India's Ixigo jumps on strong quarterly profit growth

Le Travenues Technology

22/05/2026 08:08

** 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)

((Devika.MadhusudhananNair@thomsonreuters.com;))