Market Updates:
Today, Nifty 50 opened at 25,230.75, made its high/low at 25,238.35/ 25,101.00 respectively, and closed with a fall of 101.80 points (0.40%) at 25,110.25 whereas Sensex opened at 82,753.53, made its high/low at 82,757.09/ 82,219.27 respectively, and closed with a fall of 375.23 points (0.45%) at 82,259.24. So, Both Nifty and Sensex has shown negative performance today. Here we are discussing about an Indian online travel company named Le Travenues Ltd.
Introduction
Le ravenues Technology Ltd is popularly known as ixigo. It’s an online travel tech company specializing in train, flight, and bus bookings, primarily targeting Tier 2 and Tier 3 cities in India. The company is registered at Gurugram, Delhi. The company was listed nearly 98 times in both NSE and BSE which was one of the robust IPO subscriptions during that period on June 18, 2024. IXIGO has gained attention of investors for its AI-driven platform and fast-growing transaction volumes. It is small cap company having market cap ₹ 8,036 Crore. The company has closed in 20% upper circuit today. Here are the key reasons:
a. Blowout Q1 FY26 Results
The company Le Travenues Technology (ixigo) has delivered an excellent performance in Q1 of FY26.
The revenue of the company has jumped to 73% (In June 2024 it was ₹181 crore whereas In June 2025 it is ₹314 crore). Accordingly, the net profit has reported to 27% jump (In June 2024 it was ₹15 crore whereas In June 2025 it is ₹19 crore). hence EPS has changed from 0.38 to 0.49.
The robust performance in Q1 FY25 quarter compared to Q1in FY24 is indicating the company’s ability to scale net profit by managing well expenses amid competitive travel tech landscape.
b. Explosive Gross Transaction Value (GTV) Growth
IXIGO has reported a sharp surge in Gross Transaction Value (GTV) in Q1 FY26. GTV was increased 55% YoY and has reached ₹4,644 crore. The growth was due to strong performance across all major verticals like flights and buses segment which was recorded a remarkable 81% YoY jump in GTV, while the train segment grew by 30%. More importantly, the bus ticketing business saw a 93% increase in revenue, highlighting the growing demand for ixigo’s offerings in Tier 2 and Tier 3 cities. Due to the increasing user engagement IXIGO plays an important role across India’s travel ecosystem.
c. Analyst Upgrades
JM financial maintained a “BUY”, with a target ₹220 and due to robust GTV expansion and margin surpass.
Strategic AI‑Driven Growth Initiatives
According to management, “Due to AI-driven operational improvements such as voice support, personalized offerings, and cost-efficient multimedia campaigns, the train and bus booking volumes pushing by 45–123% YoY. Mostly the growth has due to in demographics such as Gen Z and solo female travellers”.
Conclusion:
Despite of being a small cap company, Ixigo’s strong Q1 FY26 results, rapid GTV growth, and expanding presence across multiple travel segments show its solid business strategy. The company still focused on to grow market share and continued investment in AI-driven solutions which has gained the investor confidence in ixigo’s long-term potential.