Stock Crash: Ixigo-parent shares tank 20% after Q2 loss
Published on 30/10/2025 10:28 AM
Stock Crash: Ixigo-parent shares tank 20% after Q2 lossIxigo said its EBITDA adjusted for ESOP expenses rose to ₹28.5 crore, marking a 36% increase year-on-year.By Meghna Sen October 30, 2025, 10:28:29 AM IST (Published)2 Min ReadShares of Le Travenues Technologies Ltd., the parent company of travel services aggregator Ixigo, tumbled 20% on Thursday, October 30, after the company reported a loss at both EBITDA and net levels year-on-year for the September quarter.
Ixigo's revenue rose 37% year-on-year to ₹282.7 crore, compared to ₹206.4 crore in the same quarter last year.
The company reported an EBITDA loss of ₹3.6 crore, against a profit of ₹17.87 crore a year ago. Net loss stood at ₹3.46 crore, compared to a profit of ₹13.08 crore in the corresponding quarter last year.
Ixigo said its EBITDA adjusted for ESOP expenses rose to ₹28.5 crore, marking a 36% increase year-on-year.
In terms of operating metrics, the company's gross transaction value (GTV) grew 23% to ₹4,347.5 crore. Within this, flight GTV increased 29%, bus GTV rose 51%, and train GTV was up 12% year-on-year.
The company also reported a 20% improvement in contribution margin and a 30% rise in operating cash flow to ₹91.5 crore.
Looking ahead, Ixigo expects a stronger second half driven by the seasonal uptick in travel demand.
On the investment front, Prosus recently invested ₹1,295 crore in the company for a 10% stake at ₹280 per share, and intends to raise its holding to 16%.
Shares of Le Travenues Technology ltd. are now trading 17.32% lower at ₹268.50. On a year-to-date basis, the stock has gained 50%.Continue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsIxigoshare market today