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Le Travenues Technology (ixigo) delivered a strong Q4 and FY’25, with GTV jumping 65% QoQ to INR 4,418 Cr and 46% YoY to INR 14,972 Cr. Revenue grew 72% QoQ to INR 284 Cr, up 39% YoY to INR 914 Cr. Contribution margin rose sharply, reaching INR 121 Cr, though margin dipped to 42.5% due to growth investments. Adjusted EBITDA improved to INR 29 Cr in Q4 and INR 95 Cr annually; PAT doubled QoQ to INR 17 Cr despite full-year decline from one-offs.
The bus segment showed 78% YoY passenger growth, contributing 33% of margin, while flights rose 92% YoY in GTV with better margins from AI-led pricing. Trains grew 41% YoY despite slight margin pressure from new offerings. User engagement remains strong with 83 million monthly active users and 3.7 million monthly transacting users, supported by AI-driven personalization and higher loyalty. Management is focused on premiumization, expanding market reach, and leveraging technology for long-term sustainable growth.