Earnings Release on Financial Results for quarter ended June 30, 2026

August 06, 2026 LTTL/L&S/2026-27/08/05 The Listing Department, The Listing Department, National Stock Exchange of India Limited, BSE Limited, Exchange Plaza, C-1, Block G, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Dalal Street, Bandra (E), Mumbai - 400 051 Mumbai - 400 001 Maharashtra, India Maharashtra, India Dear Sir/Madam, Sub : Announcement under Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Earnings Release - Financial Results for quarter ended June 30, 2026 Ref : Le Travenues Technology Limited (the “Company”) NSE Symbol: IXIGO and BSE Scrip Code: 544192 In compliance with Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), please find enclosed the Earnings Release on the unaudited financial results (consolidated and standalone) of the Company for the quarter ended June 30, 2026. This announcement will also be available on the website of the Company at https://investors.ixigo.com/. This is for your information and records. Thank you, For Le Travenues Technology Limited Suresh Kumar Bhutani (Group General Counsel, Company Secretary & Compliance Officer) THE NEXT CHAPTER E A R N I N G S R E L E A S E Q1 FY27 | AUG 06, 2026 Earnings Release Vision Our vision is to become the most customer-centric travel company, by offering the best customer experience to our users. Q1 FY27 | Aug 06, 2026 Who we are We are a technology company focused on empowering travellers to plan, book and manage their trips. Flights Hotels Trains Buses Earnings Release We are in the “Peace of Mind” Business Dynamic AI-based Pricing for Value Added Services No Questions Asked Lock Fare Now, Upto 150% Assured Refund Full Refunds Pay Later and Roadside Assistance Fully Flexible Upto 3X Refund on Upto 3X Refund on and Freely Unconfirmed Waitlisted Bus Tickets if canceled Reschedulable Train Tickets by bus operator Other Value Added Services 31%1 Food Airport Seat & on Trains Cabs In-flight Meals Ancillary Attach Rate Travel Visa Visa Rejection Insurance Processing Protection Note: 1. For 3 months ended 30th June 2026 Q1 FY27 | Aug 06, 2026 Headline Results Q1 FY27 vs Q1 FY26 Highlights ₹5524.33 ₹356.75 ₹144.94 ₹29.24 ₹48.14 Crore Crore Crore Crore Crore REVENUE FROM CONTRIBUTION ADJUSTED GTV PBT* OPERATIONS MARGIN EBITDA 19% 13% 13% -7% 68% Note: 1. GTV (Gross Transaction Value) refers to the total amount paid (including taxes, fees and service charges, gross of all discounts) by users for the OTA services and products booked through us in the relevant period/year. 2. Contribution Margin is defined as net ticketing revenue plus other operating revenue less direct expenses. 3. Adjusted EBITDA is calculated as the restated profit for the period or year plus tax expense, finance cost, depreciation, amortization expenses, Employee Stock Option Scheme less other income, exceptional items, share of profit/loss of associate. 4. *Profit / (loss) before share of loss of an associate, exceptional Items and tax. Key Performance Highlights - Q1 FY27 ▪ Gross Transaction Value (GTV) stood at ₹5,524.33 Cr in Q1 FY27, registering a 19% YoY growth compared to Q1 FY26 ▪ Revenue from Operations grew by 13% YoY to ₹356.75 Cr in Q1 FY27 from ₹316.05 Cr in Q1 FY26 ▪ Contribution Margin (CM) increased 13% YoY to ₹144.94 Cr in Q1 FY27 ▪ EBITDA increased by 65% YoY at ₹53.52 Cr for Q1 FY27 as compared to the same period in the previous year. Adjusted EBITDA (EBITDA plus ESOP Expenses less Other Income) stood at ₹29.24 Cr in Q1 FY27 ▪ Profit Before Tax, Share of Loss of Associates and Exceptional items is at ₹48.14 Cr in Q1 FY27, from ₹28.66 Cr in Q1 FY26 ▪ Q1 FY27 also recorded an all-time high Profit After Tax at ₹34.24 Cr compared to ₹18.94 Cr in Q1 FY26, reflecting a 81% YoY increase Earnings Release The questions here are drawn from two main sources: those most frequently asked by our investors during the quarter, and those that we anticipate investors may have based on the company’s results. The aim is to address both themes and forward-looking queries that reflect investor curiosity and market perspectives. In case there are questions that you would want answered in the next quarter, please send an email to ir@ixigo.com Effective 1st April 2026, the Company has changed the presentation currency denomina- tion for its financial results from INR Millions to INR Crores. Ques 1. Your Revenue and Contribution Margin seem to have grown decently year on year despite industry challenges. When does this translate into operating leverage at the EBITDA level? Saurabh: This is an important question, because even amid changing market conditions, our scaled businesses across Trains, Flights, and Buses continue to demonstrate operating leverage. The newer businesses, most notably Hotels, are still in the investment phase, so operating leverage will follow over time. Similarly, the investments we are making in AI can have a slightly higher cost impact in the first few quarters and then start showing up as efficiencies over the later ones. What investors are seeing at the consolidated EBITDA level is us reinvesting operating leverage into the next phase of growth. This quarter, there were three primary areas of investment. The first is Hotels. We are investing both above and below the contribution margin line for market creation. At the transaction level, we are incentivising our own captive users to try out our hotel offering for the first time, which helps us learn which cohorts and supply work best for our base, while allowing us to improve the customer experience and refine the product towards achieving product-market fit. At the same time, we are investing in the team, technology and supply capabilities needed to build a scaled hotel business. Those investments flow through our EBITDA today. Second is technology and AI, particularly on our next-generation AI platform ixigo NEXT, which Rajnish will talk about. Then there are brand and marketing investments. As I have discussed before, some quarters will see higher brand and marketing spend than others, as we time these investments to maximise their impact. We plan marketing during periods when customer acquisition is most efficient or when we see opportunities to justify the return on investment - which also can take a year or more to fathom. Q1’FY27 included ConfirmTkt IPL spends and an AbhiBus campaign in certain southern states, making it a more loaded brand investment quarter. We may choose to undertake or not undertake certain brand spends in a particular quarter depending on seasonality, budgets, the market environment, competitive positioning and other factors. Rajnish: Technology is going through the most important inflection point of our times. Over the last few quarters, we've invested in building ixigo NEXT, our AI-native platform. That has required upfront investment in engineering talent, AI infrastructure and model usage. Additionally, we have recently been training our own Small Language Models Q1 FY27 | Aug 06, 2026 (SLMs) for ixigo NEXT - and some of those costs are one-time expenses given that initial model training is more resource-intensive. The other kind of cost escalation you are seeing over the last few quarters is the cost of tokens, which in some way will help us generate operating leverage on employee costs, since we can get a lot more shipped without inflating our headcount too much. Building our own coding harness will further help us optimize these costs by allowing us to choose the right model for the right task based on complexity and cost. The costs of these AI initiatives naturally show up before the productivity benefits do, and I expect that we will see tech costs normalize within the next few quarters. What gives us confidence is that AI is unlike traditional software investment. Once the platform is in place, we expect it to improve develope [Showing first 8,000 characters — download PDF for full document]