Le Travenues Technology Limited · NSE:IXIGO
Le Travenues Technology — Q1 FY26 Earnings Presentation
43 slides from Le Travenues Technology's earnings presentation, Jul 16, 2025
Slide 1: Regulation 30 filing cover letter to exchanges
July 16, 2025 LTTL/L&S/2025-26/07/13 To, The Listing Department, The Listing Department, BSE Limited, National Stock Exchange of India Limited, Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Dalal Street, Bandra Kurla Complex, Mumbai - 400 001 Bandra (E), Mumbai - 400 051 Maharashtra, Indi
Slide 2: Reinventing Travel Powered by AI - Investor Presentation Q1 FY26
REINVENTING (w \ TRAVEL Powered by Al (Investor Presentation Q1 FY26 )
Slide 3: Safe Harbour
Safe Harbour This presentation and the accompanying slides Some statements may discuss the Company’s market (“Presentation”) by Le Travenues Technology Limited (the opportunity and business prospects as forward-looking “Company”) are for informational purposes only and do statements, which are not g
Slide 4: Vision
Vision Our vision is to become the most customer-centric travel company, by offering the best customer experience to our users. 3
Slide 5: Our Business
Our Business Flights Hotels Trains Buses Who We Are We are a technology company focused on empowering Indian travellers to plan, book and manage their trips.
Slide 6: What We Stand For
What We Stand For Empowering travellers to plan, book, & manage trips Leading OTA for Next Billion Users with across trains, flights, buses & hotels, assisting them 544.35 Mn Annual Active Users1 before during, and after the journey Culture and values defined by core tenets of customer Assisting trave
Slide 7: Our Journey
Our Journey 2007 – 2019 2020 – 2025 6
Slide 8: India's Largest Travel Platform
India’s Largest Travel Platform 1 713.66 Mn 85.80% Lifetime Repeat Downloads4 Transaction Rate3 MAU2 Towns4 84.13 Mn 2400 + Annual Lifetime Lifetime Passenger 94.05 % Transacted Registered Segments Deep penetration Users 4 Users 4 Booked 3 in Tier II / III2 46.93 Mn 320.8 Mn 122.95 Mn Note: 1. Basis
Slide 9: India's Leading OTA For The Next Billion Users
1 India’s Leading OTA For The Next Billion Users Fastest Growing 2 & Gaining Market-Share in All Lines of Businesses 3 3 Fastest Growing 4 “One-stop” Multi-Brand Travel Ecosystem Note: 1. Highest Monthly Active Users for mobile apps across all key OTAs as of September 30, 2023 (Source: F&S Report) |
Slide 10: Q1 FY26 vs Q1 FY25
Q1 FY26 vs Q1 FY25 46,446.58 3,144.72 1,280.88 313.53 286.63 PBT* (ex loss of associate, GTV Revenue from Operations Contribution Margin Adjusted EBITDA exceptional items & tax) 55% ▲ 73% ▲ 48% ▲ 54% ▲ 76% ▲ Key Performance Indicators Units FY23 FY24 FY25 Q1 FY 25 Q1 FY 26 Monthly Active Users Milli
Slide 11: Management Commentary - Q1 FY26
Management Commentary - Q1 FY26 Mr. Aloke Bajpai Mr. Rajnish Kumar Mr. Saurabh Devendra Singh Chairman, Managing Director Director & Group Co-Chief Group Chief Financial Officer & Group Chief Executive Officer Executive Officer “Q1 FY26 is another strong quarter, with record “We continue to see rapid g
Slide 12: Recent Highlights & Announcements
Recent Highlights & Announcements Offers full refund on airline & Our AI Agent, TARA, now New & Improved Price Lock ixigo cancellation fees in case of handles more than 60% of now allows travellers to lock visa rejection - cancel at least 24 voice calls end-to-end with AI, airfares for upto 14 days
Slide 13: India's Most Loved Travel Apps
India’s Most Loved Travel Apps 5 Mn+ Ratings across apps 12
Slide 14: Leveraging Data Science & AI: Our Peace of Mind Stack
Leveraging Data Science & AI: 1 Our “Peace of Mind” Stack 29.37 % Ancillary Dynamic AI-based Pricing for Value Added Services Attachment Rate Other Value Added Services No Question Asked Fully Flexible and Lock Fare Now, ● Food on Trains Full Refunds Freely Reschedulable Pay Later ● Seat & In-flight
Slide 15: Artificial Intelligence & Technology Driven Operations
Artificial Intelligence & Technology Driven Operations Technology Forms The Basis For Our Operating Leverage TARA PLAN AI driven personal travel assistant Generative AI based trip planner across chat & voice (beta) for personalized itineraries Travel Guarantee AI Revenue Optimisation Upto 3x refund*
