Ixigo Reports Strong Revenue Growth in Q2 Despite One-Time Loss

Le Travenues Technology Ltd, the parent company of travel tech platform Ixigo, delivered a robust Q2 FY26 performance with revenue from operations rising 37% YoY to ₹2.83 billion. Despite the growth, the company reported a net loss of ₹31.8 million, attributed to a one-time ESOP accounting charge of ₹269.3 million and a ₹14.7 million loss from its associate firm, Freshbus.

Ixigo’s Gross Transaction Value (GTV) grew 23% YoY, with buses and flights contributing 51% and 29% growth respectively. Excluding exceptional items, profit before tax would have increased 26% YoY to ₹244.4 million. The company emphasized its continued focus on expanding AI-first travel solutions and strengthening its balance sheet following a recent fundraise.

Key highlights and major takeaways

• Revenue from operations: ₹2.83 billion, up 37% YoY  
• Net loss: ₹31.8 million due to one-time ESOP cost  
• GTV growth: 23% YoY; buses up 51%, flights up 29%  
• Adjusted profit before tax: ₹244.4 million (excluding exceptional items)  
• Strategic focus: AI-first travel experience and market expansion  

Sources: YourStory, Moneycontrol, Economic Times, Business Standard, Entrackr