Shares of Le Travenues Technology Ltd., parent company of travel aggregator Ixigo surged as much as 20% on Thursday, July 17, in response to the company’s June quarter results.For the June quarter, the company’s revenue increased by 73% from last year to ₹314.4 crore, while its Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) grew by 53.4% on a year-on-year basis to ₹25.47 crore.
Net profit also increased by 27.7% from the year-ago period to ₹18.9 crore.
Newer verticals led the growth in Ixigo’s business during the June quarter, while the flights and buses business continued to showcase a strong performance.
The company’s flight business revenue increased by 148% from last year to ₹103.1 crore, while its EBIT also doubled year-on-year to ₹42.9 crore.Train business for Ixigo saw revenue growth of 29.4% to ₹129.9 crore, while EBT margins saw a dip to 31.6% from 35.9% last year.
Net profit also increased by 27.7% from the year-ago period to ₹18.9 crore.
Newer verticals led the growth in Ixigo’s business during the June quarter, while the flights and buses business continued to showcase a strong performance.
The company’s flight business revenue increased by 148% from last year to ₹103.1 crore, while its EBIT also doubled year-on-year to ₹42.9 crore.Train business for Ixigo saw revenue growth of 29.4% to ₹129.9 crore, while EBT margins saw a dip to 31.6% from 35.9% last year.
Buses business also saw growth of 93.4% last year to ₹76.6 crore, while EBIT increased by 43.5% from last year to ₹42.2 crore.
Gross Transaction Value (GVT) during the quarter stood at ₹4,467 crore, which is a growth of 55% from last year. The company’s EBITDA on an adjusted basis increased by 51.4% year-on-year.
In earlier interactions with CNBC-TV18, the company had aspired to move market share from mid-single-digit range to double-digit range.
Shares of Ixigo or le Travenues Tech ended 20% higher on Thursday at ₹214.75, which is a post-listing high for the stock.
First Published: Jul 17, 2025 9:42 AM IS
