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Le Travenues Technology Limited, which owns and operates traveltech platform ixigo, reported its strongest financial performance to date for the quarter and year ended March 31, 2025, posting robust growth across all core business metrics.
The company’s Q4 FY25 revenue from operations rose 72% year-on-year to Rs 284.1 crore, while Gross Transaction Value (GTV) grew 65% YoY to Rs 4,418.4 crore, driven by strong traction in flight and bus bookings. Profit after tax for the quarter more than doubled to Rs 16.8 crore, reflecting a 128% year-on-year jump.
Growth across segments
Ixigo saw GTV in its flights and bus verticals grow 92% YoY, while its rail ticketing segment—traditionally its core strength—grew 41% YoY in Q4. Contribution margin for the quarter increased 69% to Rs 120.9 crore, while EBITDA rose 64% to Rs 30.7 crore.
The company also reported adjusted EBITDA (excluding ESOP expenses and other income) of Rs 29.1 crore, up 70% from Rs 17.1 crore a year ago. Profit before tax and exceptional items stood at Rs 27.2 crore, up 74% YoY, further cementing Ixigo’s shift from high-growth to a hybrid of growth with operating discipline.
FY25 results
ixigo recorded Rs 914.2 crore in revenue, up from Rs 655.9 crore in FY24, and a total GTV of Rs 14,971.6 crore. The company’s adjusted EBITDA rose 71% YoY, indicating improved financial leverage. Profit after tax for the year came in at Rs 60 crore, down about 18% from Rs 73.1 crore in FY24. Cash flow from operations stood at Rs 122 crore, reflecting strong internal accruals.
Ixigo continues to position itself as India’s leading OTA catering to price-sensitive and underserved users, particularly in tier II/III cities and the rail travel segment, where it retains strong dominance through the ixigo, ConfirmTkt, and AbhiBus platforms.
The company reported over 48 crore annual active users in FY24 and claims to serve 544 million travellers annually across its digital ecosystem. Since launching in 2007, Ixigo has steadily evolved from a travel search tool to a full-stack transaction and utility platform across rail, bus, flight, hotel, and cab bookings.
“Our outstanding growth in categories such as flights and buses stems from a unique playbook that combines a customer-centric approach, ability to cross-sell and up-sell to a unique captive user-base, a tech-centric DNA, AI-driven efficiency and enhanced brand awareness — all while maintaining healthy margins. We’re also seeing operating leverage kick in as demonstrated in our robust cash flow from operations amounting to Rs. 122 crores in FY25,” said Rajnish Kumar, Group Co-CEO, ixigo and Aloke Bajpai, Group CEO.
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