IXIGO
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India's Ixigo jumps on strong quarterly profit growth
** Shares of Le Travenues LETR.NS, now Ixigo, up about 4% at 170.02 rupees
** LETR posted Q4 net profit surge of 91% Y/Y
** Analysts at BofA Securities said co's Q4 results were largely in line with expectations, with growth driven by other segments offsetting a decline in the train business due to a high base from the Mahakumbh
** Flags international travel remained subdued due to higher fares and route curtailments
** LETR rated "buy" on avg by 5 analysts; median PT of 220 rupees - data compiled by LSEG
** YTD stock down about 36%
($1 = 95.9650 Indian rupees)
(Reporting by Devika Nair in Bengaluru)
** Shares of Le Travenues LETR.NS, now Ixigo, up about 4% at 170.02 rupees
** LETR posted Q4 net profit surge of 91% Y/Y
** Analysts at BofA Securities said co's Q4 results were largely in line with expectations, with growth driven by other segments offsetting a decline in the train business due to a high base from the Mahakumbh
** Flags international travel remained subdued due to higher fares and route curtailments
** LETR rated "buy" on avg by 5 analysts; median PT of 220 rupees - data compiled by LSEG
** YTD stock down about 36%
($1 = 95.9650 Indian rupees)
(Reporting by Devika Nair in Bengaluru)
Ixigo March-Quarter Consol Net Profit 319.6 Million Rupees
May 21 (Reuters) - Le Travenues Technology Ltd LETR.NS:
IXIGO - MARCH-QUARTER CONSOL NET PROFIT 319.6 MILLION RUPEES
IXIGO - MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 3.08 BILLION RUPEES
Source text: ID:nBSE4DRR77
Further company coverage: LETR.NS
May 21 (Reuters) - Le Travenues Technology Ltd LETR.NS:
IXIGO - MARCH-QUARTER CONSOL NET PROFIT 319.6 MILLION RUPEES
IXIGO - MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 3.08 BILLION RUPEES
Source text: ID:nBSE4DRR77
Further company coverage: LETR.NS
Indian tourism stocks fall as Modi urges travel restraint amid Iran war
** India's travel related stocks fall after PM Narendra Modi urges citizens to limit travel amid disruptions caused by Iran war
** Hotel operator EIH EIHO.NS drops 1.3% to 331.2 rupees, Chalet Hotels CHAL.NS loses 1.4% to 778.2 rupees, Indian Hotels Company IHTL.NS sheds 1.1% to 665.8 rupees
** Ixigo or Le Travenues Technology LETR.NS falls 2.1% to 164.82 rupees; Thomas Cook THOM.NS dips 4.1% to 92.9 rupees
** InterGlobe Aviation INGL.NS falls 3.5% to 4,362 rupees; SpiceJet SPJT.BO eases 2.9% to 13.55 rupees
** YTD, Nifty India Tourism Index .NIFTYINDTOURISM down 13.5%; had fallen 5.8% in 2025
(Reporting by Abhinav Parmar in Bengaluru)
** India's travel related stocks fall after PM Narendra Modi urges citizens to limit travel amid disruptions caused by Iran war
** Hotel operator EIH EIHO.NS drops 1.3% to 331.2 rupees, Chalet Hotels CHAL.NS loses 1.4% to 778.2 rupees, Indian Hotels Company IHTL.NS sheds 1.1% to 665.8 rupees
** Ixigo or Le Travenues Technology LETR.NS falls 2.1% to 164.82 rupees; Thomas Cook THOM.NS dips 4.1% to 92.9 rupees
** InterGlobe Aviation INGL.NS falls 3.5% to 4,362 rupees; SpiceJet SPJT.BO eases 2.9% to 13.55 rupees
** YTD, Nifty India Tourism Index .NIFTYINDTOURISM down 13.5%; had fallen 5.8% in 2025
(Reporting by Abhinav Parmar in Bengaluru)
Antique Stock Broking initiates India's Le Travenues with "Hold"
** Antique Stock Broking initiates Le Travenues Technology LETR.NS with "Hold" and PT at 180 rupees
** Brokerage cites travel platform's user-first approach and value-added products that drive customer stickiness and new monetization avenues
** Notes co holds +60%/<10%/mid-to-high-teens market share in train/flight/bus segments, respectively, through strategy of problem identification, solution creation, and cross-selling aided by acquisitions
** Expects ramp-up of high-margin hotel business using proven strategy and cross-selling to existing user base in non-metro markets
** Says rating factors in base effect of Mahakumbh and some impact on flight segment (particularly international) due to Middle East conflict
** Shares of LETR slip 1% to 177 rupees; down 30.7% YTD
(Reporting by Mridula Kumar in Bengaluru)
