Le Travenues Technology (Ixigo) Management Holds Virtual Meeting with Prosus Principal

1 min read     Updated on 05 Feb 2026, 07:53 PM
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Overview

Le Travenues Technology Limited (Ixigo) disclosed a virtual meeting between its management and Gaurav Kothari, Principal from Prosus, held on February 05, 2026 at 09:00 A.M. (IST). The company confirmed compliance with SEBI regulations by stating that no unpublished price sensitive information was shared during the analyst/investor meeting. The disclosure was made under Regulation 30 requirements and is available on the company's investor relations website.

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Le Travenues Technology (Ixigo) announced that its management team conducted a virtual meeting with an institutional investor on February 05, 2026, as part of its regular investor engagement activities.

Meeting Details

The company disclosed the meeting under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, providing transparency about its investor interactions.

Parameter: Details
Date: Thursday, February 05, 2026
Participant: Gaurav Kothari, Principal from Prosus
Meeting Type: Virtual Meeting
Time: 09:00 A.M. (IST)

Regulatory Compliance

Le Travenues Technology Limited emphasized its commitment to regulatory compliance by confirming that no unpublished price sensitive information was discussed during the meeting. This disclosure ensures adherence to SEBI guidelines regarding material information sharing with analysts and investors.

The company maintains transparency in its investor relations activities by promptly disclosing such meetings to the stock exchanges. The announcement was filed with both the National Stock Exchange of India Limited and BSE Limited, where the company's shares are listed.

Corporate Governance

The disclosure was signed by Suresh Kumar Bhutani, who serves as the Group General Counsel, Company Secretary & Compliance Officer for Le Travenues Technology Limited. The company has made the announcement available on its investor relations website at investors.ixigo.com, ensuring broader accessibility for stakeholders.

Such regular investor meetings are part of the company's ongoing efforts to maintain open communication with the investment community while adhering to regulatory requirements and maintaining information confidentiality standards.

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ixigo Achieves Record Q3 FY26 Performance with 31% Revenue Growth Despite Aviation Sector Challenges

3 min read     Updated on 29 Jan 2026, 07:44 PM
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Overview

Le Travenues Technology (ixigo) reported outstanding Q3 FY26 results with record revenue of INR317.6 crores (+31% YoY) and GTV of INR4,902.9 crores (+21% YoY), while PAT surged 54% to INR24.00 crores. Despite December flight disruptions affecting 4,500 flights, the company's AI-powered customer support handled 150,000+ calls with 90% AI resolution, maintaining exceptional service standards. The diversified platform showed strength across segments with flights GTV growing 22%, international flights crossing 20% share, and buses continuing 40-50% growth trajectory from the Abhibus acquisition.

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Le Travenues Technology (ixigo) delivered exceptional Q3 FY26 results, demonstrating remarkable resilience and growth despite significant challenges in the aviation sector. The travel technology company reported record financial performance while successfully navigating one of the most disruptive periods for the flight industry.

Record Financial Performance

The company achieved all-time high financial metrics across key parameters during the quarter ended December 31, 2025:

Metric Q3 FY26 Q3 FY25 Growth (%)
Revenue from Operations INR317.6 crores INR242.6 crores +31%
Gross Transaction Value INR4,902.9 crores INR4,036.3 crores +21%
Profit After Tax INR24.00 crores INR15.50 crores +54%
Adjusted EBITDA INR30.8 crores INR24.3 crores +27%
Contribution Margin INR115.3 crores INR103.0 crores +12%

Crisis Management Excellence

December 2025 presented unprecedented challenges when a leading airline faced operational disruptions following revised FDTL norms implementation by DGCA. The crisis involved approximately 4,500 flight cancellations and reschedules over 12 days, with peak impact between December 3rd and 8th. Customer reach-outs surged two-fold, while flight tracking product usage increased five-fold during this period.

Ixigo's response demonstrated its customer-first philosophy through proactive measures including full ticket refunds plus convenience fees and ixigo Assured fees for impacted bookings. The company established a dedicated cross-functional war room to manage the evolving situation daily.

AI-Powered Customer Support

The company's AI customer experience stack proved crucial during the crisis, with remarkable performance metrics:

Support Metric Performance
AI Call Resolution Rate 90% in December
Total AI-Handled Calls 150,000+ during crisis
Calls Answered Within 2 Minutes 96.7%
Average Refund Time 3 hours 10 minutes
Overall AI Voice Call Handling 76%+ in Q3

TARA, the company's AI agent, played a central role in assisting customers with refund processes and recommending alternate travel options, while AI-augmented human support teams operated extended hours during peak disruption periods.

Business Segment Performance

Flights Business

Despite sector challenges, the flights segment delivered strong growth:

Flight Metrics Q3 FY26 Q3 FY25 Growth (%)
Flight Segments Booked 2.8 million 2.4 million +15.2%
GTV INR2,055 crores INR1,684 crores +22%
Revenue INR102.4 crores INR68.7 crores +49%
Contribution Margin INR39.4 crores INR27.2 crores +45%

International flights showed exceptional momentum, growing over 50% year-on-year and crossing 20% of overall flights GTV. The company strengthened supply partnerships with GDS relationships across Amadeus and Travelport, plus 26 airlines on NDC pipes including Middle Eastern, Southeast Asian, and European carriers.

Trains Business

The trains segment maintained steady growth while representing a smaller mix due to faster growth in other verticals:

Train Metrics Q3 FY26 Q3 FY25 Growth (%)
Train Segments Booked 26.12 million 24.00 million +8.8%
GTV INR2,095.5 crores INR1,822 crores +15%
Revenue INR134.1 crores INR119.7 crores +12%
Contribution Margin INR40.6 crores INR39.8 crores +2%

Buses Business

The bus segment continued as a strong growth engine, scaling significantly since the Abhibus acquisition:

Bus Metrics Q3 FY26 Q3 FY25 Growth (%)
Passenger Segments 6.73 million 5.06 million +33%
GTV INR671 crores INR493 crores +36%
Revenue INR75.6 crores INR51.4 crores +47%
Contribution Margin INR34.0 crores INR34.3 crores -1%

The business has grown from INR400-500 crores annual GTV pre-acquisition to over INR2,400 crores in the last 12 months, representing nearly 6x growth while maintaining 40-50% year-on-year compound growth.

Strategic Investments and Future Outlook

The company established a Singapore subsidiary to facilitate overseas investments, focusing on AI-adjacent opportunities and travel technology synergies. An Investment Committee comprising board members with expertise from Peak XV and GSF India will evaluate strategic opportunities.

Management highlighted potential base effects in Q4 FY26 due to the Mahakumbh impact in the previous year, which contributed mid to high single-digit GTV across transportation modes. However, spiritual tourism remains a strong secular trend with growing Gen Z participation.

One-time Impacts

The quarter included several one-time impacts totaling approximately INR2.00 crores adverse effect on EBITDA from December flight disruptions, INR2.90 crores share of loss from Fresh Bus, and INR2.80 crores impact from new labour code implementation.

Historical Stock Returns for Le Travenues Technology (IXIGO)

1 Day5 Days1 Month6 Months1 Year5 Years
-0.63%-4.02%-14.13%-14.48%+34.64%+12.23%
Le Travenues Technology (IXIGO)
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