Le Travenues Technology (IXIGO) has announced its board meeting and earnings call schedule for the quarter and nine months ended December 31, 2025. The company will release its Q3FY26 financial results and provide stakeholders with detailed insights into its performance through a comprehensive earnings discussion.

Board Meeting and Results Release

The board of directors meeting is scheduled for Thursday, January 22, 2026, where the company will consider and approve both standalone and consolidated financial results. The announcement was made in compliance with Regulation 29 and 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Earnings Conference Call Details

The company will conduct a 60-minute earnings conference call immediately following the results announcement. The management team will discuss the company's performance and address questions from participants during this session.

Conference Call Schedule

Access Information

Participants can access the earnings call through multiple channels. The company has provided Express Join with DiamondPass™ for no wait time access, along with universal dial-in numbers and international toll-free options for various countries including Hong Kong, Singapore, UK, and USA.

The financial results will be available on the company's website at www.ixigo.com and on the official websites of National Stock Exchange of India Limited and BSE Limited. Additionally, both the call recording and transcript will be made available on the company's website for future reference.

Corporate Information

The announcement was signed by Suresh Kumar Bhutani, Group General Counsel, Company Secretary & Compliance Officer. For investor-related queries, stakeholders can contact Puneet Aggarwal at investors@ixigo.com . The company's registered office is located at Second Floor, Veritas Building, Sector-53, Golf Course Road, Gurgaon-122 002, Haryana.

Le Travenues Technology (Ixigo) shares witnessed a sharp rally, surging up to 10% after JM Financial upgraded the stock to 'Buy' from 'Reduce'. The travel services provider's stock reached an intraday high of ₹232.55 per share, rising nearly 10% from its previous day close of ₹213.00 per share.

JM Financial's Rationale for Upgrade

JM Financial pointed out that Ixigo shares had corrected by around 20% since the end of November 2025, primarily due to concerns over slower growth in the flights business in Q3 and Q4 FY26. The brokerage attributed these concerns to recent disruptions in the travel industry and an unfavorable comparison base due to the Kumbh Mela-related boost from the previous year.

The investment firm also noted uncertainty around margins as the company increased investments in technology, supply-side systems, and promotions for its hotels' OTA business. However, JM Financial characterized the current phase as a temporary earnings and sentiment overhang that should ease in coming quarters.

Revised Target Price and Growth Prospects

While JM Financial reduced its target price to ₹275 per share from ₹300, following a 4-8% reduction in FY26-28 earnings estimates and a lower valuation multiple, it still sees over 29% upside from the previous closing price of ₹213.00. The brokerage believes Ixigo remains well-positioned to grow faster than peers owing to its effective cross-sell of services across various apps, sharp focus on superior customer experience, and robust traction for its differentiated value-added services.

Financial Performance Analysis

Le Travenues Technology operates online platforms including ixigo, confirmtkt, and abhibus, providing information and booking services for the travel industry across airlines, trains, hotels, buses and cabs. The company maintains over 90% penetration in Tier 2 and Tier 3 cities with over 740 million downloads and over 85% repeat customers, having transacted over 50.4 million users.

Year-on-Year Performance

Quarter-on-Quarter Performance

Market Position and Outlook

With a market capitalization of ₹9,854 crores, Le Travenues Technology has established itself as one of India's leading travel platforms. Despite the recent quarterly losses, JM Financial's upgrade reflects confidence in the company's medium to long-term growth prospects, driven by its strong market position and differentiated service offerings in the competitive travel booking sector.