Gurugram, January 28, 2025 – Le Travenues Technology Limited (Ixigo) (NSE: IXIGO, BSE: 544192) has announced its Q3 FY25 financial results, reporting a 42% year-on-year (YoY) increase in revenue, reaching ₹2,417.61 million, while net profit stood at ₹155.24 crore, reflecting the company’s stronghold in the online travel aggregation (OTA) market.
Key Financial Highlights – Q3 FY25 (Consolidated)
| Metric | Q3 FY25 | Q3 FY24 | YoY Change |
|---|---|---|---|
| Revenue from Operations | ₹2,417.61 million | ₹1,705.48 million | +42% |
| Gross Transaction Value (GTV) | ₹40,363.21 million | ₹27,276.63 million | +48% |
| Contribution Margin (CM) | ₹1,025.48 million | ₹778.70 million | +32% |
| EBITDA | ₹265.66 million | ₹195.10 million | +36% |
| Adjusted EBITDA | ₹243.37 million | ₹195.10 million | +25% |
| Profit Before Tax (PBT) | ₹233.13 million | ₹159.92 million | +46% |
| Net Profit (PAT) | ₹155.24 million | ₹130.85 million | +18.6% |
| Earnings Per Share (EPS) | ₹0.40 | ₹0.34 | +17.6% |
- Revenue: ₹6,301.09 million (+28% YoY).
- Net Profit: ₹434.81 million (+32% YoY).
Business Segment Performance
- Flight GTV Growth: 73% YoY, reflecting strong demand in air travel bookings.
- Train GTV Growth: 27% YoY, maintaining Ixigo’s leadership in the rail ticketing market.
- Bus GTV Growth: 63% YoY, demonstrating increased market penetration in intercity travel.
Key Strategic Developments
1. Expansion into AI-Powered Travel Services
- Ixigo launched AI-driven booking and pricing models to optimize fares and improve user experience.
- Personalized travel planning features integrated into the app to enhance conversion rates.
2. New Value-Added Services (VAS) Growth
- Ixigo’s Travel Guarantee service saw increased adoption, allowing users to secure alternative travel options in case of ticket cancellations.
- Introduction of Price Lock and Flight Tracker Pro to improve transparency in bookings.
3. Strengthening Financial Position
- Net cash reserves stood at ₹1,126.71 million post IPO fund utilization.
- Continued investment in technology and cloud infrastructure for platform scalability.
Management Commentary
Aloke Bajpai, Co-Founder & Group CEO, Ixigo, stated:"Our Q3 FY25 results reaffirm Ixigo’s position as the leading travel aggregator for the next billion users. We are leveraging AI and personalized recommendations to drive conversions, while our multi-modal offerings ensure seamless travel experiences."
Strategic Outlook & Market Expansion
- Focus on Tier 2 and 3 cities to cater to growing travel demand.
- Expansion of hotel bookings and cross-selling opportunities.
- Sustained investment in AI-powered travel automation.