Slide 16: Our 3-Pronged AI Strategy
Our 3-Pronged AI Strategy Efficiency Revenue Disruption Agentic AI enabled efficiency in the entire AI optimized dynamic pricing for Value Predictive, Pre-emptive & software development lifecycle Added Services (Travel Guarantee, Hyper-Personalised Products Assured, Flex, Price Lock & more) Over 60% v
Slide 17: AI-Integrated Marketing
AI-Integrated Marketing We now use AI across our marketing workflows: from creatives to execution with a blend of the latest AI video tools. 18th Anniversary Sale and Flash Sales in Q1 FY26 leveraged AI videos and AI creatives to reduce time to market, test iterations and amplify our campaigns. We ha
Slide 18: The ixigo Flywheel
Identify & Solve Travel Utility Problems Train running / PNR status, Crowdsourced Info, The ixigo Bus schedules, Flight tracking, etc. Flywheel Build Trust & Grow AI-Enhanced Customer NBU Users Organically Experience & Data Moats 544.35 Mn annual Highest rated app, fuelling active users 1 word of mo
Slide 19: Endeavor To Provide Best Customer Experience
Endeavor To Provide Best Customer Experience Providing Prompt Personalized Assistance Before, During & After the Trip 49h : 07m FY21 Q1 FY26 Average ………………………………..…...…... Queries Solved Refund by AI chatbot Time1 3h : 13m Q1 FY26 1.87 Mn 96.30 % Q1 FY26 Q1 FY26 % Queries Solved Calls Answered …...…
Slide 20: India Macroeconomic Outlook
India Macroeconomic Outlook Rising Per Capita Incomes Will Shift the Income Pyramid Discretionary Spending Inflection Point at ~$4K GDP / Per Capita High On Track to Become High 8Mn (3%) 29Mn (7%) The Third-Largest Upper mid Upper mid 168Mn (44%) Global Economy & 61Mn (21%) Lower mid Lower mid World’
Slide 21: Robust Growth Expected in Indian Travel & Tourism Market
Robust Robust Growth Growth Expected Expected in in Indian Indian Travel Travel & & Tourism Tourism MarketMarket Indian Tourism & Transportation Size (INR Bn) Growth In Online Penetration Across Different Segments 952 Mn Passengers CAGR Travelled On Reserved Tickets (FY23-28) 9% 5,904 86% 81% 81% 80
Slide 22: OTAs driving faster growth in Online Travel
OTAs driving faster growth in Online Travel Indian OTA Market Outpacing the Overall Travel and Online Markets Indian Travel Market By Booking Mode Indian OTA Market Market size (INR Bn) Market size (INR Bn) CAGR FY23 CAGR FY28 18% 2,802 (FY23–28) 204 Total Market: 9% 202 5,904 3,808 517 18% Online T
Slide 23: Gen Z & Solo Women Travellers Gaining Ground
Gen Z & Solo Women Travellers Gaining Ground Independent and Female Travel emerge as a key category especially in Bus and Trains Train Bookings from Gen Z Bus Bookings from Gen Z travellers (aged 18-30) grew travellers (aged 18-30) grew 45% YoY in Q1 FY26 56% YoY in Q1 FY26 Fastest-growing Gen Z Tra
Slide 24: Accelerating Monetization & Premiumization
Accelerating Monetization & Premiumization Gross Transaction Value (INR Bn) Passenger Segments (Mn) MAUs and MTUs (Mn) Annual Spend per Transacting User (INR) 23
Slide 25: Continued Momentum Quarter on Quarter
Continued Momentum Quarter on Quarter Gross Transaction Value (INR Bn) Revenue from Operations (INR Mn) Contribution Margin (INR Mn) Adjusted EBITDA (INR Mn) 24
Slide 26: Operating Leverage Kicking In
Operating Leverage Kicking In Operating Cash Flow (INR Mn) Revenue from Operations (INR Mn) Contribution Margin (INR Mn) Adjusted EBITDA (INR Mn) 25
Slide 27: Robust YoY Growth Trajectory
Robust YoY Growth Trajectory 23x Revenue Growth vs Pre-COVID (FY19) Annual Active Users (Mn) Gross Transaction Value (INR Bn) CAGR CAGR 32.63% 83.73% Revenue from Operations (INR Mn) Adjusted EBITDA (INR Mn) CAGR CAGR (Since FY21) 68.20% 84.32% 26
Slide 28: Diversified Business Model With Multiple Growth Drivers
Diversified Business Model With Multiple Growth Drivers Q1 FY 26 vs. Passenger GTV Gross Revenue From Contribution Multiple Revenue Streams CM% Q1 FY 25 Segments (Mn) (INR Mn) Take Rate Operations (INR Mn) Margin (INR Mn) ▪ Agent Service charges 26.61 20,551.01 1,299.21 410.06 Train ▪ PG Charges 26%
Slide 29: Diversified & Evolving Business Mix - Q1FY26
Diversified & Evolving Business Mix - Q1FY26 Gross Transaction Value Revenue from Operations Contribution Margin 28
Slide 30: Consolidated Summary Statement of Profit & Loss
