Le Travenues Technology Ltd
NSE:IXIGO
Le Travenues Technology Ltd
ixigo is an intelligent, AI-based travel app with over 150 million users. The company is headquartered in Gurgaon, Haryana. The company went IPO on 2024-06-18. The firm's segments include Flight ticketing, Train ticketing, Bus ticketing, and Other services. Flight ticketing segment through the Internet and mobile-based platforms and call-centers provides the facility to book and service domestic and international air tickets to ultimate consumer through business to consumer (B2C) and business to business to consumer channel (B2B2C). Train ticketing segment through the Internet and mobile-based platforms and call-centers provides the facility to book and service train tickets to consumers through B2C and B2B2C. Bus ticketing segment through the Internet and mobile-based platforms and call-centers provides a facility to book and service bus tickets to consumer through B2C and B2B2C channel.
ixigo is an intelligent, AI-based travel app with over 150 million users. The company is headquartered in Gurgaon, Haryana. The company went IPO on 2024-06-18. The firm's segments include Flight ticketing, Train ticketing, Bus ticketing, and Other services. Flight ticketing segment through the Internet and mobile-based platforms and call-centers provides the facility to book and service domestic and international air tickets to ultimate consumer through business to consumer (B2C) and business to business to consumer channel (B2B2C). Train ticketing segment through the Internet and mobile-based platforms and call-centers provides the facility to book and service train tickets to consumers through B2C and B2B2C. Bus ticketing segment through the Internet and mobile-based platforms and call-centers provides a facility to book and service bus tickets to consumer through B2C and B2B2C channel.
Record Revenue: ixigo delivered all-time high revenue from operations of INR 317.6 crores in Q3, up 31% year-on-year.
Profit Surge: Profit after tax rose sharply to INR 24 crores, up 64% from last year, supported by strong execution and operating leverage.
Flight Resilience: Despite major flight industry disruptions in December, ixigo's flights GTV grew 22% and flight revenue surged 49% year-on-year, with strong market share gains.
Bus Growth Focus: The bus segment continued rapid growth, with GTV up nearly 6x since acquisition and compounding at 40–50% annually, though margins moderated due to investments in growth and customer experience.
AI Investments: The company highlighted its AI-led strategy, including handling 90% of December's peak call volumes with AI, maintaining high customer satisfaction even during crisis periods.
International Expansion: International flights GTV grew over 50% and now account for more than 20% of flights GTV, with demand surging from Tier 2 and 3 cities.
Hotel Business Cautious: Efforts to scale hotels focus on product-market fit and direct supply, with no rush to accelerate spending until customer experience issues are resolved.
Outlook: Management remains focused on long-term growth and high-impact AI or travel tech investments, with a prudent capital allocation approach.
