ixigo Q1 FY27 PAT Soars 81% YoY to ₹34.24 Cr on Record GTV & Revenue
ixigo reported Q1 FY27 results with PAT at ₹34.24 Cr (+81% YoY). GTV reached ₹5,524.33 Cr (+19% YoY), and Revenue from Operations was ₹356.75 Cr (+13% YoY). The Bus business grew 39% YoY in GTV, and the Hotels segment saw significant expansion following the Brevistay acquisition.
The announcement includes strong financial results, highlighting record profits and revenue growth, alongside strategic developments like acquisitions and market share gains, which are significant for investors and the company's future outlook.
The company reported record PAT, GTV, and Revenue, with strong year-over-year growth across key segments, indicating positive financial performance and strategic progress.
Le Travenues Technology Limited (ixigo) announced its unaudited financial results for the quarter ended June 30, 2026. The company reported an all-time high Profit After Tax (PAT) of ₹34.24 crore, an 81% year-over-year increase. This was driven by a Gross Transaction Value (GTV) of ₹5,524.33 crore, up 19% YoY, and Revenue from Operations of ₹356.75 crore, up 13% YoY. The Contribution Margin also increased by 13% YoY to ₹144.94 crore.
The Bus business, Abhibus, was a key growth driver, with GTV up 39% YoY and Revenue up 34% YoY. Bus Contribution Margin soared 28% YoY. The Flights vertical also gained market share, becoming ixigo's largest segment by GTV, growing 27% YoY, despite market volatility due to the Iran conflict and higher domestic fares. Trains maintained steady market share and contribution margin improvements.
The Hotels business emerged as ixigo's fastest-growing segment, recording 0.5 million 'heads on beds' during the quarter. This growth was bolstered by the acquisition of a 54.66% majority stake in Brevistay and an expansion of its direct hotel footprint to over 10,000 properties. Overall hotel supply now exceeds 70,000 properties across India.
Management commentary highlighted the resilient growth in a challenging macro environment, with a focus on market share gains and investments in the Hotels business and AI-native future. The company anticipates continued volatility in the international flights market until the Iran conflict is fully resolved.
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