Shares of Le Travenues Technology, the parent company of online travel aggregator ixigo, jumped over 8% after the company reported strong Q3 FY25 results. The company posted a 41.75% year-on-year (YoY) increase in revenue, reaching ₹241.76 crore, compared to ₹170.55 crore in the previous year’s quarter.
Despite the revenue surge, net profit declined by 48.44% YoY to ₹15.52 crore from ₹30.10 crore in Q3 FY24. However, EBITDA increased by 27% to ₹26.6 crore, and profit before tax (PBT) jumped 46% YoY to ₹23.3 crore, highlighting operational efficiency.
The company reported a 48% YoY rise in Gross Transaction Value (GTV) at ₹4,036.3 crore, driven by strong growth in train, flight, and bus bookings. Train GTV rose 27% YoY, while flight and bus GTV surged 73% and 63%, respectively.
ixigo maintained a double-digit adjusted EBITDA margin of over 10%, supported by new product launches and marketing initiatives aimed at increasing user engagement. The strong financial performance reinforces the company’s position in India’s online travel space.
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