IXIGO

- Le Travenues Technology Limited received a partially favourable Order dated November 3, 2026, from the National Faceless Appeal Centre (NFAC) for Assessment Year 2022-23. - NFAC granted relief of ₹29.53 crore against total additions of ₹46.25 crore, while sustaining additions of ₹16.72 crore, which will substantially reduce the initial tax demand of ₹19.29 crore. - The Company plans to file an appeal before the Income Tax Appellate Tribunal (ITAT) against the sustained additions.

Current Scenario - Q2 FY27 GTV stood at ₹5,304 Cr (up 22% YoY) and revenue from operations reached ₹321 Cr (up 13% YoY). - Adjusted EBITDA was ₹23.58 Cr vs ₹28.48 Cr in Q2 FY26; reported PAT stood at ₹63.42 Cr, aided by a ₹40.66 Cr exceptional gain from partial stake sale in Freshbus. - Total cash and cash equivalents stood at ₹1,831.71 Cr net of borrowings. Segment Performance - Trains: Passenger segments grew 7% YoY with revenue up 16% to ₹149.14 Cr; market share in OTA rail is ~64%. - Buses: Compounded strongly with GTV up 32% YoY to ₹752.65 Cr and contribution margin at 53%. - Flights: Impacted by capacity constraints and ~30% higher airfares; GTV grew 37% but segment revenue fell 8% to ₹82.66 Cr due to higher discounting. - Hotels: Disclosed as a separate segment; GTV grew 2.6x YoY to ₹111.34 Cr with 4.7 lakh room nights and a gross take rate exceeding 12%. Management Guidance & Growth Drivers - Cautious near-term outlook on the flight segment due to high airfares and softer festive demand. - Hotels targeted to be the fastest-growing business, aiming to become the largest budget/mid-market OTA over the next 4-5 years with quarterly investments around ₹10-12 Cr. - Continued focus on proprietary AI tools (TARA, Smart Lock, ixigo NEXT) to drive automated customer resolutions and agentic booking experiences.

- Audio recording of the Earnings Call held on October 19, 2026, for Q2 and H1 ended September 30, 2026, is made available. - Link to the recording has been provided in the filing for investor access.

- Q2 FY27 GTV grew 22% YoY to ₹5,304.47 Cr; Revenue from Operations rose 13% YoY to ₹320.96 Cr. - Delivered all-time high PAT of ₹63.42 Cr, aided by partial stake sale in Freshbus. - Hotels emerged as a key growth engine with GTV up 159% YoY to ₹111.34 Cr.

- Q2 FY27 GTV grew 22% YoY to ₹5,304.47 Cr; Revenue from Operations rose 13% YoY to ₹320.96 Cr. - Adjusted EBITDA fell 17% YoY to ₹23.58 Cr due to scaling investments in the Hotels business. - PAT reached an all-time high of ₹63.42 Cr, boosted by a ₹40.66 Cr Freshbus stake sale gain.

- Submitted Investor Presentation for Q2 and H1 FY27 ended September 30, 2026. - Recorded 8.63 Cr MAU and 30% ancillary attach rate during Q2 FY27. - Lifetime registered users reached 41.75 Cr with 94% penetration across Tier II and III towns.

Q2 FY27 Consolidated Revenue ₹320.96 Cr vs ₹284.23 Cr (▲12.9% YoY) EBITDA ₹56.23 Cr vs -₹5.19 Cr (Turnaround YoY) PAT ₹63.42 Cr vs -₹3.46 Cr (Turnaround YoY) EBITDA Margin 17.5% vs -1.8% (▲1,932bps YoY)