India · Delayed Price · Currency is INR Le Travenues Technology Earnings Call Transcripts
Fiscal Year 2026
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FY 2026 saw 34% revenue and 28% adjusted EBITDA growth, with record cash flow and PAT. Buses led growth, flights gained market share, and trains faced regulatory headwinds. AI and hotel investments continue, with disciplined capital allocation and strong domestic demand.
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Q3 saw record revenue and GTV, with strong growth across flights, trains, and buses despite major flight disruptions. AI-driven customer support and product innovation enabled resilience and market share gains. Strategic investments in AI and travel tech continue, with a focus on long-term growth and margin improvement.
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Revenue grew 37% year-over-year to INR 282.7 crore, with strong GTV and EBITDA growth despite market headwinds in flights and trains. A major fundraise will fuel AI and hotel investments, while disciplined capital allocation and product innovation drive continued outperformance.
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Q1 FY2026 saw record revenue and profit, with strong growth across flights, trains, and buses despite market disruptions. AI-driven efficiency, product innovation, and brand investments fueled market share gains and operational leverage, which is being reinvested for future growth.
Fiscal Year 2025
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Blockbuster Q4 and FY 2025 results featured strong revenue and GTV growth, robust user expansion, and rising contribution from value-added services. Buses and flights led segment growth, while investments in AI and technology enhanced efficiency and customer experience.
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Q3 saw record GTV and revenue growth, led by flights and buses, with strong market share gains and product innovation. Double-digit EBITDA margin was maintained despite increased investments in technology and marketing. Significant growth opportunities remain in flights, buses, and new verticals.
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Q2 FY2025 saw record GTV, revenue, and EBITDA, with strong growth across trains, flights, and buses, especially in Tier 2/3/4 towns. The company acquired a majority stake in Zoop to expand train e-catering, launched new fintech and data-driven products, and maintained healthy margins while prioritizing growth over margin expansion.
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Q1 FY25 saw record highs in GTV, revenue, and adjusted EBITDA, with strong growth in trains, flights, and buses. International flight GTV surged 71% YoY, and new tech launches enhanced user experience. Supply constraints in domestic aviation are expected to ease in H2 FY25.
Fiscal Year 2024
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FY24 saw 38% GTV growth, strong user expansion, and improved profitability, with major gains in trains, buses, and flights despite industry capacity constraints. Strategic partnerships and tech investments are driving market share, while contribution margins remain robust.