Le Travenues Technology Limited — Investor Meet, 05-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

ixigo reported Q2 FY26 revenue of INR 282.7 Cr (+37% YoY) and GTV of INR 4347.5 Cr (+23% YoY), with adjusted EBITDA at INR 28.5 Cr (+36% YoY). PAT was negative INR 3.5 Cr, primarily due to a one-off ESOP charge. Despite a contracting flight market, flight GTV grew 29%, and bus GTV surged 51%. The train segment faced ecosystem adjustments impacting growth. ixigo is raising INR 1,296 Cr from Prosus to strengthen its balance sheet, accelerate AI-led growth, and invest in hotels. Management highlighted resilience in a tough quarter and a strategic focus on AI-first experiences, hotel expansion, and disciplined acquisitions for future growth. Q3 macro environment shows early signs of improvement.