Travel Support Services company LE Travenues Technology announced Q2FY25 results Gross Transaction Value (GTV) crossed Rs 35,287.40 million in Q2FY25, growing by 40% YoY. Train & Flight GTV expansion grew 36% YoY & 43% YoY respectively and Bus GTV expansion grew 46% YoY for Q2FY25 vs Q2FY24. Revenue From Operations grew by 26% YoY in Q2FY25 to Rs 2,064.70 million from Rs 1,639.16 million in Q2FY24. Contribution Margin (CM) increased by 24% YoY for Q2FY25, reaching Rs 910.82 million. CM as a % of Revenue from Operations decreased from 45% in Q2FY24 to 44% in Q2FY25. EBITDA increased by 655% to Rs 224.07 million for Q2FY25 as compared to the same period in the previous year. Adjusted EBITDA (EBITDA plus ESOP Expenses less Other Income) increased to Rs 209.96 million for Q2FY25, an increase of 326% from Rs 49.23 million in Q2FY24. Profit Before Tax and exceptional items is at Rs 175.15 million in Q2FY25 as compared to (Rs 34.48) million in Q2FY24 resulting in an improvement of Rs 209.63 million on YoY basis. Profit After Tax is at Rs 130.85 million in Q2FY25 as compared to Rs 267.01 million in Q2FY24, impacted due to deferred tax cost of Rs 52.38 million in Q2FY25 (Rs -4.28 million in Q2FY24), Share of loss of associate of Rs 19.32 million (Rs 7.53 million in Q2FY24) and exceptional income of Rs 297.21 million recognised last year in Q2FY24. Result PDF
Travel Support Services company LE Travenues Technology announced Q1FY25 results: Financial Highlights: Gross Transaction Value (GTV) crossed Rs 2,988 crore in Q1FY25, growing by 27% YoY. Train & Flight GTV expansion of 28% YoY and Bus GTV expansion of 16% YoY for Q1FY25 vs Q1FY24. Revenue From Operations grew by 16% YoY in Q1FY25 to Rs 181.9 crore from Rs 156.6 crore in Q1FY24. Contribution Margin (CM) increased by 22% YoY for Q1FY25, reaching Rs 86.8 crore. CM as a % of Revenue from Operations increased from 45% in Q1FY24 to 48% in Q1FY25. EBITDA increased by 62% to Rs 19.2 crore for Q1FY25 as compared to the same period in the previous year. Adjusted EBITDA (EBITDA plus ESOP Expenses less Other Income) increased to Rs 20.3 crore. for Q1FY25, an increase of 48% from Rs 13.7 crore in Q1FY24. Profit After Tax grew by 78% YoY in Q1FY25 to Rs 14.9 crore, compared to Rs 8.4 crore in Q1FY24. Commenting on the results, Aloke Bajpai, Group CEO & Rajnish Kumar, Group Co-CEO, ixigo, stated: “We are pleased to report continued momentum in our growth in Q1FY25, with an all-time high GTV, Revenue from Operations, Contribution Margin & Adjusted EBITDA for the quarter. We continue to expand rapidly and improve our market share and at the same time have been able to improve our profitability. We believe the government initiatives on infrastructure, capacity creation and spiritual tourism are set to benefit our sector.” Saurabh Devendra Singh, Group CFO, ixigo, added: “Our financial results for Q1FY25 are a testament to our disciplined approach of balancing growth and profitability. We remain committed to growing responsibly and balancing profitability with growth given we will continue investing into initiatives that help us in the long term.” Result PDF