Latest news with #ixigo
Business Upturn
12 hours ago
- Business
- Business Upturn
ixigo shares hit new 52-week high, jump over 4% on heavy volume
ixigo shares jumped over 4% in today's trade, supported by strong volumes. As of 11:55 AM, the shares were trading 3.98% higher at Rs 229.60. The stock opened at ₹219 and touched a fresh 52-week high of ₹230, with the day's low at ₹217.00. This surge reflects continued investor interest since its recent listing. The stock has more than doubled from its 52-week low of ₹117, highlighting strong market sentiment and positive momentum around the travel-tech company. Ixigo continues to attract attention in the broader tech and digital travel space. ixigo Q1 Results Ixigo (Le Travenues Technology Ltd.) delivered a solid performance for Q1 FY26, posting strong growth across key financial metrics. The company's revenue from operations jumped 73% year-on-year to ₹314.47 crore, while total income rose 74% to ₹321.43 crore. Despite higher expenses, Ixigo's profit before tax climbed 85% to ₹26.33 crore, and net profit came in at ₹18.94 crore, up 27% from the same period last year. The strong quarterly results reflect growing travel demand, a broader user base, and better operational execution. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Time of India
5 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
5 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
&w=3840&q=100)
Business Standard
5 days ago
- Business
- Business Standard
Breakout stocks: ixigo, 5 other smallcap shares ripe for up to 32% rally
Smallcap stocks - ixigo, Hinduja Global, Gujarat Apollo, Radhika Jeweltech, Ksolves India and Mirc Electronics witnessed a breakout on the daily chart on Thursday, July 17. Rex Cano Mumbai Listen to This Article Smallcap shares were seen outperforming the broader market on Thursday. As of 1 PM, the BSE SmallCap index was up 0.4 per cent, while the BSE Sensex was down 0.2 per cent, and the MidCap index up 0.2 per cent. Out of the 250 BSE Smallcap index shares, 156 were seen trading with gains. Among these 6 smallcaps namely - Le Travenues Technology (ixigo), Hinduja Global Solutions (HGS), Radhika Jeweltech, Ksolves India, Gujarat Apollo Industries and Mirc Electronics - rallied in the range of 9 - 20 per cent, and in the process gave a breakout on the daily
Economic Times
5 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)
