Transcript of Earnings Call on Financial Results for the quarter ended June 30, 2026

August 13, 2026 LTTL/L&S/2026-27/08/13 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 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Transcript of Earnings Call - Financial Results for the 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 transcript of the Earnings Call conducted on August 06, 2026, pertaining to the financial results of the Company for the quarter ended June 30, 2026. This transcript is also 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) Le Travenues Technology Limited (“ixigo”) Q1, FY27 Earnings Conference Call August 06, 2026 MANAGEMENT: MR. ALOKE BAJPAI – CHAIRMAN, MANAGING DIRECTOR & GROUP CHIEF EXECUTIVE OFFICER, LE TRAVENUES TECHNOLOGY LIMITED MR. RAJNISH KUMAR – DIRECTOR & GROUP CO- CHIEF EXECUTIVE OFFICER, LE TRAVENUES TECHNOLOGY LIMITED MR. SAURABH DEVENDRA SINGH – GROUP CHIEF FINANCIAL OFFICER, LE TRAVENUES TECHNOLOGY LIMITED MODERATOR: MR. ANMOL GARG – DAM CAPITAL ADVISORS LIMITED Page 1 of 21 Le Travenues Technology Limited (“ixigo”) August 06, 2026 Moderator: Ladies and gentlemen, good day and welcome to Le Travenues Technology Limited, also known as ixigo Q1, 26 & Q1, 27 Earnings Conference Call, hosted by DAM Capital. This conference call may contain forward-looking statements about the company that are based on beliefs, opinions and expectations of the company as of the date of this call. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict. As a reminder, all participants will be in listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing “*”, then “0” on your touch-tone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Anmol Garg from DAM Capital. Thank you, and over to you, Anmol. Anmol Garg: Thank you, Danish. Good evening, everyone. On behalf of DAM Capital, I welcome you all to ixigo’s Q1 FY27 Earnings Call. We have with us Mr Aloke Bajpai – Chairman, MD and Group CEO of the company; Mr. Rajnish Kumar – Director and Group Co-CEO of the company; Mr. Saurabh Devendra Singh – Group CFO of the company. Now, before I hand over the call to Aloke, Saurabh and Rajnish, I would like to highlight the safe harbour statement on the 2nd Slide of the presentation, and it is assumed to be read and understood. I now hand over the call to you, Aloke. Thank you, and over to you, Aloke. Aloke Bajpai: Thank you. Good evening, everyone. And thank you for joining us for ixigo’s Q1 FY27 Earnings Call. If I had to describe this quarter in one sentence, I would say that “it demonstrated the value of having more than one engine of growth”. The external environment was not particularly cooperative. The Iran conflict affected not just international flights, but also domestic ones through the second-order impact of oil prices on airfares. Aviation capacity remained constrained and airfares were at the highest levels we have seen. The train ticketing ecosystem continued to operate under policy constraints, yet against this backdrop, our diversified platform continued to grow, our scaled businesses remained profitable, and we continued gaining share in all the categories we operate in. We finished the quarter with an all-time high GTV of Rs. 5524 crores up 19% Y-o-Y, revenue from operations of Rs. 356.75 crores up 13% Y-o-Y and profit after tax of Rs. 34.24 crores up Page 2 of 21 Le Travenues Technology Limited (“ixigo”) August 06, 2026 81% Y-o-Y. Our adjusted EBITDA came in at Rs. 29.24 crores, lower by 7% than the same quarter last year. This quarter also illustrates an important point about how we manage ixigo. We do not run each quarter to maximize the reported margin of that quarter. We try to maximize the long-term value of the platform while operating within disciplined financial guardrails. Our more mature businesses, across trains, flights and buses, continue to generate operating leverage. We are choosing to reinvest a part of that into two areas where we see significant long-term opportunity: hotels and AI. That investment is visible in our current cost base; it is also intentional. Let me begin with buses, which continues to be the strongest part of our portfolio: Our bus business is now our largest vertical by contribution margin and continues to grow substantially faster than the broader market. Some of the category tailwinds are structural: continued highway development, growth in bus capacity and travelers increasingly using buses when confirmed train inventory is unavailable. Higher airfares also made ground transport relatively more attractive. But the more important story is that AbhiBus is outperforming the category. Our year-on-year GDP growth came in at 39%, much higher than that of the market, and it even exceeded 60% in 17 of the states we operate in, including large markets such as Delhi, Odisha, Uttarakhand, West Bengal and Himachal Pradesh, as well as in several states in the Northeast. This is not growth concentrated in one region or driven by one campaign; it reflects deeper supply, stronger local execution and better products. We recently expanded our government bus inventory through an integration with the West Bengal state transport network. We are also solving some of the most basic anxieties associated with bus travel through product innovation. Our roadside assistance program, for instance, provides eligible travelers with a replacement taxi to their destination in the event of a bus breakdown or accident. It is now available across 20 states and covers approximately 95% of our bookings, with an AC taxi typically showing up within 45 to 60 minutes of a breakdown even in the middle of a highway. These interventions may sound operational, but they have strategic value. When we reduce uncertainty for the traveler we improve trust; when we improve trust, we improve conversion, repeat behaviour, and word of mouth and when better products are combined with broader supply, the marketplace compounds most efficiently. We are also expanding beyond consumer apps. BusBiz from Abibus enables offline and smaller travel agents to access and sell bus inventory and ancillary services through a single platform. It is already contributing its share of transactions while allowing us to address demand that was previously difficult to reach digitally. So, although buses are already our largest business by Page 3 of 21 Le Travenues Technology Limited (“ixigo”) August 06, 2026 contribution margin and the fastest-growing one, we believe there is still plenty of road ahead, no pun intended. Let me now turn to flights: The aviation market faced an unusually difficult operating environment during the quarter. The Iran conflict and its second-order impact on oil prices contributed to capacity reductions and sharp fare inflation. Domestic average transaction values or fares on our platform increased 22% year-on-year and 13% sequentially. International average transaction values increased 38% year-on-year and nearly 30% sequentially. Industry passenger growth was negligible domestically and the internati [Showing first 8,000 characters — download PDF for full document]