Latest news with #RajnishKumar
Time of India
2 days ago
- Business
- Time of India
Ixigo shares slide 6% after hitting record high post Q1 FY26 results
Shares of Le Travenues Technology , the parent company of travel platform ixigo , declined 6% to Rs 201.7 on Friday after touching a record high of Rs 215 in intraday trade. The drop follows a sharp 19% surge in the previous session, driven by the company's strong Q1FY26 earnings. Ixigo Q1 performance Explore courses from Top Institutes in Select a Course Category MBA healthcare Digital Marketing Leadership Degree Project Management others Finance Product Management Healthcare Data Science Design Thinking Others Artificial Intelligence MCA PGDM CXO Operations Management Management Public Policy Data Science Data Analytics Cybersecurity Technology Skills you'll gain: Financial Management Team Leadership & Collaboration Financial Reporting & Analysis Advocacy Strategies for Leadership Duration: 18 Months UMass Global Master of Business Administration (MBA) Starts on May 13, 2024 Get Details Skills you'll gain: Analytical Skills Financial Literacy Leadership and Management Skills Strategic Thinking Duration: 24 Months Vellore Institute of Technology VIT Online MBA Starts on Aug 14, 2024 Get Details Ixigo reported a 73% year-on-year (YoY) jump in revenue from operations to Rs 314.5 crore for the June quarter. Net profit rose 27% YoY to Rs 19 crore, while gross transaction value (GTV) climbed 55% to Rs 4,644.7 crore, led by an 81% growth in flight and bus segments and a 30% increase in train GTV. EBITDA for the quarter rose 69% YoY to Rs 32.5 crore, while adjusted EBITDA (which includes ESOP expenses and excludes other income) stood at Rs 31.4 crore, marking a 54% rise from Rs 20.3 crore in the same quarter last year. Rajnish Kumar, group co-CEO, ixigo and Aloke Bajpai, group CEO, ixigo said the company continues to see rapid growth and has hit new 'all-time highs.' They said the growth in categories such as buses and flights stems from a customer-centric approach, ability to cross-sell and up-sell to the captive user-base, AI-driven efficiencies and enhanced brand awareness. Saurabh Devendra Singh, group CFO, Ixigo, said quarter one of financial year 2026 is another strong quarter, with 'record' revenue and profits across all key verticals. "The 54% increase in adjusted EBITDA and 76% growth in PBT (excluding exceptional items) demonstrate the strength of our operating model and disciplined execution. We remain committed to driving sustainable growth," he added. The company said it crossed 10,000 daily meal deliveries with Zoop, with over 20 lakh meals served across 200+ stations since October 2024. ixigo's bus business, AbhiBus partnered with global travel platform CheckMyBus to expand the reach of its bus inventory to international travellers. The company said its bus and train segments continue to gain traction, particularly in the bus and train segments. In quarter one of the financial year 2026, train bookings by Gen Z travellers (aged 18-30) on ixigo rose 45% year on year, with Mumbai, Delhi, Kolkata, Visakhapatnam, and Pune emerging as the fastest-growing markets. Bus bookings from this cohort saw even sharper growth, rising 56% year on year, led by Indore, Lucknow, and Nagpur. Train bookings by solo female travellers grew by 123% year on year for the company. ixigo said it is deepening its investment in agentic AI and automation to drive scalable, 'customer-first innovation'. The company said key AI led initiatives for the quarter under review include voice-led customer support, enhanced AI-based personalisation, and expanding bundled offerings like travel insurance and visa rejection protection. The company said its quarter one flash sales for flights and hotels were driven by AI-led videos and creatives, reducing production costs to just 0.1% of traditional budgets. Ixigo share price target According to Trendlyne, the average target price for Ixigo is Rs 207, indicating a potential upside of nearly 1% from current levels. Of the 3 analysts tracking the stock, the consensus rating is 'Strong Buy'. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Economic Times
2 days ago
- Business
- Economic Times
Ixigo shares slide 6% after hitting record high post Q1 FY26 results
