Le Travenues Technology Limited · NSE:IXIGO
Le Travenues Technology — Q2 FY27 Earnings Presentation
41 slides from Le Travenues Technology's earnings presentation, Oct 17, 2026
Slide 1: Regulation 30 filing cover letter to exchanges
October 17, 2026 LTTL/L&S/2026-27/10/08 To, The Listing Department, The Listing Department, National Stock Exchange of India Limited, BSE Limited, Exchange Plaza, C-1, Block G, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Dalal Street, Bandra (E), Mumbai - 400 051 Mumbai - 400 001 Maharashtra, I
Slide 2: Investor Presentation Q2 FY27
Investor Presentation Q2 FY27 1
Slide 3: Safe Harbour
Safe Harbour This presentation and the information but makes no performance, industry accompanying slides representation or warranty, competition, strategic (“Presentation”) by Le Travenues express or implied, about its Implementation, technological Technology Limited (the accuracy, completeness, fa
Slide 4: Change in presentation currency to INR Crores
Effective 1st April 2026, the Company has changed the presentation currency denomination for its financial results from INR Millions to INR Crores. Accordingly, all figures in the current period, along with the comparative figures for previous periods have been presented in INR Crores to conform to the
Slide 5: Who we are
Who we are We are a technology company focused on empowering travellers to plan, book and manage their trips. Our Business : Flights Hotels Trains Buses 4
Slide 6: Our Journey
Our Journey 2007 – 2019 2020 – 2026 5
Slide 7: Vision
Vision Our vision is to become the most customer-centric travel company, by offering the best customer experience to our users. 6
Slide 8: We are in the “Peace of Mind” Business
We are in the “Peace of Mind” Business Dynamic AI-based Pricing for Value Added Services 30% 1 Ancillary Attach Rate Other Value Added Services No Questions Asked Lock Fare Now, Upto 150% Assured Refund Full Refunds Pay Later and Roadside Assistance Trip Delay Smart Protection Lock Fully Flexible Up
Slide 9: Delivering the Best Customer Experience with AI
Delivering the Best Customer Q2 FY27 Experience with AI Percentage of Providing Prompt Personalized Assistance Before, During & After the Trip Queries solved by AI 3h : 37m FY24 Voice 82% Average Chat 94% 3h : 32m Refund Time1 Q2 FY 27 97 % Total Queries Q2 FY 27 solved by AI 43 Lakhs Calls Answered
Slide 10: India’s Largest Travel Platform
India’s Largest Travel Platform 1 MAU2 Towns4 86% 41.75 Cr 14.21 Cr Lifetime 8.63 Cr 2400+ Repeat Registered Users 4 Annual Passenger Transaction Rate3 Segments Booked 3 94% Lifetime 56.94 Cr Transacted Users 4 Annual Active Deep penetration Users3 in Tier II / III2 6.96 Cr Note: 1. Basis MAU & app
Slide 11: India’s Top Rated Travel Apps
India’s Top Rated Travel Apps Among the highest rated travel apps in the world with a 4.9 Play Store Rating 65 Lakh+ Ratings across apps* * As of 30th September 2026 10
Slide 12: The ixigo Flywheel
The ixigo Identify & Solve Travel Utility Problems Train running /PNR status, Crowdsourced Info, Bus schedules, Flight tracking etc. Flywheel Build Trust & Grow among NBU Users Organically AI-Enhanced Customer Annual Active Users 1 Experience & Data Moats Highest rated app, fuelling 56.94 Cr word of
Slide 13: Key Performance Indicators
Q2 FY27 vs Q2 FY26 H1 FY27 5,304.47 320.96 124.86 23.58 33.53 76.44 Revenue from Contribution Adjusted PBT* Cash Flow from GTV (ex loss of associate, Operations Margin EBITDA exceptional items & tax) Operations 22% ▲ 13% ▲ 14% ▲ -17% ▼ 37% ▲* -17% ▼ Key Performance Indicators Key Performance Indicat
Slide 14: Management Commentary Q2 FY27
“In Q2 FY27, we delivered resilient growth with Management Quarterly GTV of ₹5,304 Crores, up 22% YoY, Commentary and Revenue from Operations of ₹321 Crores, up 13% YoY. Our PAT was an all-time high aided Q2 FY27 by our partial sale of stake in Freshbus. Flight and Bus led the quarter with GTV growt
Slide 15: Our 3-Pronged AI Strategy
