Le Travenues Technology Ltd

Le Travenues Technology Ltd has released its unaudited financial results for the quarter and half-year ended September 30, 2026. The company, operating under the brand name ixigo, is focused on empowering travelers through technology for planning, booking, and managing trips across flights, hotels, trains, and buses. The earnings release highlights their vision to be the most customer-centric travel company and details their 'Peace of Mind' offerings, including dynamic AI-based pricing for value-added services and ancillary attach rates.

Le Travenues Technology Ltd (ixigo) announced its Q2 FY27 financial results, reporting an all-time high Profit After Tax (PAT) of ₹63.42 Cr. This was partly aided by the partial sale of stake in Freshbus. The company's Gross Transaction Value (GTV) grew 22% YoY to ₹5,304.47 Cr, and Revenue from Operations increased 13% YoY to ₹320.96 Cr. The Hotels business emerged as a significant growth driver, with GTV soaring 159% YoY to ₹111.34 Cr and room nights booked growing 295% YoY to over 4.7 Lakhs. Flight and Bus segments also showed strong GTV growth of 37% and 32% YoY, respectively. ixigo continues to invest in Hotels and AI for long-term growth.

Le Travenues Technology Ltd has submitted its Monitoring Agency Report for the quarter ended September 30, 2026. Issued by CARE Ratings Limited, the report confirms nil deviation from the objects of the preferential issue, which aggregated to Rs. 1295.56 crore. The report was reviewed by the Audit Committee and is in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company will also make this disclosure available on its investor website.

Le Travenues Technology Limited's board of directors met on October 17, 2026, to approve the unaudited financial results for the quarter and half-year ended September 30, 2026, along with limited review reports. The board also approved the allotment of 173,780 equity shares pursuant to the exercise of stock options under various ESOP schemes. This resulted in an increase in the company's paid-up share capital. Additionally, PricewaterhouseCoopers Services LLP was re-appointed as the Internal Auditors for the financial year ending March 31, 2027. The trading window will reopen on October 20, 2026.

Le Travenues Technology (ixigo) swung to a consolidated net profit of ₹63.42 Cr in Q2 FY27, against a loss of ₹3.46 Cr in Q2 FY26 — a genuine YoY turnaround even after stripping out the quarter's one-off. Revenue from operations grew 13.5% YoY to ₹320.96 Cr but fell 10.0% QoQ from ₹356.75 Cr in Q1 FY27, landing below the ₹350–360 Cr range our pre-result preview had flagged as on-plan; GTV-linked topline growth clearly decelerated from the summer-travel-driven Q1 peak. The headline PAT is inflated by a ₹40.66 Cr exceptional gain (Note 7) booked on the August 13, 2026 sale of Freshbus CCPS — ₹25.76 Cr gain on sale plus ₹12.24 Cr fair-value remeasurement of the retained stake — after which Freshbus ceased to be an associate. Stripping this out (tax-adjusted at the quarter's ~11.5% effective rate), underlying PAT was ~₹27.5 Cr: still clears last year's loss, but down roughly 20% from Q1 FY27's ₹34.24 Cr, which carried no exceptional item — a sequential compression, not the margin hold the preview's "can margins hold" framing was testing for. Reported NPM (net profit/total income) rose to 18.5% from 8.9% in Q1, but adjusted NPM was ~8.0%, essentially flat-to-softer QoQ. That adjusted ~₹27.5 Cr PAT does sit inside the preview's expected ₹25–30 Cr range, so on an underlying basis profit was in-line even as revenue missed. By segment, Flight revenue fell 20.9% QoQ to ₹82.66 Cr and Bus fell 21.0% QoQ to ₹81.04 Cr, while Train grew 8.5% QoQ to ₹149.14 Cr; Hotel revenue jumped to ₹8.10 Cr (3.7x QoQ) after the consolidation of Brevistay Hospitality (54.66% stake, consolidated effective July 1, 2026), though Hotel remained loss-making at ₹(1.21) Cr at the segment-result level. The Board also allotted 173,780 ESOP shares and raised authorised share capital to ₹100 Cr this quarter, and the company carries an unresolved ₹23.79 Cr tax show-cause notice received September 30, 2026, not reflected as a provision in this quarter's ₹8.28 Cr consolidated tax expense. Management gave no formal numeric FY27 guidance on the Q1 call — only a multi-year ambition to be a top travel platform in 4–5 years — so there is no specific target to grade this print against. Standalone PAT of ₹57.84 Cr tracked close to consolidated ₹63.42 Cr, with no material divergence between the two bases.

Le Travenues Technology Ltd has announced that its Board of Directors will convene on October 17, 2026, to consider and approve the financial results for the quarter and half year ended September 30, 2026. The company will also host an earnings conference call on October 19, 2026, at 04:15 PM IST to discuss these results. The financial results will be available on the company's website and stock exchange websites after the board meeting.

Le Travenues Technology Ltd announced an increase in its authorised share capital from ₹501,700,000 to ₹1,000,000,000. This was approved by the members at the Twentieth Annual General Meeting held on September 30, 2026. The authorised share capital will now be divided into 990,000,000 Equity Shares of ₹1/- each and 1,000,000 Preference Shares of ₹10/- each. This change necessitates a consequent alteration to the Capital Clause (Clause V) of the Company's Memorandum of Association. The announcement follows up on a previous communication dated August 06, 2026, regarding the outcome of a Board Meeting.

Le Travenues Technology Ltd has received a Show Cause Notice dated September 29, 2026, from the Office of the Assistant Commissioner of Commercial Taxes, Bangalore, Government of Karnataka. The notice alleges contravention of KGST/CGST Act, 2017 and IGST Act, 2017, pertaining to the financial year 2022-23. The authorities contend that the company should pay GST at 18% on its IT and online advertisement services, rather than the 5% applicable to passenger transportation services, which the company classifies its core business as. The proposed demand amounts to ₹237,950,666/- (₹23.79 Crore), including tax, interest, and penalty. The company believes it has a strong case, citing a similar notice for FY 2021-22 on the same issue, which was dropped after the company's submissions. Le Travenues Technology plans to submit a comprehensive response with its tax advisors within the prescribed timelines.

Le Travenues Technology Limited has announced the closure of its trading window for designated persons and their immediate relatives. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's code of conduct. The window will be shut from Wednesday, September 30, 2026. Trading in the company's securities is prohibited for these individuals during this period. The trading window is expected to reopen 48 hours after the submission of financial results for the quarter and half-year ended September 30, 2026, which is anticipated on or before November 14, 2026. Further notification will be provided upon reopening.

Le Travenues Technology Ltd has filed its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26. The report details the company's operations, including its primary business activities which are travel agency and tour operator services, accounting for 100% of its turnover. Key revenue streams include ticketing (91.32%), advertising (5.91%), and other operating revenue (2.77%). The company operates on a standalone reporting basis and serves both B2C and B2B segments across India and internationally. The BRSR will be available on the company's investor website.