Airline disruptions fail to dent IXIGO's Q3 numbers as revenue rises 31%, profit up 56%

Le Travenues Technology Ltd., parent company of travel aggregator IXIGO, reported strong growth for Q3 FY26, with net profit surging 56.1% year-on-year to ₹24.2 crore from ₹15.5 crore, driven by higher

revenues across its flight, train, and bus segments.

The company's revenue grew 31.4% to ₹317.5 crore from ₹241.7 crore in the year-ago quarter, while EBITDA rose 23.8% to ₹26.4 crore, though margins slipped slightly to 8.31% from 8.81% due to non-recurring costs.

The company noted that flight disruptions by a leading Indian airline in December 2025 led to a two-fold increase in customer support inquiries and a five-fold rise in usage of its Flight Tracker Pro service, causing an estimated ₹2 crore impact on Q3 EBITDA.

Segment-wise, flight revenue jumped to ₹1,023.97 million from ₹685.21 million, train revenue rose to ₹1,341.06 million from ₹1,196.68 million, and bus revenue increased to ₹755.74 million from ₹515.35 million.

The company’s Gross Transaction Value (GTV) also rose 21% year-on-year to ₹4,902.9 crore, reflecting strong growth across its flight, train, and bus booking segments.

IXIGO also recorded a one-time exceptional cost of ₹2.79 crore linked to the recently enacted Labour Codes, 2019–2020, which consolidated 29 existing labour laws and introduced changes in gratuity, leave, and other employee benefits. The company described this as a non-recurring item and said it will continue to monitor developments related to these codes.

Shares of Le Travenues Technology Ltd. ended lower on Thursday, by 1.48% at ₹235.85 on the NSE.

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