Shares of Le Travenues Technology Ltd, the parent of travel‑aggregator ixigo, jumped 15.2% to an all‑time high of ₹200 on the BSE after the company reported a 28% year‑on‑year rise in Q1 FY26 net profit to ₹19 crore.
Revenue from operations surged 73% to ₹314.4 crore, while gross transaction value climbed 55% to ₹4,644.6 crore, driven by strong growth across train, bus and flight bookings.
Ixigo’s train‑ticketing arm remained the largest revenue contributor, accounting for 41.3% of total sales as passenger volumes rose 74% year‑on‑year. Bus bookings, powered by subsidiary AbhiBus, grew 26% in passenger numbers and represented 24.4% of revenue. Flight bookings also delivered strong gains, with transaction value up 81% and contributing 32.8% of aggregate revenues.
“Our outstanding growth in categories such as buses and flights stems from our customer‑centric approach, cross‑sell capabilities, tech DNA and AI‑driven efficiencies,” said Group CEO Aloke Bajpai in the post‑earnings release. He noted that all three verticals turned profitable in the quarter, with train bookings’ operating revenue climbing 20% to ₹129.9 crore and flight revenues more than doubling to ₹103.2 crore.
Despite these accomplishments, ixigo faced industry headwinds in Q1, including the Air India AI 171 crash in June and regional airspace closures amid geopolitical tensions, which temporarily dented passenger confidence and international flight growth. Bajpai remarked that recovery was swift, with the ecosystem adapting quickly to restore service levels and demand.
Ixigo’s business model rests on three pillars: Confirmtkt for trains, AbhiBus for buses and its core ixigo app for flights, leveraging cross‑selling and a captive user base to deepen engagement and monetisation.
Ixigo ESOPs Allocation
Ixigo has also granted 211,912 stock options under its ESOP schemes (ESOS 2013, 2020, 2021 and 2024).
The options have been issued at an exercise price of ₹93 per share and will vest over four years in equal annual tranches.
At the current market price of ₹178.6 per share, the total value of the grant is approximately ₹3.78 crore, implying a per‑option value gain of ₹85.6 for eligible employees.
Ixigo reported a 72% growth in scale in the last quarter of FY25, with revenue of ₹284 crore in Q4 FY25. Meanwhile, its year‑on‑year profits increased by 2.4 times to ₹17 crore during the same period.
