Le Travenues Technology Ltd. Share Price

Easy Trip Planners Ltd Company Fundamental Analysis

Easy Trip Planners, operating as EaseMyTrip, is an online travel agency offering flight tickets, hotel bookings, holiday packages, bus and train reservations, and other travel-related services. Its asset-light digital platform connects travellers with airlines, hotels and other providers, while its Dubai operations support international expansion. The company is also investing in hotel bookings, destination services and AI-enabled travel tools to diversify beyond flights. In Q1 FY27, gross booking revenue increased 14.8% year-on-year to ₹2,371 crore, with hotel room nights growing 95% and Dubai gross booking revenue rising 45%. These indicators suggest growing activity across its travel ecosystem. Despite higher booking activity, profitability has deteriorated. In Q1 FY27, consolidated revenue from operations rose 18.4% to ₹134.7 crore, but the company reported a net loss of ₹11.7 crore compared with a profit of ₹0.4 crore a year earlier. Total expenses increased faster than revenue, reaching ₹152.7 crore. This shows that growth in bookings is not yet translating into stronger earnings. The key challenge is improving monetisation and controlling costs while expanding hotels, international operations and other services. At the latest available market data, the stock was trading around ₹5.57, with a market capitalisation of approximately ₹2,026 crore; its trailing P/E is not meaningful because earnings are negative. Growth opportunities include hotel-booking expansion, international business and increased customer engagement, but competition from MakeMyTrip, ixigo and other platforms remains intense. Overall, EaseMyTrip has growing booking volumes and an established brand, but sustained operating profitability, cost discipline and careful monitoring of promoter pledging are critical to restoring investor confidence.

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Venus Pipes Starts Spooling Production Ahead of Schedule

Venus Pipes & Tubes Ltd has commenced commercial production of pipe spooling at its Dhaneti facility in Gujarat on October 20, 2026, ahead of its earlier planned timeline of December. The development marks a step in the company’s expansion into value-added piping solutions. Pipe spooling involves assembling and preparing pipe sections for installation in industrial projects, including data centres. The company has already received a Letter of Intent worth ₹185 crore from a data centre customer for spooled pipes. Starting production early could help the company prepare for order execution and dispatch, subject to the conversion of the LOI into firm orders and customer requirements. Investors will monitor the company’s ability to ramp up production, convert the opportunity into confirmed business and deliver the project efficiently. Disclosure: Palash Kag, Proprietor, Sarathi Research (SEBI Reg. No. INH000012740). No position held in ixigo. This article is for educational and informational purposes only and does not constitute investment advice or a recommendation to buy, sell, or hold any security. Please consult a registered advisor before making investment decisions.

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ixigo Jumps 9% on Record Profit, But EBITDA Falls 17%

Le Travenues Technology, which runs the travel platform ixigo, closed 8.74% higher at Rs 157.08 on Monday, after touching Rs 165.99 intraday, as it reported a record quarterly profit of Rs 63.42 crore, though the headline number hides weaker operating earnings. Profit after tax came in at Rs 63.42 crore against a loss of Rs 3.46 crore a year earlier, helped by a partial sale of its FreshBus stake. Revenue from operations rose 13% to Rs 320.96 crore, and gross transaction value grew 22% to Rs 5,304.47 crore. Hotel GTV, including Brevistay, surged 159% to Rs 111.34 crore, with over 86% of bookings from existing users, while flights GTV rose 37% and buses 32%. Contribution margin rose 14% to Rs 124.86 crore, but adjusted EBITDA fell 17% to Rs 23.58 crore from Rs 28.48 crore. The record profit leans on a one-time stake sale, so adjusted EBITDA is the cleaner gauge of the core business, and that moved the wrong way. Growth in bookings is healthy, with hotels now a fast-growing line and repeat usage high, but operating earnings did not keep pace. Investors will watch whether higher transaction value converts into EBITDA growth in coming quarters. The stock has ranged between Rs 136.35 and Rs 335.20 over the past 52 weeks, with a market cap of around Rs 6,931 crore, and is down about 35% so far this year despite Monday’s jump. The next question is whether the rebound holds or fades as the focus shifts to operating profit. Disclosure: Palash Kag, Proprietor, Sarathi Research (SEBI Reg. No. INH000012740). No position held in ixigo. This article is for educational and informational purposes only and does not constitute investment advice or a recommendation to buy, sell, or hold any security. Please consult a registered advisor before making investment decisions.

