ixigo Q4 FY26: Revenue ₹308 Crore, PAT ₹32 Crore; AI-native Transformation Unveiled
ixigo reported Q4 FY26 revenue of ₹308 crore and PAT of ₹32 crore. For FY26, revenue grew 34% to ₹1,228 crore, and PAT was ₹71 crore. The company is transforming into an AI-native organization with the launch of ixigo NEXT, aiming for a reinvention of the travel experience. Buses and flights showed strong GTV growth.
The announcement details significant financial performance and a major strategic shift towards AI-native operations, which is expected to have a substantial impact on the company's future growth and market position.
The company reported strong financial growth, with increases in revenue, EBITDA, and PAT. The introduction of AI-native features and strategic partnerships indicates a forward-looking approach, which is positive.
Le Travenues Technology Limited (ixigo) announced its financial results for the quarter and financial year ended March 31, 2026. The company conducted an Earnings Call on May 21, 2026, to discuss these results.
In FY26, ixigo Group reported a 34% revenue growth and 28% adjusted EBITDA growth year-on-year, with Gross Transaction Value (GTV) exceeding ₹18,693 crore (approximately USD2 billion). Revenue from operations stood at ₹1,228 crore, contribution margin at ₹474 crore, adjusted EBITDA at ₹121 crore, and cash flow from operations reached a record ₹96 crore, a 60% increase YoY. Profit after tax for the full year was ₹71 crore.
For Q4 FY26, ixigo continued its growth trajectory, achieving ₹4,798 crore in GTV and ₹308 crore in revenue from operations. The contribution margin was ₹121 crore, and adjusted EBITDA was over ₹30 crore. The company reported its highest-ever quarterly Profit After Tax (PAT) of ₹32 crore.
The company highlighted a diversified business model with buses becoming the largest vertical by contribution margin and flights by GTV. Buses saw 32% growth in the passenger segment and 26% growth in GTV. Flights recorded ₹2,018 crore in GTV, with a 14% passenger segment growth and 18% GTV growth, outperforming the market.
Trains, despite facing some volume and GTV compression due to industry and policy changes, continued to see OTA market share gains. Hotels are being developed with a focus on product-market fit and operational maturity.
A significant announcement was the company's strategic shift towards becoming an "AI-native" organization, introducing "ixigo NEXT." This new operating layer integrates proprietary language models, deep traveler context, real-time supply intelligence, and a proprietary intelligence stack. The company emphasized that ixigo NEXT is not just a chatbot but a fundamental reinvention of the travel experience, making apps more intuitive, personalized, and accessible across different user segments.
Financially for Q4 FY26, GTV was ₹4,797.7 crore (up 9% YoY), revenue from operations was ₹308.1 crore (up 8% YoY), contribution margin was ₹121.4 crore (up 0.4% YoY), adjusted EBITDA was ₹30.3 crore (up 4% YoY), and PAT was ₹32.1 crore (up 91% YoY).
For the full year FY26, GTV was ₹18,692.7 crore (up 25% YoY), revenue from operations was ₹1,228 crore (up 34% YoY), contribution margin was ₹474.3 crore (up 18% YoY), adjusted EBITDA was ₹120.9 crore (up 28% YoY), PAT was ₹71.5 crore (up 19% YoY), and cash flow from operations was ₹195.7 crore (up 60% YoY).
The company also noted strategic partnerships, including AbhiBus partnering with KSRTC and enabling bookings on the Uber app, ConfirmTkt launching an AI-powered seat finder, and scaling the food-on-trains delivery business with Swiggy. Metro ticketing for Delhi, Mumbai, and Bengaluru was launched, and ixigo, ConfirmTkt, and AbhiBus became native apps on ChatGPT.
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