Ixigo parent Le Travenues Technology shares plunge 19% after reporting net loss in Q2
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Shares of Ixigo parent company Le Travenues Technology nosedived as much as 19.3% to their day’s low of Rs 262 on the NSE on Thursday, October 30, after the company reported a net loss in the quarter ended September 30. For the quarter under review, the company reported a net loss of Rs 3.4 crore versus a net profit of Rs 13 crore reported in the same quarter of the previous financial year. It must be noted that in Q2FY26, the company reported a loss before tax, share of loss of associates, and exceptional items of Rs 2.5 crore, which included a one-off ESOP expense of Rs 26.9 crore. Excluding this one-time impact, profit before tax stood at Rs 24.4 crore, marking a 26% year-on-year increase. Ixigo, an Indian online travel portal, reported a 37% increase to Rs 283 crore in its revenue from operations in Q2FY26 from Rs 206.4 crore posted in the corresponding quarter of the previous fiscal year. Also Read: Bitcoin consolidates near $114K a...