Le Travenues Technology Swings to Q2 Profit on Hotel Surge and Freshbus Stake Sale
Travel booking operator Le Travenues Technology Limited (NSE:IXIGO), the company behind ixigo, returned to profitability in the second quarter of fiscal 2027. Consolidated net profit reached a record Rs 63.42 crore for the three months through September, reversing a loss of Rs 3.46 crore during the same timeframe last year. Top-line revenue from operations climbed 13 percent to Rs 320.96 crore compared to Rs 284.23 crore a year prior, while total costs expanded to Rs 309.51 crore from Rs 291.89 crore.
The bottom-line turnaround was boosted by gains from divestment of a partial stake in Freshbus alongside expanding customer transactions. Total gross transaction value rose 22 percent year-over-year to Rs 5,304 crore. The hotel booking division served as the primary growth engine, expanding transaction volume by 159 percent to Rs 111.34 crore during its initial quarter as a standalone reporting segment.
Top executives, including Chief Executive Aloke Bajpai, Co-CEO Rajnish Kumar, and Financial Officer Saurabh Devendra Singh, highlighted that future capital allocation will prioritize hotel expansion and artificial intelligence integrations to support long-term business goals. Following the earnings update, shares traded up 4.59 percent at 144.5 INR.
Key points
- Le Travenues Technology recorded a Q2 net profit of Rs 63.42 crore, swinging from a Rs 3.46 crore loss a year ago.
- Operating revenue grew 13 percent year-over-year to Rs 320.96 crore, while overall transaction value rose 22 percent to Rs 5,304 crore.
- Hotel transaction value surged 159 percent to Rs 111.34 crore in its first quarter as an independent segment.
- Earnings benefited from the partial sale of the company's equity stake in Freshbus.
- Management plans to target future investments toward artificial intelligence and hotel booking expansion.
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What were ixigo's financial results for Q2 FY27?
Le Travenues Technology, which runs ixigo, reported a consolidated net profit of Rs 63.42 crore for the September quarter, recovering from a loss of Rs 3.46 crore in the prior-year period. Operational revenue increased 13 percent to Rs 320.96 crore.
Why did ixigo's profit increase in the September quarter?
The earnings growth was driven by higher travel bookings, a 159 percent surge in hotel transaction value, and proceeds from selling a portion of its holding in Freshbus.
Where does ixigo plan to invest for future growth?
Company leadership stated that future growth strategy will center on expanding its hotel division and developing artificial intelligence capabilities.