Le Travenues Technology Limited has informed the Exchange regarding Board meeting held on July 16, 2025.
IXIGO · price
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On the reaction day the stock moved 19.1 pts more than Nifty Microcap 250 and 18.3 pts more than its Tour Travel Related Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Ixigo's board approved its Q1 FY26 (quarter ended June 30, 2025) unaudited consolidated results, reporting revenue from operations of ₹314.47 crore, up 73% from ₹181.88 crore in the same quarter last year. Net profit rose about 46% year-on-year to ₹26.33 crore from ₹18.03 crore, including an exceptional item of ₹3.77 crore. The auditor (S.R. Batliboi & Associates) issued an unmodified limited review report, indicating no concerns. The board also approved acquiring an additional 11% stake in its subsidiary Zoop Web Services (train food delivery) for about ₹3.25 crore, purchased from directors Puneet Sharma and Manoj Kumar Singh, making it a related-party transaction. Additionally, founder Aloke Bajpai was re-appointed as Chairman, MD & Group CEO for another five years (May 2026 to May 2031), 111,644 ESOP shares were allotted, and S.R. Batliboi, PwC and DPV & Associates were re-appointed/appointed as statutory, internal and secretarial auditors respectively.
The strong double-digit revenue and profit growth year-on-year is a positive signal for shareholders and may support the stock. The Zoop stake purchase consolidates a related subsidiary at arm's length, while CEO continuity and routine auditor re-appointments signal stable governance. No negative audit observations or going-concern flags were raised.