| Revenue TTM | ₹1,198.91 CrOperating Revenue |
|---|---|
| Market Cap | ₹7,379.45 CrTravel Support |
| Net Profit Growth | 56.28%Quarterly YoY |
| Day RSI | 46.95Neutral Zone |
Key highlights
- AI Seat Finder is powered by TARA, an AI-native agent developed internally by ixigo
- The feature provides real-time alternatives for waitlisted routes in Hindi and English
- Ixigo reported a significant user base of 54 crore Annual Active Users in FY25
- Marketing campaign features RCB players Virat Kohli, Rajat Patidar, and Venkatesh Iyer
- Latest quarterly net profit grew 56.28% year-on-year to reach 24.26 crore
The Product — What It Is
AI Seat Finder is a conversational tool integrated into the ConfirmTkt app designed to navigate the complexities of Indian rail bookings. It activates during train searches to analyze real-time availability and suggest alternatives such as different boarding points or departure times. The system allows users to use natural language queries like requesting confirmed seats after a specific time or identifying the fastest reaching trains.
By moving away from multi-step manual searches, the feature provides a guided journey for travellers in both Hindi and English languages, specifically targeting high-traffic regions and non-metro users.
Commercial Opportunity
- Addresses the high drop-off rate of millions of users who fail to book due to waitlist uncertainty
- Leverages the official partnership with Royal Challengers Bengaluru to drive mass-market adoption during the cricket season
- Expands reach into the next billion users segment through bilingual conversational AI capabilities
- Strengthens the ConfirmTkt wallet ecosystem through seamless booking and instant refund features
- Utilizes a massive distribution network of over 54 crore annual active users reported in FY25
Financial Context
Le Travenues Technology has shown robust growth with quarterly revenue increasing 31.35% year-on-year to 317.56 crore. The company maintains an operating profit margin of 8.32% while net profit for the quarter surged by 56.28% compared to the previous year. Although the stock trades at a high price-to-earnings ratio of 129.72, the business generated 122.21 crore in annual cash from operating activities.
The launch of high-tech features like AI Seat Finder reflects the company's continued investment in proprietary technology to maintain its position in the competitive online travel agency sector.
Strategic AI Vision
With AI Seat Finder (powered by TARA), we are reimagining this experience by making it conversational and outcome-driven. Instead of navigating multiple options and screens, users can now simply express their intent and let the app guide them to the best possible journey.
“This is a significant step in our vision of building an AI-first travel experience that is simpler, more accessible and truly built around the needs of Indian travellers.”
| Share price | ₹168.41 |
|---|---|
| Market capitalisation | ₹7,379.45 Cr |
| Revenue (annual) | ₹914.25 Cr |
| Net profit (annual) | ₹60.18 Cr |
| Revenue (latest quarter) | ₹317.56 Cr+12.32% vs previous quarter |
| Net profit (latest quarter) | ₹24.26 Cr+863.64% vs previous quarter |
| P/E (TTM) | 129.72×Sector 34.49× |
| Promoter holding | 0%0.00% QoQ |
| FII holding | 64.19%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Le Travenues Technology Limited announcing the launch of AI Seat Finder and a new marketing campaign. Market figures from a third-party data provider.
