Synopsis: A small cap company’s shares declined over 19 % in today’s trading session after announcing Q2 results.
A small cap company that is running online platforms to provide information and booking services for the travel industry is in the spotlight today after posting Q2FY26 results. Read the article below for detailed insights into its performance.
With a market capitalization of Rs. 10,435.49 crore, the shares of Le Travenues Technology Limited were trading at Rs. 267.30, down by 17.68 percent from its previous closing price of Rs. 324.70. In today’s trading session it has touched an intraday low of Rs. 261.95, implying an upside of 19.33 percent from previous close price.
Q2FY26 Results
Le Travenues Technology Limited reported Rs. 282.74 crore in revenue for the second quarter of FY26, a 36.94 percent increase over the Rs. 206.47 crore for the same period in FY25. It decreased by 10 percent as compared to Rs. 314.47 crore in Q1 FY26.
The company’s EBITDA for Q2 FY26 stood at a loss of Rs. 5.19 crore, which was a negative turnaround from a profit of Rs. 23.19 crore in Q1 FY26 and profit of Rs. 16.03 crore in Q2 FY25.
The consolidated net loss for the second quarter of FY26 was Rs. 3.46 crore, which was a negative turnaround from a profit of Rs. 18.94 crore in Q1 FY26 and profit of Rs. 13.09 crore in Q2 FY25.
Ixigo reported strong Q2 FY26 performance with Gross Transaction Value rising 23 percent YoY to Rs. 4,347.5 crore, driven by 29 percent growth in flights, 51 percent in buses, and 12 percent in trains. Contribution margin grew 20 percent YoY to Rs. 109.6 crore, while adjusted EBITDA rose 36 percent to Rs. 28.5 crore. The company posted a pre-tax loss of Rs. 2.5 crore, impacted by a one-off non-cash ESOP expense of Rs. 26.9 crore.
Other Updates
Ixigo Group announced several tech-driven travel enhancements and partnerships to boost user convenience and connectivity. It partnered with DMRC and ONDC for QR-based Delhi Metro ticketing, expanded AbhiBus’ network by adding seven new state transport corporations, and launched AI Smart Filters and enhanced Train Alternates for a smoother booking experience. The company also introduced Aadhaar-based IRCTC authentication for faster logins and teamed up with HDFC Bank via Confirmtkt to enable train ticket bookings with added rewards.
Management View
According to ixigo’s Group CEO Aloke Bajpai and Group Co-CEO Rajnish Kumar, the company maintained strong momentum in Q2 despite capacity challenges, outperforming market growth across all segments, led by buses and flights. They added that the recent fundraise strengthens ixigo’s balance sheet to pursue its long-term goal of offering an AI-first travel experience and expanding into new categories and markets.
According to ixigo’s Group CFO Saurabh Devendra Singh, despite a challenging quarter, the company sustained profitable growth driven by customer focus, product innovation, agility, and persistence. He emphasized that such quarters reflect ixigo’s core DNA and lay a strong foundation for its long-term growth.
About the company
Founded in 2007 by Aloke Bajpai and Rajnish Kumar, ixigo (Le Travenues Technology Ltd) is a leading Indian travel-tech company helping users plan, book, and manage trips across trains, flights, buses, and hotels through its ixigo, Confirmtkt, and AbhiBus apps. Using AI-driven tools and crowd-sourced data, it serves over 54 crore annual active users, positioning itself as India’s top OTA for the next billion users.
A return on equity (ROE) of about 9.74 percent, a return on capital employed (ROCE) of about 12.6 percent and debt to equity ratio at 0.06 demonstrate the company’s financial position. At the moment, the company’s P/E ratio is 243x which is higher as compared to its industry P/E 38.5x.
As of September 2025, the company’s shareholding pattern shows that Foreign Institutional Investors (FIIs) hold 59.64 percent, while Domestic Institutional Investors (DIIs) own 9.37 percent. The public shareholding stands at 30.99 percent, reflecting a healthy level of retail and institutional participation in the company.
Written By Akshay Sanghavi
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