** Antique Stock Broking initiates Le Travenues Technology LETR.NS with "Hold" and PT at 180 rupees
** Brokerage cites travel platform's user-first approach and value-added products that drive customer stickiness and new monetization avenues
** Notes co holds +60%/<10%/mid-to-high-teens market share in train/flight/bus segments, respectively, through strategy of problem identification, solution creation, and cross-selling aided by acquisitions
** Expects ramp-up of high-margin hotel business using proven strategy and cross-selling to existing user base in non-metro markets
** Says rating factors in base effect of Mahakumbh and some impact on flight segment (particularly international) due to Middle East conflict
** Shares of LETR slip 1% to 177 rupees; down 30.7% YTD
(Reporting by Mridula Kumar in Bengaluru)
Ixigo Says AbhiBus And Fleetx Partner For AI-Powered Safety & Fleet Intelligence To Buses
March 26 (Reuters) - Le Travenues Technology Ltd LETR.NS:
ABHIBUS AND FLEETX PARTNER FOR AI-POWERED SAFETY & FLEET INTELLIGENCE TO BUSES
Source text: ID:nBSEbf4SFS
Further company coverage: LETR.NS
March 26 (Reuters) - Le Travenues Technology Ltd LETR.NS:
ABHIBUS AND FLEETX PARTNER FOR AI-POWERED SAFETY & FLEET INTELLIGENCE TO BUSES
Source text: ID:nBSEbf4SFS
Further company coverage: LETR.NS
India's Ixigo rises after JM Financial says firm to grow faster than peers, upgrades rating
** Shares of Le Travenues, now Ixigo, LETR.NS rise nearly 5% to 223.7 rupees
** JM Financial upgrades online travel agent from "reduce" to "buy", cuts PT by 25 rupees to 275 rupees
** Cites 20% correction since Nov'25 end has materially improved risk-reward, but flags 4%-8% earnings cut in FY26-28
** Ixigo positioned for faster growth than peers, driven by cross-selling, superior customer experience, and strong traction for value-added services - brokerage
** Notes temporary earnings and sentiment overhang shall ease over next few quarters
** YTD, LTER down nearly 13%
(Reporting by Urvi Dugar in Bengaluru)
** Shares of Le Travenues, now Ixigo, LETR.NS rise nearly 5% to 223.7 rupees
** JM Financial upgrades online travel agent from "reduce" to "buy", cuts PT by 25 rupees to 275 rupees
** Cites 20% correction since Nov'25 end has materially improved risk-reward, but flags 4%-8% earnings cut in FY26-28
** Ixigo positioned for faster growth than peers, driven by cross-selling, superior customer experience, and strong traction for value-added services - brokerage
** Notes temporary earnings and sentiment overhang shall ease over next few quarters
** YTD, LTER down nearly 13%
(Reporting by Urvi Dugar in Bengaluru)
Prosus to buy 10% stake in Indian online travel agent Ixigo for $146 million
Adds investment details from paragraph 2 onwards
Oct 10 (Reuters) - Dutch technology investor Prosus PRX.AS will buy a 10.1% stake in India's Ixigo LETR.NS for 12.96 billion rupees ($146 million), the online travel booking platform said on Friday.
Ixigo, formally known as Le Travenues Technology, will issue shares to Prosus on a preferential basis at 280 rupees per share - a 10.5% discount to Ixigo's closing price on Thursday.
Ixigo's stock opened slightly lower at 310 rupees in early trade before reversing course to trade 1% higher.
The company said it will use 25% of the proceeds, or up to 3.24 billion rupees, towards growth initiatives such as developing new artificial intelligence platforms and expanding its hotels business.
It will also use the investment to fund its advertisement and branding initiatives, and acquisitions.
India is home to some of Prosus' biggest ventures in its $6.5 billion portfolio, which includes food and grocery delivery platform Swiggy SWIG.NS and fintech firm PayU.
($1 = 88.7950 Indian rupees)
(Reporting by Kashish Tandon in Bengaluru; Editing by Sonia Cheema and Janane Venkatraman)
((Kashish.Tandon@thomsonreuters.com; 8800437922;))
Adds investment details from paragraph 2 onwards
Oct 10 (Reuters) - Dutch technology investor Prosus PRX.AS will buy a 10.1% stake in India's Ixigo LETR.NS for 12.96 billion rupees ($146 million), the online travel booking platform said on Friday.
