ixigo Reports Strong Q2 Performance with 37% Revenue Growth and Strong Gains in Air and Bus Segments, ETTravelWorld

Image credit – iStock-2199802642

Le Travenues Technology, India’s leading AI-powered travel platform, announced its financial results for the quarter ending September 30, 2025, recording continued growth across key business segments. The company recorded a strong performance in the second quarter of fiscal 2026, driven by continued expansion in the aviation, coach and fixed-route segments of train bookings.

For 2QFY26, ixigo registered a 37 percent year-on-year increase in operating revenue to INR 282.7 crore, with gross transaction value (GTV) rising 23 percent to INR 4,347.5 crore. Flight GTV grew 29 percent year-on-year, Bus GTV was up 51 percent, and Train GTV was up 12 percent, reflecting market share gains across all major travel categories.

The company generated adjusted EBITDA of INR 28.5 lakh crore, an increase of 36 per cent year-on-year, and generated INR 91.5 lakh crore in cash flow from operations during the first half of FY26, an increase of 30 per cent over the previous year. Profit before tax, share of loss of associates and exceptional items was INR 2.5 Crores, including one-time non-cash corporate share plan expense of INR 26.9 Crores. Excluding this one-time impact, pre-tax profit was INR 24.4 lakh crore, up 26% year-on-year.

Rajneesh Kumar, Group Co-CEO, and Alok Bajpai, Group CEO of ixigo, said: “Despite the capacity headwinds in the second quarter, ixigo continued to grow faster than the overall market across all areas of the business. Our buses and flights led growth while trains maintained OTA leadership. The fundraising has strengthened our balance sheet as we focus on delivering the best AI-first travel experience and expanding into new markets.”

Saurabh Devendra Singh, Group CFO, added, “This was not an easy quarter, yet we continued to grow profitably. Our results reflect the customer empathy, product innovation, and agility that define ixigo’s DNA – qualities that will support sustainable growth for years to come.”

During the quarter, ixigo expanded its ecosystem through multiple partnerships and technology upgrades. It has collaborated with Delhi Metro Rail Corporation (DMRC) and ONDC to launch QR-based metro tickets on ixigo and ConfirmTkt trains, providing seamless in-app travel experiences. AbhiBus, a group company, has expanded its network by adding seven additional government road transport companies, bringing the total number to 17.

Furthermore, ixigo has introduced smart AI filters for flight searches and an upgraded Train Alternates feature that recommends better travel options via routes, stations and dates. The company has also rolled out Aadhaar-based IRCTC authentication to simplify train bookings and has partnered with HDFC Bank to enable exclusive train ticketing services on the HDFC SmartBuy platform.

Join a 2M+ community of industry professionals.

Sign up for our newsletter to get the latest insights and analysis in your inbox.

Everything about the ETTravelWorld industry directly on your smartphone!