Contribution margin (CM) increases 48 per cent year-on-year to Rs 128.1 crore in the first quarter of the current fiscal year (Q1FY26)
Marking a healthy improvement in its performance, Le Travenues Technology, the parent company of online travel aggregator Ixigo, has seen a 73 per cent year-on-year (YoY) surge in its revenues in the first quarter of the current financial year (Q1FY26).
The financial results of the company revealed that the revenues rose to Rs 314.5 crore from Rs 181.9 crore in the corresponding period of the previous fiscal year (Q1FY25). Gross Transaction Value (GTV) stood at Rs 4,644.7 crore in Q1FY26, growing by 55 per cent on a YoY basis. Flight and bus GTV led the growth with an 81 per cent increase YoY, while train GTV grew 30 per cent YoY for Q1FY26.
“We continue to see rapid growth and have hit new all-time highs. Our outstanding growth in categories such as buses and flights stems from our unique playbook that combines a customer-centric approach, ability to cross-sell and up-sell to our captive user-base, our tech-centric DNA, AI-driven efficiency, and enhanced brand awareness,” stated Rajnish Kumar, Group Co-Chief Executive Officer, ixigo and Aloke Bajpai, Group CEO, ixigo.
Contribution Margin (CM) increased by 48 per cent YoY, reaching Rs 128.1 crore in Q1FY26, the company informed. Earnings before interest, taxes, depreciation and amortisation (EBITDA) increased by 69 per cent to Rs 32.5 crore for Q1FY26 as compared to the same period in the previous year.
“Q1FY26 is another strong quarter, with record revenue and profits across all our key verticals. The 54 per cent increase in adjusted EBITDA and 76 per cent growth in PBT (excluding exceptional items) demonstrate the strength of our operating model and disciplined execution. We remain committed to driving sustainable growth,” highlighted Saurabh Devendra Singh, Group CFO, ixigo.
Profit Before Tax (PBT), share of loss of associates and exceptional items stood at Rs 28.7 crore in Q1FY26 as compared to Rs 16.3 Cr in Q1FY25, recording an increase of 76 per cent on a YoY basis, the company emphasised.
