Le Travenues Technology Limited Reports 27% GTV Growth and 78% Profit Increase in Q1 FY25

On August 01, 2024, Le Travenues Technology Limited, known as India’s leading Online Travel Agency (OTA) for the Next Billion Users, released its financial results for the quarter ending June 30, 2024.

Key Performance Highlights – Q1 FY25

In Q1 FY25, Le Travenues Technology Limited achieved significant growth across various financial metrics. The Gross Transaction Value (GTV) surpassed ₹2,988 crore, reflecting a 27% year-over-year (YoY) increase, with train and flight GTV expanding by 28% YoY and bus GTV growing by 16% YoY compared to Q1 FY24.

Revenue from operations rose by 16% YoY to ₹181.9 crore, up from ₹156.6 crore in Q1 FY24. The Contribution Margin (CM) increased by 22% YoY, reaching ₹86.8 crore, and the CM as a percentage of revenue from operations improved from 45% in Q1 FY24 to 48% in Q1 FY25. EBITDA saw a substantial rise of 62%, amounting to ₹19.2 crore, while adjusted EBITDA (EBITDA plus ESOP expenses less other income) climbed by 48% to ₹20.3 crore, compared to ₹13.7 crore in Q1 FY24. Furthermore, profit after tax experienced a robust growth of 78% YoY, reaching ₹14.9 crore, up from ₹8.4 crore in Q1 FY24.

Commenting on the results, Aloke Bajpai, Group CEO and Rajnish Kumar, Group Co-CEO, ixigo, stated: “We are pleased to report continued momentum in our growth in Q1 FY25, 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, we 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.”

About Le Travenues Technology Limited

Launched in 2007 by Aloke Bajpai and Rajnish Kumar, ixigo (Le Travenues Technology Limited) is a tech company that helps Indian travellers plan, book, and manage their trips for trains, flights, buses, and hotels. With over 480 million annual active users in fiscal 2024, ixigo is India’s top online travel agency for the next billion users.

On August 02, 2024, Le Travenues Technology Ltd’s share price opened at ₹172.80, touching the day’s high at ₹177.09, as of 10:04 AM on the NSE.

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