Ixigo's parent company, Le Travenues Technology, reported an 8.5% increase in operating revenue for the March quarter, reaching Rs 308 crore, while profit after tax nearly doubled to Rs 32 crore, highlighting robust growth despite ongoing international travel disruptions.
- Q4 operating revenue rose 8.5% to Rs 308 crore
- Profit after tax surged 91% to Rs 32 crore
- Multi-modal strategy includes trains, buses, and flights
What happened
For the quarter ending in March, Le Travenues Technology, the parent company of the travel platform Ixigo, posted an 8.5% year-on-year increase in operating revenue, reaching Rs 308 crore. Profit after tax jumped 91% to Rs 32 crore, reflecting significant margin improvements compared to the previous year.
The company also recorded Rs 19 crore in interest income and capital gains from financial assets, bringing total income for the quarter to Rs 327 crore. This positive performance follows a previous quarter marked by a 31% increase in revenue and Rs 24 crore profit, underscoring a sustained upward trend.
Why it matters
Ixigo’s multi-modal approach, involving buses supplementing weaker train demand and flights gaining share within a tough aviation market, has driven the company’s growth. Additionally, the deployment of artificial intelligence to reduce operational costs has helped improve profitability even during slowdowns in specific segments.
Despite fluctuations in global travel influenced by geopolitical issues like the ongoing Middle East conflict and India-Pakistan tensions, domestic travel demand in India remains strong. This resilience positions Ixigo well for capitalizing on seasonal travel peaks and recovering international segments as conditions improve.
What to watch next
Investors and market watchers should monitor how Ixigo manages growth amid international route challenges and competitive pressures in domestic travel. The company's ability to continue leveraging AI for operational efficiency and expanding its multi-modal offerings will be key to sustaining momentum.
Further attention should be given to how geopolitical developments affect international air travel demand and fares, as noted by CEO Aloke Bajpai. Finally, the performance of Ixigo’s stock, recently up slightly and valued at Rs 7,147 crore in market capitalization, will provide insight into investor confidence following a significant stake acquisition by Prosus last year.