Le Travenues Technology, the parent company of online travel platform Ixigo, reported a consolidated net profit of ₹61.3 crore for the September quarter, compared with a net loss of ₹3.2 crore in the year-ago period.
Revenue from operations rose 12.9% year-on-year to ₹321 crore in Q2FY27, compared with ₹284.2 crore in the corresponding quarter last year.
Earnings before interest, tax, depreciation and amortisation (EBITDA) stood at ₹18.1 crore, compared with an EBITDA loss of ₹3.7 crore a year earlier.
Among its business segments, train revenue rose to ₹149.14 crore in Q2FY27 from ₹128.11 crore a year earlier, while bus revenue increased to ₹81.04 crore from ₹65.41 crore. Flight revenue, however, declined to ₹82.66 crore from ₹89.39 crore.
The company also reported an exceptional gain of ₹40.66 crore following the reduction of its stake in Freshbus Private Limited, which ceased to be an associate in August 2026.
Ixigo’s hotel business emerged as a key growth driver during the quarter. The segment’s GTV rose 159% year-on-year to ₹111.34 crore, while the company crossed 4.7 lakh room nights booked in Q2FY27. More than 86% of hotel bookings came from existing users of its platforms.
The company said it had an inventory of more than 70,000 properties, including 12,000 directly contracted properties across 1,100 towns, and a gross take rate of over 12% in the segment.
The online travel platform also highlighted its investments in artificial intelligence (AI), including AI-powered pricing for value-added services and efforts to improve customer service. During the quarter, AI systems resolved 82% of voice queries and 94% of chat queries, while the company reported that 43 lakh queries were resolved by AI.
For the first half of FY27, revenue from operations increased to ₹677.71 crore from ₹600.28 crore in the year-ago period, while consolidated net profit rose to ₹97.66 crore from ₹15.48 crore.
As of September 30, 2026, cash and cash equivalents stood at ₹640.43 crore. The company’s total cash balance, including fixed deposits and mutual funds and net of borrowings, stood at ₹1,831.71 crore, compared with ₹428.50 crore a year earlier.
Shares of the Le Travenues Technology closed nearly 6% higher at ₹145.98 on Friday ahead of the results announcement. The stock has fallen more than 39% so far in 2026 and 56% over the last 12 months.
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