Gurugram, 17 October 2026:
ixigo (Le Travenues Technology Ltd) , India based AI-based travel platform has announced its standalone and consolidated financial results for the quarter ended September 30, 2026.
ixigo delivered resilient growth in Q2 FY27, supported by its diversified multimodal travel business. Gross Transaction Value (GTV) grew 22% YoY to Rs. 5,304.47 Cr, while Revenue from Operations increased 13% YoY to Rs. 320.96 Cr. Contribution Margin rose 14% YoY to Rs. 124.86 Cr.
This is the first quarter ixigo has started disclosing hotels as a separate line of business. Hotels has emerged as ixigo’s fastest-growing line of business with GTV growth of +159% YoY, Revenue growth of +528%, with a 12%+ gross take rate. 86%+ of bookings came from ixigo’s own captive users. The business crossed approximately 4.7 lakh room nights in Q2 FY27, making it one of the fastest growing hotel OTAs in India. Hotel inventory stood at 70,000+ properties in India, including 12,000+ directly contracted properties across 1,100 towns.
Flight and Bus led the quarter with GTV growth of 37% and 32% YoY, respectively. ixigo expanded its distribution by powering train bookings on Uber, alongside its existing bus integration, while food delivery through Zoop and Swiggy now services over 290 railway stations. Higher airfares and limited availability of confirmed train tickets continued to support intercity bus demand growth, complemented by investments in customer experience and deeper supply expansion. AbhiBus further strengthened its offering with the launch of Women Zone, a booking option for solo women travellers.
Hotels: ixigo’s Next Growth Engine
- Crossed 5000 Hotel room nights per day, growing 3.9x YoY
- Hotels GTV grew 2.6x YoY to Rs. 111.34 Cr in Q2 FY27, including Brevistay.
- Hotels Revenue grew over 6x to Rs. 8.1 Cr in Q2 FY27
- The company continued to invest in supply, product and customer experience, with emerging product-market fit in Hotels.
Key Performance Highlights – Q2 FY27
- Gross Transaction Value (GTV) stood at 5,304.47 Cr in Q2 FY27, registering 22% YoY growth compared to Rs. 4,347.50 Cr in Q2 FY26.
- Revenue from Operations grew 13% YoY to Rs. 320.96 Cr in Q2 FY27 from Rs. 284.23 Cr in Q2 FY26.
- Contribution Margin (CM) increased 14% YoY to Rs. 124.86 Cr in Q2 FY27 from Rs. 109.58 Cr in Q2 FY26.
- Adjusted EBITDA (EBITDA plus ESOP Expenses less Other Income) stood at 23.58 Cr in Q2 FY27, down 17% YoY from Rs. 28.48 Cr in Q2 FY26.
- Profit before share of loss of an associate, exceptional items and tax stood at 33.53 Cr in Q2 FY27
- Q2 FY27 also recorded an all-time high Profit After Tax at Rs.63.42 Cr
Management Commentary
Aloke Bajpai (Group CEO), Rajnish Kumar (Group Co-CEO), and Saurabh Devendra Singh (Group CFO) stated: “In Q2 FY27, we delivered resilient growth with Quarterly GTV of ₹5,304 Crores, up 22% YoY, and Revenue from Operations of ₹321 Crores, up 13% YoY. Our PAT was an all-time high aided by our partial sale of stake in Freshbus. Flight and Bus led the quarter with GTV growth of 37% and 32% YoY respectively. From this quarter onwards, we are disclosing a new line of business of Hotels which grew GTV 2.6x YoY to ₹111 Crores with a gross take rate of more than 12%. We continue to invest in Hotels and AI as key drivers of our long-term growth.”