Our 3-Pronged AI Strategy DISRUPTION Disruption REVENUE Revenue Efficiency ixigo NEXT- AI Native re-imagination AI optimized dynamic pricing for Agentic AI enabled efficiency of the app experience Peace of mind stack TARA- Multi-modal, agentic and AI driven discounts, revenue 82%¹ voice and 94%¹ cha
Slide 16: ixigo NEXT
Layer -1 Context-aware AI woven into the Layer +1 UX-aware of context, ixigo NEXT Adaptive and state, and intent. Interactive UX that morphs in context, surfacing ephemeral The AI-Native Travel App capabilities Context-Aware, Pre-Emptive, Predictive, Hyper Personalized & Multimodal Travel Intelligen
Slide 17: Hotels
Hotels Our Suite Opportunity Hotel inventory of 12%+ gross Fastest growing Crossed 4.7 lakh 70,000+ properties take rate line of business room nights in including 12,000 Highest among all by GTV growth Q2 FY27 with 86%+ directly contracted lines of business (+159% YoY) bookings from properties acros
Slide 18: Other Announcements & Partnerships
Other Announcements & Partnerships + Launched Launch partner for In addition to buses, Now delivering at over Women Zone Apple Pay in India, now powering train 290 railway stations booking features for Featured on App Store bookings on Uber solo women travellers AI-powered Smart Lock ixigo for work:
Slide 19: India On the Move: Festive Travel Takes Off
India On the Move Festive Travel Takes Off Despite some headwinds, early festive trends point to robust travel intent, led by international getaways, domestic destinations and rising rail demand. ● International travel gains momentum Despite the headwinds in the Middle-East market, international tra
Slide 20: India Macroeconomic Outlook
Rising Per Capita Incomes Will Shift the Income Pyramid India Discretionary Spending Macroeconomic Inflection Point at ~$4K GDP / Per Capita High High 8Mn (3%)V 29Mn (7%) Outlook Upper mid 61Mn (21%) Upper mid 168Mn (44%) On Track to Become Lower mid Lower mid The Third-Largest 97Mn (33%) 132Mn (34%)
Slide 21: Robust Growth Expected in Indian Travel & Tourism Market
Robust Growth Expected in Indian Travel & Tourism Market in FY26-FY28 Indian Tourism & Transportation Size GTV (INR Bn) OTA Market GTV (INR Bn) 11% 7353 CAGR 16% 2308 CAGR (FY26-28) 706 (FY26-28) 280 5972 875 1703 163 14% 174 27% 543 1941 130 7% 764 570 12% 1571 402 11% 19% 3478 2855 1146 905 10% 13
Slide 22: Leading Travel Platform by Users
Leading Travel Platform by Users 1 2nd Largest OTA by Revenue 2 New & Fastest Fastest Growing2 & Gaining Market-Share Growing Line of Business 2 1 3 2 2 2 “One-stop” Multi-Brand Travel Ecosystem Note: 1.Basis MAU & app downloads | 2. VIDEC’s India Travel Market Opportunity Study - 2026 21
Slide 23: Robust Long Term Growth Trajectory
Robust Long Term Growth Trajectory Annual Active Users (Cr) Gross Transaction Value (INR Cr) CAGR CAGR 29% 47% Revenue from Operations (INR Cr) Adjusted EBITDA (INR Cr) CAGR CAGR (since FY21) 49% 71% 22
Slide 24: Consistent Growth in Transacting Users & Monetization
Consistent Growth in Transacting Users & Monetization Gross Transaction Value (INR Cr) Passenger Segments* (Cr) 22% 11% MAUs and MTUs (Cr) Annual Spend per Transacting User (INR) 7% 23 *including Room nights” in case of ”Hotel”
Slide 25: Profitable Growth With Strong Cash Conversion
Profitable Growth With Strong Cash Conversion Operating Cash Flow (INR Cr) Revenue from Operations (INR Cr) -17% 13% Contribution Margin (INR Cr) Adjusted EBITDA (INR Cr) 14% -17% 24
Slide 26: Quarter on Quarter Trajectory
Quarter on Quarter Trajectory Gross Transaction Value (INR Cr) Revenue from Operations (INR Cr) Contribution Margin (INR Cr) Adjusted EBITDA (INR Cr) 25
Slide 27: Resilient Performance in Uncertain Times
Resilient Performance in Uncertain Times Q2 FY27 vs. Passenger GTV Gross Revenue From Contribution Revenue Streams CM% Q2 FY26 Segments* (in Cr) (INR Cr) Take Rate Operations (INR Cr) Margin (INR Cr) ▪ Agent Service Charges 2.90 2,255.45 149.14 47.23 Train ▪ PG Charges 5% 6.54% 16% 29% 32% 7% ▪ VAS
Slide 28: Diversified & Evolving Business Mix - Q2 FY27
