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Le Travenues Technology Q2 FY27 results: net profit ₹63.42 crore vs ₹3.46 crore loss, revenue up 13.5%
Le Travenues Technology Limited reported consolidated Q2 FY27 revenue of ₹320.96 crore, up 13.5% from the year-ago quarter, while EBITDA turned to ₹18.06 crore and net profit was ₹63.42 crore. Against Q1 FY27, revenue and EBITDA fell, but profit after tax rose as other income and a ₹40.66 crore exceptional gain supported earnings.
Key points
- Consolidated revenue was ₹320.96 crore in Q2 FY27, up 13.5% from ₹282.74 crore in Q2 FY26 but down 10.0% from ₹356.75 crore in Q1 FY27.
- EBITDA was ₹18.06 crore at a 5.6% margin, versus a loss of ₹3.72 crore and a -1.3% margin in Q2 FY26; it fell 25.9% from ₹24.37 crore in Q1 FY27.
- Net profit was ₹63.42 crore, against a net loss of ₹3.46 crore in Q2 FY26 and ₹34.24 crore in Q1 FY27; basic EPS was ₹1.37.
- H1 FY27 revenue was ₹677.71 crore, up 13.5%, while PAT was ₹97.66 crore versus ₹15.48 crore in H1 FY26.
- Cash was ₹640.53 crore at 30 September 2026, against ₹344.49 crore at 31 March 2026; borrowings fell from ₹24.55 crore to ₹0.1 crore.
How did Le Travenues Technology perform in Q2 FY27?
Le Travenues Technology reported consolidated revenue of ₹320.96 crore in Q2 FY27, up ₹38.22 crore or 13.5% from ₹282.74 crore in Q2 FY26. EBITDA was ₹18.06 crore at a 5.6% margin, versus a loss of ₹3.72 crore and a -1.3% margin a year earlier; the margin moved up 6.9 percentage points.
Against Q1 FY27, revenue fell ₹35.79 crore or 10.0% from ₹356.75 crore, and EBITDA fell ₹6.31 crore or 25.9% from ₹24.37 crore. The EBITDA margin declined from 6.8% to 5.6%, while PAT rose ₹29.18 crore or 85.2% to ₹63.42 crore from ₹34.24 crore.
PBT was ₹74.19 crore, up from a loss of ₹2.49 crore in Q2 FY26 and ₹48.14 crore in Q1 FY27. Basic EPS was ₹1.37, compared with a loss of ₹0.08 in Q2 FY26 and ₹0.73 in Q1 FY27. On the standalone basis, revenue was ₹291.1 crore, up 4.3%, and PAT was ₹57.84 crore versus ₹9.23 crore in the year-ago quarter.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 320.96 | 356.75 | 282.74 | +13.5% | −10.0% |
| Other income | 22.08 | 29.15 | 5.17 | +327.1% | −24.3% |
| Total expenses | 309.51 | 337.76 | 290.40 | +6.6% | −8.4% |
| EBITDA | 18.06 | 24.37 | −3.72 | turned to profit | −25.9% |
| EBITDA margin | 5.6% | 6.8% | -1.3% | +6.9 pp | −1.2 pp |
| Profit before tax | 74.19 | 48.14 | −2.49 | turned to profit | +54.1% |
| Tax | 8.28 | 9.92 | −0.49 | −16.5% | |
| Net profit | 63.42 | 34.24 | −3.46 | turned to profit | +85.2% |
| EPS (₹) | 1.37 | 0.73 | −0.08 | turned to profit | +87.7% |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in Le Travenues Technology's costs and profit?
Total expenses were ₹309.51 crore, up ₹19.11 crore or 6.6% from ₹290.40 crore in Q2 FY26. Employee cost fell ₹9.80 crore or 13.2% to ₹64.38 crore, while other expenses rose ₹26.24 crore or 12.4% to ₹238.52 crore. Finance cost increased ₹0.03 crore to ₹0.64 crore, and depreciation increased ₹2.64 crore to ₹5.97 crore.
Other income increased ₹16.91 crore or 327.1% from ₹5.17 crore to ₹22.08 crore. The quarter also included an exceptional gain of ₹40.66 crore, against no exceptional item in Q2 FY26, while tax was ₹8.28 crore compared with ₹0.49 crore in the year-ago quarter. Together, the figures show the main changes in reported profit.