Consolidated Summary Statement of Profit & Loss INR Million, unless otherwise stated FY25 FY24 FY23 Q1 FY 26 Q1 FY 25 Revenue from Operations 9,142.46 6,558.73 5,012.50 3,144.72 1,818.78 Other Income 180.20 92.18 163.23 69.61 24.02 Total Income 9,322.66 6,650.91 5,175.73 3,214.33 1,842.80 Expenses Em
Slide 31: Segment Wise Operating and Financial Snapshot
Segment Wise Operating and Financial Snapshot INR Million unless otherwise stated FY25 FY24 FY23 Q1 FY 26 Q1 FY 25 Flight Passenger Segments 8.44 5.77 3.26 2.79 1.57 Flight GTV 56,506.95 35,269.99 20,154.88 18,480.53 10,213.96 Flight Gross Take Rate 8.14% 8.17% 11.02% 9.17% 7.62% Flight Segment Reve
Slide 32: Financial Summary - Contribution Margin to EBITDA
Financial Summary - Contribution Margin to EBITDA INR Million unless otherwise stated FY25 FY24 FY23 Q1 FY 26 Q1 FY 25 Total Contribution Margin 4,013.48 2,938.48 2,180.78 1,280.88 868.32 + Other Income 180.20 92.18 163.23 69.61 24.02 - Employee Benefits Expenses 1,636.17 1,410.20 1,262.61 522.70 379
Slide 33: Experienced Key Managerial Personnel
Experienced Key Managerial Personnel Mr. Aloke Bajpai Chairman, Managing Director Mr. Rajnish Kumar & Group Chief Executive Officer Director & Group Co-Chief Executive Officer • Ex- Amadeus • Ex- Amadeus • MBA, INSEAD • B.Tech, Computer Science, IIT Kanpur • B.Tech, Electrical Engineering, IIT Kanpur
Slide 34: Seasoned Board of Directors
Seasoned Board of Directors Mr. Shailesh Lakhani Mr. Frederic Lalonde Non-Executive Director Non-Executive Director • Founder and CEO of Hopper, an • MBA, Harvard University airfare and hotel fare prediction mobile • Bachelor’s degree, University of Waterloo application Mr. Mahendra Pratap Mall Mr.
Slide 35: Becoming a One Stop Travel Solution Provider
Becoming a One Stop Travel Solution Provider Continue To Deepen Penetration & Improve Operating Leverage Through Enhance Our Offerings For The ‘NBUs’ Investment In Deep Tech & AI Train Tours Engage Existing Users To Return To Book Enhance TARA chatbot to Holiday Packages understand local languages &
Slide 36: Conference Call Details
Details of Conference call Conference Call Details Date Wednesday, 16 July 2025 Le Travenues Technology Limited Time 05:30 PM IST (NSE: IXIGO, BSE: 544192) will host a 20:00 PM HK/SG conference call for analysts and investors 08:00 AM US (EST) on Wednesday, 16th July 2025, at 5:30pm (IST) following
Slide 37: Glossary
Glossary Term Description Adjusted EBITDA Adjusted EBITDA is calculated as the profit for the period or year plus tax expense, finance cost, depreciation, amortization expenses, Employee Stock Option Scheme less other income, exceptional items, share of profit/loss of associate. Adjusted EBITDA Adjuste
Slide 38: Glossary (continued)
Gross Revenue Gross revenue represents Revenue from operations plus discounts. Gross Take Rate Gross take rate refers to Gross Ticketing Revenue divided by Gross Transaction Value during the relevant period/ year Gross Transaction Value Gross transaction value refers to the total amount paid (includ
Slide 39: Glossary (continued)
Passenger Segments Passenger segments refers to the total number of point-to-point passenger tickets booked between two cities, airports, train stations or bus stations, as applicable, whether or not such a ticket is part of a larger or longer itinerary. For example, a booking made with two passenge
Slide 40: MY,
MY,
Slide 41: Financial Summary - Cash Flow
Financial Summary - Cash Flow Particulars (INR Million) FY25 FY24 Cash flows from operating activities Profit / (loss) before tax 817.23 610.65 Operating adjustments : Share of loss of an associate, net of tax 90.97 59.07 Depreciation and amortization 103.38 129.24 Exceptional Items (46.04) (297.21) E
Slide 42: Financial Summary - Balance Sheet
Financial Summary - Balance Sheet Particulars (INR Million) FY25 FY24 Assets Tangible and Intangible assets 268.64 227.05 Goodwill 2,595.75 2,483.03 Investment (Current & Non-current) 1,194.78 856.12 Other financial assets (Current & Non-current) 327.77 389.71 Non-current tax asset & Deferred tax ass
Slide 43: Thank You
THANK YOU For additional information please contact: ir@ixigo.com +91 92668 66934
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