ixigo Delivers All-time High PAT of Rs.63.42 Cr in Q2 FY27; Hotels Emerges as Fastest-Growing Business
Le Travenues Technology Limited (ixigo), India’s leading AI-based travel platform, announced its standalone and consolidated financial results for the quarter ended September 30, 2026.
Strong Financial Performance
- GTV grew 22% YoY to ₹5,304.47 crore.
- Revenue from Operations increased 13% YoY to ₹320.96 crore.
- Contribution Margin rose 14% YoY to ₹124.86 crore.
- PAT reached an all-time high of ₹63.42 crore.
Hotels Emerges as Fastest-Growing Business
- First quarter with Hotels reported as a separate business segment.
- Hotel GTV surged 159% YoY.
- Hotel Revenue jumped 528% YoY.
- Gross take rate exceeded 12%.
- 86%+ bookings came from ixigo's captive user base.
Hotel Business Milestones
- Crossed 4.7 lakh room nights during Q2 FY27.
- Achieved 5,000+ room nights per day, up 3.9x YoY.
- Hotel GTV reached ₹111.34 crore.
- Hotel Revenue rose to ₹8.1 crore.
- Inventory expanded to 70,000+ properties across India.
- Includes 12,000+ directly contracted properties in 1,100 towns.
Core Travel Segments Continue Growth
Flights
- GTV grew 37% YoY.
Bus
- GTV grew 32% YoY.
- Growth supported by higher airfares and limited train ticket availability.
- AbhiBus launched Women Zone for solo women travellers.
Platform Expansion
- Train booking services integrated with Uber.
- Food delivery via Zoop and Swiggy now available across 290+ railway stations.
Profitability Highlights
- Adjusted EBITDA: ₹23.58 crore.
- Profit before exceptional items and tax: ₹33.53 crore.
- Record PAT supported by partial stake sale in Freshbus.
Management Commentary
- ixigo highlighted Hotels and AI investments as key long-term growth drivers.
- Management described Hotels as the company's next major growth engine, supported by continued investments in supply, product development, and customer experience.
Key Takeaway
ixigo delivered a strong Q2 FY27 led by robust growth in Flights and Bus, while its Hotels segment emerged as the standout performer, recording triple-digit growth and positioning itself as a significant future revenue driver for the company.