Ixigo shares: The decline comes after a sharp 19% rally in the previous session, fueled by the company's robust Q1FY26 earnings performance. Synopsis Ixigo shares: Ixigo recorded a 73% year-on-year rise in revenue from operations, reaching ₹314.5 crore in the June quarter. Net profit grew by 27% YoY to ₹19 crore, while gross transaction value (GTV) rose 55% to ₹4,644.7 crore, driven by strong performance in the flight and bus segments (up 81%) and a 30% increase in train GTV. Shares of Le Travenues Technology, the parent company of travel platform ixigo, declined 6% to Rs 201.7 on Friday after touching a record high of Rs 215 in intraday trade. The drop follows a sharp 19% surge in the previous session, driven by the company's strong Q1FY26 earnings. ADVERTISEMENT Ixigo reported a 73% year-on-year (YoY) jump in revenue from operations to Rs 314.5 crore for the June quarter. Net profit rose 27% YoY to Rs 19 crore, while gross transaction value (GTV) climbed 55% to Rs 4,644.7 crore, led by an 81% growth in flight and bus segments and a 30% increase in train GTV. EBITDA for the quarter rose 69% YoY to Rs 32.5 crore, while adjusted EBITDA (which includes ESOP expenses and excludes other income) stood at Rs 31.4 crore, marking a 54% rise from Rs 20.3 crore in the same quarter last year. Rajnish Kumar, group co-CEO, ixigo and Aloke Bajpai, group CEO, ixigo said the company continues to see rapid growth and has hit new 'all-time highs.' They said the growth in categories such as buses and flights stems from a customer-centric approach, ability to cross-sell and up-sell to the captive user-base, AI-driven efficiencies and enhanced brand Devendra Singh, group CFO, Ixigo, said quarter one of financial year 2026 is another strong quarter, with 'record' revenue and profits across all key verticals. ADVERTISEMENT "The 54% increase in adjusted EBITDA and 76% growth in PBT (excluding exceptional items) demonstrate the strength of our operating model and disciplined execution. We remain committed to driving sustainable growth," he company said it crossed 10,000 daily meal deliveries with Zoop, with over 20 lakh meals served across 200+ stations since October 2024. ADVERTISEMENT ixigo's bus business, AbhiBus partnered with global travel platform CheckMyBus to expand the reach of its bus inventory to international company said its bus and train segments continue to gain traction, particularly in the bus and train segments. In quarter one of the financial year 2026, train bookings by Gen Z travellers (aged 18-30) on ixigo rose 45% year on year, with Mumbai, Delhi, Kolkata, Visakhapatnam, and Pune emerging as the fastest-growing markets. Bus bookings from this cohort saw even sharper growth, rising 56% year on year, led by Indore, Lucknow, and Nagpur. ADVERTISEMENT Train bookings by solo female travellers grew by 123% year on year for the company. ixigo said it is deepening its investment in agentic AI and automation to drive scalable, 'customer-first innovation'.The company said key AI led initiatives for the quarter under review include voice-led customer support, enhanced AI-based personalisation, and expanding bundled offerings like travel insurance and visa rejection protection. The company said its quarter one flash sales for flights and hotels were driven by AI-led videos and creatives, reducing production costs to just 0.1% of traditional budgets. ADVERTISEMENT According to Trendlyne, the average target price for Ixigo is Rs 207, indicating a potential upside of nearly 1% from current levels. Of the 3 analysts tracking the stock, the consensus rating is 'Strong Buy'. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel) Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains NEXT STORY
Economic Times
3 days ago
- Business
- Economic Times
Ixigo shares jumps 14%, hits 52-week high after strong Q1 results
Shares of Le Travenues Technology (Ixigo) surged 14.27% to hit a 52-week high of Rs 209 on NSE on Thursday after the company posted strong Q1FY26 results. ADVERTISEMENT Revenue from operations rose 73% year-on-year (YoY) to Rs 314.5 crore, while net profit increased 27% YoY to Rs 19 crore. Gross transaction value (GTV) for the quarter stood at Rs 4,644.7 crore, up 55% YoY, driven by an 81% rise in flight and bus GTV and a 30% increase in train GTV. EBITDA rose 69% YoY to Rs 32.5 crore. Adjusted EBITDA (EBITDA plus ESOP expenses less other income) grew 54% to Rs 31.4 crore from Rs 20.3 crore a year ago. Also Read: 9 undervalued mid-cap stocks with upside potential of up to 23% Rajnish Kumar, Group Co-CEO of ixigo, and Aloke Bajpai, Group CEO of ixigo, said the company continues to