Ixigo hits a new high

Le Travenues Technology, the parent company of Ixigo is a big gainer today; from its close of Rs.179.10, the stock today opened higher at Rs.194.30 and rose to a new 52-week high at Rs.206.40.

This surge was on the back of very encouraging numbers for Q1FY26 wherein its revenue rose 73% (YoY) to Rs.314 crore; this was driven by higher bookings in train, bus, and flight segments across its app ecosystem (ixigo, ConfirmTkt, AbhiBus).

EBITDA was up 53% at Rs.25 crore and net profit came in at Rs.19 crore, up 28%.

During the quarter, ixigo trains and ConfirmTkt saw record rail bookings. AbhiBus delivered strong volumes in Tier-2/3 cities, especially during summer travel surge.

This stock got listed in June’24. Its IPO price was at Rs.93 and today its trading over Rs.200.

ixigo has managed to crack the Bharat travel market with unit economics discipline. Its focus on trains, buses, and budget flyers gives it an edge in a growing but price-sensitive segment.