Against Q1 FY27, other income fell ₹7.07 crore to ₹22.08 crore and total expenses declined ₹28.25 crore to ₹309.51 crore. Other expenses fell ₹35.27 crore, while employee cost rose ₹5.79 crore and depreciation rose ₹1.26 crore. Q1 FY27 had no exceptional item, compared with the ₹40.66 crore gain in Q2 FY27.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 0 | 0 | 0 | |
| Employee cost | 64.38 | 74.18 | −9.80 | −13.2% |
| Finance costs | 0.64 | 0.61 | +0.03 | +4.9% |
| Depreciation | 5.97 | 3.33 | +2.64 | +79.3% |
| Other expenses | 238.52 | 212.28 | +26.24 | +12.4% |
| Total expenses | 309.51 | 290.40 | +19.11 | +6.6% |
| Other income | 22.08 | 5.17 | +16.91 | +327.1% |
| Tax | 8.28 | −0.49 | +8.77 | |
| Exceptional items | +40.66 (gain) | none |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In H1 FY27, consolidated revenue was ₹677.71 crore, up ₹80.50 crore or 13.5% from ₹597.21 crore in H1 FY26. Total income rose ₹119.60 crore or 19.6% to ₹728.94 crore, while PBT increased ₹96.15 crore to ₹122.33 crore from ₹26.18 crore.
PAT for the first half was ₹97.66 crore, up ₹82.18 crore or 530.9% from ₹15.48 crore in H1 FY26. Basic EPS rose from ₹0.4 to ₹2.11. Operating cash flow was ₹76.44 crore, compared with ₹91.55 crore in H1 FY26.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 677.71 | 597.21 | +13.5% |
| Profit before tax | 122.33 | 26.18 | +367.3% |
| Net profit | 97.66 | 15.48 | +530.9% |
| EPS (₹) | 2.11 | 0.40 | +427.5% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 30 September 2026, total assets were ₹2,726.21 crore, compared with ₹2,541.31 crore at 31 March 2026, and total equity was ₹2,181.72 crore against ₹2,047.9 crore. Borrowings fell from ₹24.55 crore to ₹0.1 crore, while cash rose from ₹344.49 crore to ₹640.53 crore.
Trade receivables increased from ₹46.67 crore to ₹76.65 crore, and trade payables rose from ₹192.41 crore to ₹231.08 crore. The company reported no inventories at either balance sheet date. In H1 FY27, investing cash flow was ₹232.2 crore, financing cash flow was ₹10.72 crore and capital expenditure was ₹2.21 crore.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 2,726 | 2,541 |
| Total equity | 2,182 | 2,048 |
| Borrowings | 0.10 | 24.55 |
| Cash and equivalents | 640.53 | 344.49 |
| Inventories | 0 | 0 |
| Trade receivables | 76.65 | 46.67 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 76.44 | 91.55 |
| Cash from investing | 232.20 | −3.28 |
| Cash from financing | 10.72 | −4.52 |
| Capital expenditure | 2.21 | 5.32 |
Source: Company's results filing (XBRL).
How has Le Travenues Technology done over the last 8 quarters?
Revenue rose year on year in each of the last seven quarters. It reached a period high of ₹356.75 crore in Q1 FY27 before falling to ₹320.96 crore in Q2 FY27, while Q2 FY26 was the lowest at ₹282.74 crore.
PAT peaked at ₹63.42 crore in Q2 FY27, after ₹34.24 crore in Q1 FY27, and bottomed at a net loss of ₹3.46 crore in Q2 FY26. The EBITDA margin fell from 8.8% in Q3 FY25 to 5.6% in Q2 FY27, following a -1.3% margin in Q2 FY26.
Which businesses drove the quarter?
Train revenue was ₹149.14 crore, up 21.4% from ₹122.86 crore, while EBIT rose to ₹47.23 crore from ₹34.18 crore. The segment reported a 31.7% EBIT margin.
Bus revenue was ₹81.04 crore, up 23.9% from ₹65.43 crore, and EBIT rose to ₹43.14 crore from ₹34.07 crore. The segment reported a 53.2% EBIT margin.
Flight revenue was ₹82.66 crore, down 7.5% from ₹89.39 crore, while EBIT fell to ₹35.68 crore from ₹39.55 crore. The segment reported a 43.2% EBIT margin.
Hotel revenue was ₹8.1 crore and EBIT was a loss of ₹1.21 crore, with a -14.9% EBIT margin. No year-ago comparative figures were given for the segment.
| Segment | Revenue | Revenue YoY | EBIT | EBIT margin |
|---|---|---|---|---|
| Flight | 82.66 | −7.5% | 35.68 | 43.2% |
| Train | 149.14 | +21.4% | 47.23 | 31.7% |
| Bus | 81.04 | +23.9% | 43.14 | 53.2% |
| Hotel | 8.10 | −1.21 | -14.9% | |
| Other | 0.02 | 0.02 | 100.0% |
Source: Company's results filing (XBRL segment data).