witness rapid growth and has achieved new all-time highs . They attributed the growth in categories such as buses and flights to a customer-centric approach, the ability to cross-sell and up-sell to a captive user base, AI-driven efficiencies, and enhanced brand awareness. Saurabh Devendra Singh, Group CFO of ixigo, said the first quarter of FY26 was another strong period, delivering record revenue and profits across all key verticals. ADVERTISEMENT 'The 54% increase in adjusted EBITDA and 76% growth in PBT (excluding exceptional items) demonstrate the strength of our operating model and disciplined execution. We remain committed to driving sustainable growth,' he company said it crossed 10,000 daily meal deliveries via Zoop, with over 20 lakh meals served across 200+ stations since October 2024. ADVERTISEMENT ixigo's bus business, AbhiBus, partnered with global travel platform CheckMyBus to expand the reach of its bus inventory to international company added that its bus and train segments continue to gain traction. In Q1 FY26, train bookings by Gen Z travellers (aged 18–30) rose 45% year-on-year, with Mumbai, Delhi, Kolkata, Visakhapatnam, and Pune emerging as the fastest-growing markets. Bus bookings from this cohort surged 56% YoY, led by Indore, Lucknow, and Nagpur. ADVERTISEMENT Train bookings by solo female travellers grew 123% YoY. ixigo said it is deepening investment in agentic AI and automation to drive scalable, customer-first innovation .Key AI-led initiatives for the quarter included voice-based customer support, enhanced AI-driven personalisation, and expanded bundled offerings like travel insurance and visa rejection protection. ixigo also noted that its Q1 flash sales for flights and hotels were powered by AI-generated videos and creatives, cutting production costs to just 0.1% of traditional budgets. Also Read: SBI, Federal Bank among 11 banks that saw NPA improvement in Q4 (Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Business Standard
3 days ago
- Business
- Business Standard
Le Travenues Technology (Ixigo) spurts as Q1 PAT jumps 28% YoY to Rs 19 cr
Le Travenues Technology (Ixigo) soared 13.90% to Rs 204 after the company reported a 28.48% jump in consolidated net profit to Rs 19.08 crore on 72.89% increase in net sales to Rs 314.47 crore in Q1 FY26 over Q1 FY25. Profit before tax soared 46.05% year on year to Rs 26.32 crore in the quarter ended 30 June 2025. Total expenses jumped 74.25% to Rs 292.77 crore in Q1 FY26. Employee expenses stood at Rs 52.37 crore (up 37.63% YoY) during the quarter. EBITDA jumped 69% year on year to Rs 32.5 crore in Q1FY26. On the segmental front, revenue from the flight booking business surged 148.6% YoY to Rs 103.19 crore, while train booking revenue rose 29.3% YoY to Rs 129.92 crore. Bus segment revenue jumped 93.4% YoY to Rs 76.63 crore in Q1FY26. Gross Transaction Value (GTV) rose 55% YoY to Rs 4,644.7 crore in Q1FY26, driven by strong growth in flight and bus segments, which saw an 81% YoY surge. Train GTV registered a 30% YoY increase during the quarter. The companys contribution margin (CM) rose 48% YoY to Rs 128.1 crore in Q1FY26. Rajnish Kumar, Group Co-CEO, ixigo and Aloke Bajpai, Group CEO, ixigo, stated: We continue to see rapid growth and have hit new all-time highs. Our outstanding growth in categories such as buses and flights stems from our unique playbook that combines a customer-centric approach, ability to cross-sell and up-sell to our captive user-base, our tech-centric DNA, AI-driven efficiency, and enhanced brand awareness. Saurabh Devendra Singh, Group CFO, ixigo, added: Q1 FY26 is another strong quarter, with record revenue and profits across all our key verticals. The 54% increase in adjusted EBITDA and 76% growth in PBT (excluding exceptional items) demonstrate the strength of our operating model and disciplined execution. We remain committed to driving sustainable growth. Meanwhile, the board has approved the re-appointment of Aloke Bajpai as chairman, managing director (MD), and group CEO, subject to shareholders approval at the upcoming annual general meeting (AGM). Further, the company has acquired an additional 11% equity stake in its subsidiary, Zoop Web Services for a total consideration of Rs 3.25 crore. Le Travenues Technology was founded in 2006 and is an online travel agency (OTA) that enables travelers to book train, flight, and bus tickets as well as hotels via its OTA platforms under the brand name ixigo.