Ixigo, formally known as Le Travenues Technology, will issue shares to Prosus on a preferential basis at 280 rupees per share - a 10.5% discount to Ixigo's closing price on Thursday.
Ixigo's stock opened slightly lower at 310 rupees in early trade before reversing course to trade 1% higher.
The company said it will use 25% of the proceeds, or up to 3.24 billion rupees, towards growth initiatives such as developing new artificial intelligence platforms and expanding its hotels business.
It will also use the investment to fund its advertisement and branding initiatives, and acquisitions.
India is home to some of Prosus' biggest ventures in its $6.5 billion portfolio, which includes food and grocery delivery platform Swiggy SWIG.NS and fintech firm PayU.
($1 = 88.7950 Indian rupees)
(Reporting by Kashish Tandon in Bengaluru; Editing by Sonia Cheema and Janane Venkatraman)
((Kashish.Tandon@thomsonreuters.com; 8800437922;))
Jefferies removes Reliance, Axis Bank from India long-only portfolio; adds 3 stocks
** Jefferies removes Reliance Industries RELI.NS and Axis Bank AXBK.NS from its India long-only portfolio
** Adds Ambuja Cements ABUJ.NS, Ixigo LETR.NS and Lemon Tree Hotels with 4 percentage points weight
** RELI and AXBK down 0.6% and 0.2%, respectively, on the day; LETR and LEMO rise 2.4% and 1.2%, respectively
** Jefferies reduces weight of ICICI Bank ICBK.NS, JSW Energy JSWE.NS and REC RECM.NS each by 1 percentage point
** ICBK down 1.25%, JSWE and RECM up 1.7% and 0.6% respectively
** SBI Life Insurance SBIL.NS and Adani Ports APSE.NS have the highest weighting of 6% each in GREED & Fear's India long-only portfolio
Sectoral weightage and stocks in Jefferies' India long-only portfolio https://reut.rs/4ms1Hn4
(Reporting by Vivek Kumar M and Bharath Rajeswaran)
** Jefferies removes Reliance Industries RELI.NS and Axis Bank AXBK.NS from its India long-only portfolio
** Adds Ambuja Cements ABUJ.NS, Ixigo LETR.NS and Lemon Tree Hotels with 4 percentage points weight
** RELI and AXBK down 0.6% and 0.2%, respectively, on the day; LETR and LEMO rise 2.4% and 1.2%, respectively
** Jefferies reduces weight of ICICI Bank ICBK.NS, JSW Energy JSWE.NS and REC RECM.NS each by 1 percentage point
** ICBK down 1.25%, JSWE and RECM up 1.7% and 0.6% respectively
** SBI Life Insurance SBIL.NS and Adani Ports APSE.NS have the highest weighting of 6% each in GREED & Fear's India long-only portfolio
Sectoral weightage and stocks in Jefferies' India long-only portfolio https://reut.rs/4ms1Hn4
(Reporting by Vivek Kumar M and Bharath Rajeswaran)
Ixigo Trains Ties Up With Delhi Metro, ONDC To Launch Metro Ticket Booking Services
Sept 12 (Reuters) - Le Travenues Technology Ltd LETR.NS:
IXIGO - IXIGO TRAINS TIES UP WITH DELHI METRO, ONDC TO LAUNCH METRO TICKET BOOKING SERVICES
Source text: ID:nnAZN4IAV1L
Further company coverage: LETR.NS
Sept 12 (Reuters) - Le Travenues Technology Ltd LETR.NS:
IXIGO - IXIGO TRAINS TIES UP WITH DELHI METRO, ONDC TO LAUNCH METRO TICKET BOOKING SERVICES
Source text: ID:nnAZN4IAV1L
Further company coverage: LETR.NS
India's Ixigo parent Le Travenues hits near one-year high after Q1 profit surge
** Shares of Le Travenues Technology LETR.NS rises 8.4% to 194 rupees, their highest since July 2024
** Travel booking platforms operator's Q1 net profit jumps 28.5% Y/Y, boosted a surge in flight segment revenue; rev surges 72.9%
** Over 2.1 mln shares traded, nearly 2 times the 30-davy avg
** Stock up 15.7% YTD
(Reporting by Aleef Jahan in Bengaluru)
** Shares of Le Travenues Technology LETR.NS rises 8.4% to 194 rupees, their highest since July 2024
** Travel booking platforms operator's Q1 net profit jumps 28.5% Y/Y, boosted a surge in flight segment revenue; rev surges 72.9%
** Over 2.1 mln shares traded, nearly 2 times the 30-davy avg
** Stock up 15.7% YTD
(Reporting by Aleef Jahan in Bengaluru)
Ixigo June-Quarter Consol Net Profit 190.9 Mln Rupees
July 16 (Reuters) - Le Travenues Technology Ltd LETR.NS:
IXIGO JUNE-QUARTER CONSOL NET PROFIT 190.9 MILLION RUPEES
IXIGO JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 3.14 BILLION RUPEES
