ixigo Shares Fall Nearly 13% After Q1 FY2026-27 Results

Online travel platform ixigo reported higher revenue, GTV and PAT in Q1 FY27 despite what the company described as a challenging operating environment. The June quarter saw the GTV reach ₹5,524.33 Cr., up 19% from last year. Revenue from operations followed with a 13% rise to ₹356.75 Cr. Contribution margin also rose 13% to ₹144.94 Cr.

The company had a strong quarter on the earnings front. Profit before tax grew 68% from a year ago, while profit after tax jumped 81% to a record ₹34.24 Cr. EBITDA also rose 65% to ₹53.52 Cr.

Which ixigo Business Segments Drove Q1 FY27 Growth?

Bus business stood out for ixigo this quarter. GTV jumped 39%, and revenue grew 34% compared with the same period last year. The company said its work on customer experience, new bus operator partnerships, and expansion across India helped drive the increase.

Other business segments also recorded key developments:

• Flights: GTV increased 27%, making flights ixigo’s largest vertical by GTV. That came despite higher domestic ticket prices and a less steady international travel market.

• Trains: The segment maintained a 63% market share in the online travel agency segment while improving contribution margins.

• Hotels: ixigo recorded 5 lakh room nights during the quarter. Its direct hotel network expanded beyond 10,000 properties across 700 Indian towns. Overall supply crossed 70,000 domestic properties and 1 million properties globally.

ixigo Is Expanding Its Hotels Business

Hotels emerged as ixigo’s fastest-growing business line during Q1 FY27. The company expanded its presence by acquiring a 54.66% majority stake in flexible-stay platform Brevistay.

Group CEO Aloke Bajpai and Group Co-CEO Rajnish Kumar said the company is continuing to invest in growth and customer experience, particularly as its hotels business expands its direct supply and room nights. Group CFO Saurabh Devendra Singh flagged potential volatility until the Iran conflict is fully resolved. He said the company is using the uncertain environment to strengthen its core operations, expand market share and invest in hotels and its AI-focused initiatives.

How Did ixigo Share Price React?

On 7 August, following ixigo Q1 results, Le Travenues Technology stock had opened at ₹196, compared with its previous close of ₹202.67 as per the National Stock Exchange (NSE). During the session, the stock moved between a high of ₹199.73 and a low of ₹171.48. The share price movement came even as the company reported YoY growth across key Q1 FY27 financial metrics, including revenue, EBITDA and PAT.

What Do ixigo’s Q1 FY27 Numbers Show?

ixigo’s Q1 results 2026 showed YoY increases across GTV, revenue, contribution margin, EBITDA, PBT and PAT. The bus business recorded the highest GTV growth among the segments covered, while flights became the company’s largest vertical by GTV and hotels continued to expand following the Brevistay acquisition.

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