Le Travenues Technology earnings calls.

ixigo delivered resilient Q2 FY26 results amid macro headwinds, with revenue from operations of ₹282.7 croreCurrent reported value: ₹282.7 crore. No comparable prior figure is available in the source record. (+37Current 37 crore vs previous available quarter 31 crore.% YoY) and GTV of ₹4,347.5 croreCurrent reported value: ₹4,347.5 crore. No comparable prior figure is available in the source record. (+23% YoY), outperforming a domestic flight market that contracted ~2%. Adjusted EBITDA remained flat sequentially at ₹28.5 croreCurrent ₹28.5 crore vs previous available quarter ₹30.8 crore. (10% margin), while PAT turned negative at -₹3.5 crore primarily due to a one-time ₹26.9 crore ESOP chargeCurrent reported value: ₹26.9 crore ESOP charge. No comparable prior figure is available in the source record. triggered by early achievement of performance milestones. Excluding this non-cash item, PBT grew 26% YoY to ₹24.4 crore. Segment mix shifted—flights contributed 36% of group CM with strong 44% CM%, buses surged 46% in passenger segments but trains saw margin compression to 28% CM due to Indian Railways policy changes. The company raised ₹296 croreCurrent reported value: ₹296 crore. No comparable prior figure is available in the source record. from Prosus/MIH to fund AI, hotels OTA, and acquisition optionality, emphasizing no change to capital-efficient playbook. AI initiatives show traction with 90%+ chat interactions and ~50%Current ~50%. Reported change: significant automation. voice calls automated. Near-term risks include supply-side constraints in flights, policy sensitivity in trains, and integration of large capital deployment. H2 outlook is cautiously optimistic with green shoots in October flight bookings and improved train advance booking windows.