Source text: [ID:]
Further company coverage: LETR.NS
July 16 (Reuters) - Le Travenues Technology Ltd LETR.NS:
IXIGO JUNE-QUARTER CONSOL NET PROFIT 190.9 MILLION RUPEES
IXIGO JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 3.14 BILLION RUPEES
Source text: [ID:]
Further company coverage: LETR.NS
Le Travenues Technology Says Ixigo And Amadeus Sign Enhanced Travel Distribution Partnership
March 19 (Reuters) - Le Travenues Technology Ltd LETR.NS:
IXIGO AND AMADEUS SIGN ENHANCED TRAVEL DISTRIBUTION PARTNERSHIP
Source text: ID:nBSE1hb9Jr
Further company coverage: LETR.NS
March 19 (Reuters) - Le Travenues Technology Ltd LETR.NS:
IXIGO AND AMADEUS SIGN ENHANCED TRAVEL DISTRIBUTION PARTNERSHIP
Source text: ID:nBSE1hb9Jr
Further company coverage: LETR.NS
Le Travenues Technology Dec-Quarter Consol Net Profit 155.2 Mln Rupees
Jan 28 (Reuters) - Le Travenues Technology Ltd LETR.NS:
DEC-QUARTER CONSOL NET PROFIT 155.2 MILLION RUPEES
DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 2.42 BILLION RUPEES
Source text: ID:nBSE1kdTNX
Further company coverage: LETR.NS
Jan 28 (Reuters) - Le Travenues Technology Ltd LETR.NS:
DEC-QUARTER CONSOL NET PROFIT 155.2 MILLION RUPEES
DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 2.42 BILLION RUPEES
Source text: ID:nBSE1kdTNX
Further company coverage: LETR.NS
India's Ixigo parent Le Travenues Technology gains on Q1 profit surge
** Shares of Le Travenues Technology LETR.NS rise 3.6% to 175.7 rupees
** Operator of online ticket booking website Ixigo reported a 70% surge in Q1 profit, rev up 16% y/y
** LETR set to snap three day losing streak, if trend holds
** Stock currently trading 90% higher than its IPO price band's upper limit of 93 rupees
(Reporting by Ashna Teresa Britto in Bengaluru)
((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))
** Shares of Le Travenues Technology LETR.NS rise 3.6% to 175.7 rupees
** Operator of online ticket booking website Ixigo reported a 70% surge in Q1 profit, rev up 16% y/y
** LETR set to snap three day losing streak, if trend holds
** Stock currently trading 90% higher than its IPO price band's upper limit of 93 rupees
(Reporting by Ashna Teresa Britto in Bengaluru)
((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))
India's Ixigo parent Le Travenues rises on Q4 profit, rev surge
** Shares of Le Travenues Technology LETR.NS jump about 5% at 171.6 rupees
** Operator of online ticket booking website Ixigo reported Q4 profit, rev surge on Thursday
** Profit nearly doubled, while rev surged 20%
** Stock at current price 84% higher than its IPO price band's upper limit of 93 rupees
** U.S.-listed local MakeMyTrip MMYT.O has surged ~89% this year, set for its best one-year jump ever
(Reporting by Sethuraman NR in Bengaluru)
((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))
** Shares of Le Travenues Technology LETR.NS jump about 5% at 171.6 rupees
** Operator of online ticket booking website Ixigo reported Q4 profit, rev surge on Thursday
** Profit nearly doubled, while rev surged 20%
** Stock at current price 84% higher than its IPO price band's upper limit of 93 rupees
** U.S.-listed local MakeMyTrip MMYT.O has surged ~89% this year, set for its best one-year jump ever
(Reporting by Sethuraman NR in Bengaluru)
((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))
India's Ixigo parent Le Travenues jumps ahead of Q4 results
** Shares of Le Travenues Technology LETR.NS jump over 4%
** Operator of online ticket booking website Ixigo to report Q4 results later in the day
** Stock set for biggest one-day jump since its market debut surge in mid-June
** Stock last at ~164 rupees, 76% higher than its IPO price band's upper limit of 93 rupees
** U.S.-listed local MakeMyTrip MMYT.O has surged ~89% this year, set for its best one-year jump ever
(Reporting by Savio Dsouza)
** Shares of Le Travenues Technology LETR.NS jump over 4%
** Operator of online ticket booking website Ixigo to report Q4 results later in the day
** Stock set for biggest one-day jump since its market debut surge in mid-June
** Stock last at ~164 rupees, 76% higher than its IPO price band's upper limit of 93 rupees
** U.S.-listed local MakeMyTrip MMYT.O has surged ~89% this year, set for its best one-year jump ever
(Reporting by Savio Dsouza)
