Conference Call with LE Travenues Technology Management and Analysts on Q4FY26 & Full Year Performance and Outlook. Listen to the full earnings transcript.
Travel Support Services company LE Travenues Technology announced Q4FY26 & FY26 results Consolidated Financial Highlights: Total Income: For Q4FY26, the total income was Rs 3,268.15 million, reflecting a QoQ decrease of 2.77% (from Rs 3,361.14 million in Q3FY26) and a YoY increase of 12.66% (from Rs 2,900.79 million in Q4FY25). For FY26, total income stood at Rs 12,753.46 million compared to Rs 9,322.66 million in FY25, representing a YoY increase of 36.80%. Revenue from Operations: For Q4FY26, revenue stood at Rs 3,080.49 million, down 3.65% QoQ (from Rs 3,197.04 million in Q3FY26) but up 8.42% YoY (from Rs 2,841.37 million in Q4FY25). For FY26, revenue was Rs 12,280.39 million, marking a YoY increase of 34.32% from Rs 9,142.46 million in FY25. Net Profit: For Q4FY26, net profit was Rs 320.50 million, showing a QoQ growth of 33.81% (from Rs 239.51 million in Q3FY26) and a YoY growth of 91.10% (from Rs 167.71 million in Q4FY25). For FY26, net profit reached Rs 714.81 million compared to Rs 602.52 million in FY25, an increase of 18.64%. Standalone Financial Highlights: Total Income: For Q4FY26, standalone total income was Rs 3,178.85 million, a decrease of 4.11% QoQ (from Rs 3,315.07 million in Q3FY26) but an increase of 10.61% YoY (from Rs 2,873.83 million in Q4FY25). For FY26, total income was Rs 12,546.66 million, up 35.11% YoY compared to Rs 9,286.04 million in FY25. Revenue from Operations: For Q4FY26, standalone revenue was Rs 2,990.07 million, reflecting a QoQ decrease of 5.18% (from Rs 3,153.52 million in Q3FY26) and a YoY increase of 6.23% (from Rs 2,814.67 million in Q4FY25). For FY26, revenue from operations reached Rs 12,075.07 million, marking a YoY increase of 32.60% from Rs 9,106.20 million in FY25. Net Profit: For Q4FY26, standalone net profit was Rs 374.24 million, representing a QoQ growth of 36.98% (from Rs 273.20 million in Q3FY26) and a YoY growth of 86.01% (from Rs 201.19 million in Q4FY25). For FY26, standalone net profit was Rs 962.11 million compared to Rs 634.50 million in FY25, an increase of 51.63%. Business Highlights: Segment Performance: Flight: FY26 revenue reached Rs 3,906.78 million, up from Rs 2,533.93 million in FY25. Train: FY26 revenue stood at Rs 5,112.57 million, up from Rs 4,569.02 million in FY25. Bus: FY26 revenue was Rs 2,979.95 million, up from Rs 1,969.24 million in FY25. Others: FY26 revenue reached Rs 281.09 million, up from Rs 70.27 million in FY25. International Expansion & Acquisitions: The Company incorporated a wholly-owned subsidiary, IXIGO PTE. LTD., in Singapore on December 18, 2025. IXIGO PTE. LTD. entered into an agreement on February 13, 2026, to acquire a 60% stake in Online Travel Solutions, S.L. ("Trenes") for a cash consideration of USD 11.70 million. Trenes became a subsidiary of the group with effect from February 25, 2026. Employee Stock Options: The Board approved the allotment of 485,584 fully paid-up equity shares (face value Rs 1/- each) following the exercise of stock options under various ESOP schemes (2012, 2013, 2016, 2020, 2021, and 2024). Consequently, the paid-up share capital increased to Rs 438,669,111/-. Statutory Impact: The group recognized an incremental impact of Rs 27.96 million as an "Exceptional Item" in FY26 due to the notification of new Labour Codes, which resulted in an increase in gratuity and leave liabilities. IPO Proceeds: The company utilized Rs 1,111.08 million of its net IPO proceeds by March 31, 2026, primarily for funding working capital requirements, cloud infrastructure, and funding inorganic growth. Preferential Allotment: During FY26, the company completed a preferential issue of 4,62,70,092 equity shares at Rs 280 per share, aggregating to Rs 12,955.63 million. Of this, Rs 5,547.70 million was utilized by March 31, 2026, for organic and inorganic growth opportunities and working capital requirements. Aloke Bajpai, Group CEO, ixigo & Rajnish Kumar, Group Co-CEO, said: “In FY26 we achieved 34% revenue growth and 28% Adj. EBITDA growth YoY. Q4 maintained our growth trajectory with market-share gains, despite the high base-effect of MahaKumbh last year and the current Middle-East crisis. The next phase of our journey is all about reinventing our org as well as customer experience, by putting AI at the core. ixigo NEXT is just a sneak peek of the agentic AI capabilities we’re working on.” Saurabh Devendra Singh, Group CFO, ixigo, said: “FY26 demonstrated the advantage of having a diversified business supported by resilient growth engines. Even in Q4 FY26, despite a high base effect, we delivered a resilient performance. For me, the biggest highlight of the year was our operating discipline and cash conversion.“ Result PDF