&w=3840&q=100)
Business Standard
3 days ago
- Business
- Business Standard
ixigo share skyrockets 15%, hits record on Q1 show; profit jumps 28% YoY
ixigo share price: Shares of ixigo, owned and operated by Le Travenues Technology Ltd were buzzing in trade on Thursday, July 17, 2025, with the scrip rallying up to 15.2 per cent to hit a fresh record high (all-time high) of ₹206.4 per share. At 11:30 AM, Ixigo share price was trading 13.96 per cent at ₹204.10 per share. In comparison, BSE Sensex was trading 0.13 per cent lower at 82,524.83 levels. What triggered the sharp rally in ixigo share price today? ixigo share price rose after the company posted a healthy set of numbers in the June quarter of financial year 2026 (Q1FY26) results. The company's profit rose 27.7 per cent year-on-year (Y-o-Y) to ₹18.9 crore in the June quarter of FY26, from ₹14.8 crore in the same quarter previous fiscal year. ixigo's revenue climbed 72.9 per cent Y-o-Y to ₹314.4 crore in Q1FY26, from ₹181.8 crore in Q1FY25. At the operating level, earnings before interest, tax, depreciation and amortisation zoomed 53 per cent Y-o-Y to ₹25.4 crore in the June quarter of FY26, from ₹16.6 crore in the June quarter of FY25. Ebitda margin, however, squeezed 100 basis points (bps) to 8.1 per cent in the quarter under review, as against 9.1 per cent in the same period last year. On Q1 show, Saurabh Devendra Singh, group CFO, ixigo, said, 'Q1FY26 is another strong quarter, with record revenue and profits across all our key verticals. The 54 per cent increase in adjusted Ebitda and 76 per cent growth in PBT (excluding exceptional items) demonstrate the strength of our operating model and disciplined execution. We remain committed to driving sustainable growth.' Moreover, the company's gross transaction value (GTV) came in at ₹4,644.7 crore in Q1FY26, growing 55 per cent Y-o-Y. Its Flight and Bus GTV led the growth with 81 per cent increase Y-o-Y while Train GTV grew 30 per cent Y-o-Y for Q1FY26 versus Q1FY25. Meanwhile, Rajnish Kumar, group co-CEO, ixigo and Aloke Bajpai, group CEO, ixigo, jointly said: 'We continue to see rapid growth and have hit new all-time highs. Our outstanding growth in categories such as buses and flights stems from our unique playbook that combines a customer-centric approach, ability to cross-sell and up-sell to our captive user-base, our tech-centric DNA, AI-driven efficiency, and enhanced brand awareness.' About ixigo Founded in 2007 by Aloke Bajpai and Rajnish Kumar, ixigo (Le Travenues Technology Limited) is a travel technology company that helps Indian travellers plan, book, and manage trips across trains, flights, buses, and hotels. Using artificial intelligence (AI) and proprietary algorithms, ixigo offers smart travel solutions through its suite of apps - ixigo, ConfirmTkt, and AbhiBus. These platforms enable users to book tickets, find accommodations, hire cabs, and access a range of travel utilities powered by crowd-sourced data. In FY25, the company reported over 54 crore Annual Active Users, establishing itself as a leading online travel agency (OTA) catering to India's Next Billion Users.