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Ixigo has delivered a record quarter with strong growth

Ixigo (Le Travenues Technology) has posted its highest-ever quarterly profit of ₹63.4 crore in Q2 FY27, reversing last year’s loss. The stock surged 13–15% to around ₹163–165 on October 19, 2026, driven by strong growth in hotel bookings and a one-off gain from selling part of its Freshbus stake. 📊 Q2 FY27 Financial Highlights Net Profit (PAT): ₹63.4 crore (vs. ₹3.5 crore loss last year). Revenue from Operations: ₹321 crore (↑13% YoY). Gross Transaction Value (GTV): ₹5,304 crore (↑22% YoY). Contribution Margin: ₹124.9 crore (↑14% YoY). Exceptional Gain: ₹40.7 crore from partial Freshbus stake sale. 🏨 Business Segment Performance Hotels: Fastest-growing line, GTV ↑159% YoY to ₹111.3 crore; revenue ↑528% to ₹8.1 crore; room nights booked ↑295% (4.7 lakh). Gross take rate >12%. Flights: Bookings ↑37% YoY to ₹2,184 crore, but revenue fell 7.5% due to lower take rates. Buses: Bookings ↑32% YoY to ₹753 crore; revenue ↑24% to ₹81 crore. Trains: Revenue ↑16% YoY to ₹149 crore, bookings ↑5%. 📈 Market Reaction Ixigo Share Price: Rose 13–15% to ₹163–165 on NSE/BSE. Volume: Over 27.5 million shares traded on October 19. 52-Week Range: High ₹337 (Oct 2025), Low ₹136.5 (Oct 2026). 🏦 Strategic Moves Freshbus Stake Sale: Reduced holding from 25.7% to 8.3%, unlocking ₹41 crore gain. Acquisition: Bought 54.7% stake in hotel startup Brevistay for ₹65.7 crore. AI Adoption: 82% of voice queries and 94% of chat queries now handled by AI agents. 📌 Brokerage Views Brokerage Rating Notes Motilal Oswal Neutral Concerned about margin pressure due to hotel & tech investments. Market Analysts Positive Highlight strong hotel growth and diversification across trains, flights, buses. ⚠️ Risks & Considerations Heavy reliance on exceptional gains (Freshbus sale) for profit boost. Adjusted EBITDA fell 17% YoY to ₹23.6 crore, showing margin pressure. Continued investments in hotels and AI may weigh on near-term earnings.

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IXIGO SHARES IN FOCUS AS PAT HITS RECORD HIGH

shares are in focus as the tour and travel company has posted its highest-ever profit after tax (PAT). The company delivered an all-time high consolidated PAT of Rs 63.42 crore in Q2FY27, aided by partial sale of stake in Freshbus. In the same period last year, it had posted a consolidated net loss of Rs 3.46 crore, signalling a sharp turnaround. The revenue from operations grew 13% year-on-year (YoY) to Rs 320.96 crore, supported by its diversified multimodal travel business. For investors, Ixigo offers a structural growth opportunity in the travel-tech platform space and is well-positioned to capitalize on the improving rail, road, and air infrastructure in India, owing to its strong brand recall among users. The company's competitive positioning is underpinned by its focus on addressing key consumer pain points through innovative ancillary offerings and AI-driven travel solutions.

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Le Travenues Technology Ltd Company Fundamental Analysis

Le Travenues Technology, operating under the ixigo brand, is an Indian online travel platform specialising in train, flight and bus bookings, hotel reservations and travel-related services. Its platforms include ixigo, ConfirmTkt and AbhiBus. The company differentiates itself through AI-driven travel assistance, price comparisons, train PNR predictions and regional-language features. Its asset-light business model and large user base provide opportunities to increase bookings, cross-sell services and improve monetisation as India's online travel market expands. FY26 was strong, with gross transaction value (GTV) rising 25% to ₹18,693 crore, revenue from operations increasing 34% to ₹1,228 crore and adjusted EBITDA growing 28% to ₹120.9 crore. Profit after tax reached ₹71.5 crore on a consolidated basis, up approximately 19% year-on-year. In Q2 FY27, total revenue was approximately ₹343 crore, up 19.1% YoY, while net profit rose to ₹61.3 crore from a loss of ₹3.2 crore in the corresponding quarter last year. The latest quarterly results indicate improving profitability, although the difference between revenue growth and profit growth should be assessed alongside operating costs and other income. At the latest available market data, ixigo traded around ₹144.46, implying a market capitalisation of approximately ₹6,367 crore and a P/E of about 42.5x. Growth opportunities include expansion in flights and buses, hotel bookings, higher repeat usage and AI-enabled personalisation. However, the company faces intense competition from MakeMyTrip, established travel operators and other booking platforms, alongside marketing costs, airline and rail distribution constraints, and fluctuations in travel demand. Overall, ixigo has a growing digital travel business and improving profitability, but its valuation requires continued growth in bookings, revenue and sustainable operating earnings.

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