What else did the company announce?
The board approved the unaudited consolidated and standalone results for the quarter and half year ended 30 September 2026, along with limited review reports carrying an unmodified opinion. It also approved the allotment of 173,780 fully paid equity shares of ₹1 each on exercise of employee stock options, increasing paid-up share capital from ₹441,085,150 to ₹441,258,930.
PricewaterhouseCoopers Services LLP was re-appointed as internal auditor for the financial year ending 31 March 2027. The company did not announce a dividend or a fund raise in the same-day filings, and the trading window for certain designated persons reopened on 20 October 2026.
What did Le Travenues Technology's management say?
Management said hotels were separately disclosed because product-market fit was emerging and the business had become material. It said hotel GTV was ₹111 crore in Q2 FY27, up 2.6x year on year, while revenue was ₹8.1 crore and the gross take rate was above 12%; room nights reached 4.7 lakh, and direct supply expanded to over 12,000 properties across about 1,100 towns.
Management is targeting triple-digit hotel room-night growth over the next four quarters if execution permits and expects the blended hotel gross take rate to edge up over the next three to four quarters. The CFO described ₹10–12 crore of quarterly hotel investment as a modelling range rather than formal guidance; management expects investment to continue for 2–3 years while the business develops scale and returns.
Management said flight capacity had not recovered as expected, fares remained about 30% higher year on year and festive flight demand was softer than expected. No aggressive flight growth guidance was provided, while train recovery was encouraging but still needed post-festive confirmation; management also identified hotel losses and possible disruption from consumer AI agents as risks.
How did Le Travenues Technology shares react?
Earlier results-day moves were mixed: IXIGO fell 10.9% on 6 August 2026 and rose 4.5% on 21 May 2026. Other reactions included declines of 13.7% on 22 January 2026 and 16.6% on 29 October 2025, followed by gains of 19.4% on 16 July 2025 and 5.0% on 14 May 2025.
| After the filing | Stock | Tour Travel Related Services median |
|---|---|---|
| 5 minutes | +3.0% | |
| 15 minutes | +4.4% | |
| 30 minutes | +3.7% | |
| Reaction day | +8.4% | −1.5% |
| Next day | +1.4% | −3.7% |
| 5 days | −2.7% | −4.7% |
Minutes are measured from the price when the filing appeared; days from the previous close. Source: MarketPing price-reaction measurement.
| Results filed on | Stock on the reaction day |
|---|---|
| 6 August 2026 | −10.9% |
| 21 May 2026 | +4.5% |
| 22 January 2026 | −13.7% |
| 29 October 2025 | −16.6% |
| 16 July 2025 | +19.4% |
| 14 May 2025 | +5.0% |
| 28 January 2025 | +13.7% |
| 24 October 2024 | −2.4% |
Source: MarketPing price-reaction measurement.
Quick answers
What was Le Travenues Technology's revenue in Q2 FY27?
Revenue from operations was ₹320.96 crore, up 13.5% from ₹282.74 crore in Q2 FY26 (consolidated).
Did Le Travenues Technology make a profit in Q2 FY27?
Yes. Net profit was ₹63.42 crore, against a net loss of ₹3.46 crore in Q2 FY26.
What was Le Travenues Technology's EPS in Q2 FY27?
Basic earnings per share were ₹1.37, against a loss of ₹0.08 in Q2 FY26.
How did Le Travenues Technology shares react to the Q2 FY27 results?
On the reaction day the stock moved +8.4% from the previous close; the median Tour Travel Related Services stock moved −1.5%.
When did Le Travenues Technology announce its Q2 FY27 results?
On 17 October 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Meeting Of The Board Of Directors For, Inter Alia, Approval Of The Financial Results For The Quarter And Half Year Ended September 30, 2026. (BSE, 12 October 2026) · PDF
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation (BSE, 12 October 2026) · PDF
- Board Meeting Outcome for Outcome Of The Board Meeting Under Regulation 30, 33 And Other Applicable Provisions Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 (BSE, 17 October 2026) · PDF
- Financial Results For Quarter And Half Year Ended September 30, 2026 (BSE, 17 October 2026) · PDF
- Announcement Under Regulation 30 And Other Applicable Provisions Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 - Earnings Release On Financial Results For Quarter And Half Year Ended September 30, 2026 (BSE, 17 October 2026) · PDF
- The earnings call (27 October 2026)
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
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