Diversified & Evolving Business Mix - Q2 FY27 Gross Transaction Value Revenue from Operations Contribution Margin* *Since Hotels has negative Contribution Margin, it has been excluded from the Contribution Margin Pie Chart for simpler representation 27
Slide 29: Consolidated Summary Statement of Profit & Loss
Consolidated Summary Statement of Profit & Loss INR Crores, unless otherwise stated FY26 FY25 FY24 Q2 FY 27 Q2 FY 26 Revenue from Operations 1,228.04 914.25 655.87 320.96 284.23 Other Income 47.31 18.02 9.22 22.08 5.17 Total Income 1,275.35 932.27 665.09 343.04 289.40 Expenses Employee benefits expens
Slide 30: Segment Wise Operating and Financial Snapshot
Segment Wise Operating and Financial Snapshot INR Crores unless otherwise stated FY26 FY25 FY24 Q2 FY 27 Q2 FY 26 Flight Passenger Segments 1.07 0.84 0.58 0.26 0.24 Flight GTV 7,514.58 5,650.70 3,527.00 2,184.30 1,592.39 Flight Gross Take Rate 8.96% 8.14% 8.17% 7.00% 9.38% Flight Segment Revenue 390
Slide 31: Financial Summary - Contribution Margin to EBITDA
Financial Summary - Contribution Margin to EBITDA INR Crores unless otherwise stated FY26 FY25 FY24 Q2 FY 27 Q2 FY 26 Total Contribution Margin 474.30 401.35 293.85 124.86 109.58 + Other Income 47.31 18.02 9.22 22.08 5.17 - Employee Benefits Expenses 220.04 163.62 141.02 64.38 74.18 - Technology and
Slide 32: Balance Sheet Summary - H1 FY27 & FY26
Balance Sheet Summary - H1 FY27 & FY26 As at As at Particulars (INR Crores) September 30, 2026 March 31, 2026 Assets Tangible and Intangible assets 115.31 83.33 Goodwill 498.69 444.48 Investment (Current & Non-current) 358.92 545.50 Other financial assets (Current & Non-current) 875.61 834.38 Non-cur
Slide 33: Cash Flow Summary - H1 FY27 and H1 FY26
Cash Flow Summary - H1 FY27 and H1 FY26 For the period ended For the period ended Particulars (INR crores) September 30, 2026 September 30, 2025 Cash flows from operating activities Profit / (loss) before tax 115.86 22.37 Operating adjustments : Share of loss of an associate, net of tax 6.47 3.80 Depr
Slide 34: 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 Travellers Investment In Deep Tech & AI AI-Native Train Products Engage Existing Users To Return Agentic AI experiences To Book International Hyper-personalized
Slide 35: Seasoned Board of Directors
Seasoned Board of Directors Mr. Frederic Lalonde Mr. Shailesh Lakhani Mr. Arun Seth Mr. Mahendra Pratap Mall Non-Executive Director Non-Executive Director Independent Director Independent Director ● Founder and CEO of Hopper, an ● MBA, Harvard University ● Ex-Trustee of the Nasscom Foundation ● Ex-
Slide 36: Conference Call Details
Details of Conference call Conference Call Details Date Monday, October 19, 2026 Le Travenues Technology Limited (NSE: IXIGO, BSE: 544192) will host a conference Time 04:15 PM IST call for analysts and investors 06:45 PM HK/SG on Monday, 19th October, 2026 06:45 AM US (EDT) at 04:15 pm (IST) followi
Slide 37: 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, Glossary exceptional items, share of profit/loss of associate. Adjusted EBITDA Adjuste
Slide 38: Glossary
Term Description Glossary Contribution Margin Contribution Margin is defined as Segment revenue (net ticketing revenue plus other operating revenue) less direct expenses Contribution Margin (%) Contribution Margin (%) is defined as Contribution Margin (Segment results) divided by revenue from operatio
Slide 39: Glossary
Glossary Term Description Lifetime Transacted Lifetime Transacted Users refers to the number of unique transacting Users users identified by user’s mobile number and/or email address, that have made at least one booking through us in the lifetime of our company on the OTA model, cumulated across ixig
Slide 40: Glossary
Glossary Term Description 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 book
Slide 41: Thank You
Thank You For additional information please contact: ir@ixigo.com +91 92668 66934 This presentation includes AI-generated images. Any resemblance to actual persons, living or deceased, is purely coincidental. 40
Le Travenues Technology — Q2 FY27 Earnings Presentation on 6ix