Le Travenues Technology Limited — Updates, 28-01-2025: Press Release

Le Travenues Technology Limited (ixigo) reported impressive financial performance for Q3 FY25, achieving record Gross Transaction Value (GTV) of Rs. 4036.3 Cr, reflecting a remarkable 48% year-on-year (YoY) growth. Revenue from operations surged 42% YoY to Rs. 241.8 Cr, while EBITDA rose by 36% to Rs. 26.6 Cr. Profit Before Tax increased 46% YoY to Rs. 23.3 Cr, although Profit After Tax decreased to Rs. 15.5 Cr due to a deferred tax expense shift compared to the previous year.

In operations, ixigo successfully launched its ‘Travel Guarantee’ feature, onboarding Indian cricket star Rohit Sharma as brand ambassador to extend their reach. They also expanded their bus supply network significantly and introduced a comprehensive guide for the Maha Kumbh 2025. Management expressed optimism about future growth, emphasizing strong market share gains and ongoing investments in new technology and services, positioning ixigo for accelerated growth in the mid-term. Investors should keep a close watch on ixigo's robust trajectory and strategic initiatives.