Shares of Le Travenues Technology, the parent company of travel-tech platform Ixigo, surged 15% on July 17 to a record high of ₹206.20, as investors cheered for the company’s strong performance for the April–June quarter of FY26.
The upbeat reaction comes as the firm delivered solid growth across revenue and profit metrics, with key verticals such as flights, buses, and trains all contributing to the expansion.
For the June quarter, Ixigo reported a 73% year-on-year increase in revenue to ₹314.4 crore. Profitability also improved steadily, with Ebitda rising 53.4% to ₹25.47 crore, and net profit surging 27.7% to ₹18.9 crore. The company’s strong performance was powered by sustained demand across categories and a growing customer base, especially in tier 2 and tier 3 markets.
The flights segment stood out as a major driver, with revenue more than doubling to ₹103.1 crore, an annual growth of 2.5 times. Ebit for the segment also recorded a sharp jump, doubling year-on-year to ₹42.9 crore.
The buses segment also delivered a robust show, with revenue rising 93.4% to ₹76.6 crore, and Ebit growing 43.5% to ₹42.2 crore. The train vertical, Ixigo’s traditional strength, recorded much more modest growth in comparison, at 29.4% rise in revenue to ₹129.9 crore, though Ebit margins dipped slightly to 31.6% from 35.9% a year ago.
Overall, the company reported a Gross Transaction Value (GTV) of ₹4,467 crore for the quarter, up 55% from the year-ago period. On an adjusted basis, Ebitda grew by 51.4% on year, on the back of steady operating leverage despite rising costs across the travel industry.
Ixigo also mentioned demographic shifts as a contributing factor to this growth. In its exchange filing, the company highlighted a marked rise in bookings by solo female travellers, a segment growing at a rapid clip. Train bookings by solo women rose 123% year-on-year, while women accounted for 27% of solo bus bookings. The trend reflects a broader behavioural change in travel habits, with more women choosing independent travel routes.
Management also credited the growth to Ixigo’s customer-focused operating model and investment in technology. “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, the ability to cross-sell and up-sell to our captive user base, our tech-centric DNA, AI-driven efficiency, and enhanced brand awareness,” said Rajnish Kumar, Group Co-CEO, and Aloke Bajpai, Group CEO, in a joint statement.
