Le Travenues Technology Limited, incorporated in 2007, operates online platforms that provide information and booking services for the travel industry. The company stands as India's second-largest technology-driven Online Travel Agency (OTA), helping travelers plan, book, and manage trips across trains, flights, buses, and hotels. With 480 million Annual Active Users, its brands—ixigo, Confirmtkt, and abhibus—offer tailored solutions for specific travel needs, leveraging proprietary algorithms and crowd-sourced information to deliver utility tools and services.
The company operates through multiple online platforms including www.ixigo.com, www.confirmtkt.com, and www.abhibus.com, with business segments encompassing Flight ticketing, Train ticketing, Bus ticketing, and Other services. Its OTA platforms allow travellers to book train tickets, flight tickets, bus tickets, hotels, and cabs. They provide essential travel utility tools and services, including PNR status updates, AI-powered multilingual live train status, Siri shortcuts, and augmented reality for locating coach positions, deal comparison, travel information, flight bookings, airline ticket booking, automated web check-ins, fare alerts, seat availability alerts, running status updates, delay predictions, and personalized recommendations.
As of latest reports, Le Travenues Technology has a market capitalization of ₹7,056 crore, representing a 5.57% increase over the past year. The company reported revenue of ₹914 crore and profit of ₹60.2 crore for the full year.
The company delivered its best-ever quarterly performance in Q4 FY25, reporting a 72% year-on-year increase in revenue from operations to ₹284.1 crore and a 65% year-on-year increase in Gross Transaction Value (GTV). Profit After Tax reached ₹16.8 crore in Q4 FY25 compared to ₹7.3 crore in Q4 FY24, recording an increase of 128% on a year-on-year basis.
Gross Transaction Value (GTV) crossed ₹4,418.4 crore in Q4 FY25, growing by 65% year-on-year, with Flight & Bus GTV each growing 92% year-on-year while Train GTV grew 41% year-on-year. Contribution margin for the quarter increased 69% to ₹120.9 crore, while EBITDA rose 64% to ₹30.7 crore.
For the full year ended March 2025, net profit declined 20.61% to ₹60.18 crore compared to ₹75.80 crore in the previous year, while sales rose 39.40% to ₹914.25 crore from ₹655.87 crore in the previous year. The company demonstrated robust cash flow from operations amounting to ₹122 crores in FY25.
ixigo has become India's second-largest online travel agency, with a 34% growth in bookings in FY25. The company dominates train bookings and is rapidly expanding in flights and buses, particularly among tier-2 cities. With over 48 crore Annual Active Users in Fiscal 2024, ixigo is positioned as the leading OTA for "Next Billion Users" in India. The company serves over 544 million travellers annually across its digital ecosystem, demonstrating its massive scale and reach in the Indian travel market.
- Market Capitalization: ₹7,056 Crore
- Full Year FY25 Revenue: ₹914.25 Crore
- Full Year FY25 Net Profit: ₹60.18 Crore
- Q4 FY25 Revenue: ₹284.1 Crore
- Q4 FY25 Net Profit: ₹16.8 Crore
- Gross Transaction Value (GTV) Q4 FY25: ₹4,418.4 Crore
- Cash Flow from Operations FY25: ₹122 Crore
- Stock P/E Ratio: 120
- Book Value: ₹16.2
- Dividend Yield: 0.00%
- ROCE: 13.6%
- ROE: 10.5%
Le Travenues Technology operates through its brands ixigo, Confirmtkt, and abhibus, offering a comprehensive range of travel booking and information services. Its platforms facilitate booking of trains, flights, buses, hotels, and cabs. The company leverages proprietary algorithms and crowd-sourced information for its utility tools and services, which include AI-powered live train status, PNR prediction, and augmented reality for train coach location.
ixigo has partnered with Amadeus, a global leader in travel technology, to enhance its airline content offering. Through this collaboration, ixigo will integrate Amadeus' advanced EDIFACT and NDC content into its platform, aiming to provide travelers with greater choice, flexibility, and a seamless flight booking experience.
The company has launched several innovative products including 'ixigo assured flex' for flights and trains, 'ixigo travel credit card' in collaboration with AU Small Finance Bank in November 2023, 'ixigo assured' for international travel, and 'ixigo plan' generative AI trip planner.
The company raised funds from the public through an IPO aggregating to ₹740 crore by issuing 79,580,899 Equity Shares, comprising a Fresh Issue of 12,903,225 Equity Shares aggregating to ₹120 crore and 66,677,674 Equity Shares aggregating to ₹620 crore through Offer for Sale in June 2024. The company was listed on the NSE and BSE on June 18, 2024.
The company is almost debt-free, indicating strong financial health. Current valuation metrics show a stock P/E ratio of 120, book value of ₹16.2, and the company maintains a dividend yield of 0.00%. The company has generated ROCE of 13.6% and ROE of 10.5%.
The company's management includes Aloke Bajpai as Chairman and Suresh Kumar Bhutani as Company Secretary. The company was founded in 2007 by Aloke Bajpai & Rajnish Kumar, who continue to lead the organization as Group CEO and Group Co-CEO respectively.
Management's commitment to balancing immediate growth with long-term strategic goals is evident in their focus on innovative product offerings, such as the Travel Guarantee, which has successfully attracted new users. The emphasis on customer-centric solutions and operational efficiency, bolstered by AI investments, is driving engagement and loyalty among a growing user base. While navigating a competitive landscape, the company remains dedicated to enhancing customer experiences and expanding its market share, particularly in underserved segments.
The company's strong performance in Q4 FY25, combined with its market-leading position in India's online travel agency sector, positions it well for continued growth in the expanding Indian travel market.
