IXIGO · price
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Awaiting price reaction for this filing.
Le Travenues Technology Ltd (brand: ixigo) submitted its first full-year Annual Report as a listed company for FY 2024-25. Gross Transaction Value (GTV) rose 46% YoY to ₹14,972 crore, while Revenue from Operations grew 39% to ₹914 crore. Adjusted EBITDA jumped 86% to about ₹99 crore, and Profit Before Tax (excluding share of associate loss and exceptional items) grew 131% to ₹86 crore, showing strong operating leverage. The business is diversified across trains (49% of GTV), flights (38%), and buses (12%), with flights GTV up 60% YoY and buses up 53%. The report also revisits the June 2024 IPO, which was oversubscribed 98x at a price band of ₹88–93 and listed at a 45–48% premium. ixigo reports 544 million annual active users, 85.8% repeat transaction rate, and 93.94% penetration in Tier II/III towns, with AI-driven tools like TARA chatbot resolving over 5 million queries.
For shareholders, the annual report reinforces ixigo's story of profitable scaling post-IPO — strong topline growth, expanding margins, and a clear Tier II/III leadership moat. The disclosure itself is a routine compliance filing (Reg 34) with no new actionable event, so near-term stock reaction is likely neutral, though the financial details can support sentiment among existing investors.