Ixigo parent Le Travenues surges 62% in India market debut
** Shares of Le Travenues Technology LETR.NS up 62.6% to 151.25 rupees in its Mumbai market debut
** LETR, known for its online travel agency 'Ixigo', debuted at 62.6% above its IPO price range's upper limit of 93 rupees
** LETR raised 7.4 bln rupees in its IPO, with 1.2 billion rupees from the fresh issue and 6.2 billion rupees from the offer for sale of shares - prospectus
** IPO oversubscribed 98.34x last week - exchange data
** Axis Capital, DAM Capital Advisors, and JM Financial are among the bookrunning lead managers
(Reporting by Navamya Ganesh Acharya in Bengaluru)
((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))
** Shares of Le Travenues Technology LETR.NS up 62.6% to 151.25 rupees in its Mumbai market debut
** LETR, known for its online travel agency 'Ixigo', debuted at 62.6% above its IPO price range's upper limit of 93 rupees
** LETR raised 7.4 bln rupees in its IPO, with 1.2 billion rupees from the fresh issue and 6.2 billion rupees from the offer for sale of shares - prospectus
** IPO oversubscribed 98.34x last week - exchange data
** Axis Capital, DAM Capital Advisors, and JM Financial are among the bookrunning lead managers
(Reporting by Navamya Ganesh Acharya in Bengaluru)
((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))
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What does Le Travenues Techno do?
Le Travenues Technology was incorporated on June 3, 2006 as private limited company in New Delhi. The company is engaged in the business of running an online platform named www.ixigo.com and ixigo mobile application for providing information and booking services for the travel industry across trains, airlines, buses, hotels and cabs in real-time.
Who are the competitors of Le Travenues Techno?
Le Travenues Techno major competitors are Thomas Cook (India), Easy Trip Planners, Yatra Online, Axis Solution, TBO Tek, Voler Car, Intl Travel House. Market Cap of Le Travenues Techno is ₹7,123 Crs. While the median market cap of its peers are ₹1,494 Crs.
Is Le Travenues Techno financially stable compared to its competitors?
Le Travenues Techno seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Le Travenues Techno pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Le Travenues Techno latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Le Travenues Techno allocated its funds?
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments
How strong is Le Travenues Techno balance sheet?
Balance sheet of Le Travenues Techno is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of Le Travenues Techno improving?
The profit is oscillating. The profit of Le Travenues Techno is ₹82.7 Crs for TTM, ₹60.18 Crs for Mar 2025 and ₹75.8 Crs for Mar 2024.
Is the debt of Le Travenues Techno increasing or decreasing?
Yes, The net debt of Le Travenues Techno is increasing. Latest net debt of Le Travenues Techno is -₹252.28 Crs as of Sep-25. This is greater than Mar-25 when it was -₹525.53 Crs.
Is Le Travenues Techno stock expensive?
Le Travenues Techno is expensive when considering the EV/EBIDTA, however latest PE is < 3 yr avg PE. Latest PE of Le Travenues Techno is 125, while 3 year average PE is 132. Also latest EV/EBITDA of Le Travenues Techno is 142 while 3yr average is 108.
Has the share price of Le Travenues Techno grown faster than its competition?
Le Travenues Techno has given lower returns compared to its competitors. Le Travenues Techno has grown at ~-5.14% over the last 1yrs while peers have grown at a median rate of -1.33%
Is the promoter bullish about Le Travenues Techno?
There is Insufficient data to gauge this.
Are mutual funds buying/selling Le Travenues Techno?
The mutual fund holding of Le Travenues Techno is increasing. The current mutual fund holding in Le Travenues Techno is 5.78% while previous quarter holding is 5.43%.