LE Travenues Technology (Ixigo) shares surged over 12 percent on January 29, despite the company reporting a decline in profits for Q3FY25.
At 1:37 PM on the NSE, Ixigo shares were trading at Rs 140.71, up 12.13 percent. The company’s consolidated net profit for the quarter ending December 2024 fell 49 percent year-on-year to Rs 15.5 crore from Rs 30.6 crore in the same period last year. However, revenue rose significantly to Rs 241.7 crore, compared to rS 170.5 crore in Q3FY24.
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Ixigo’s share of loss from associates (before taxes) stood at Rs 1.86 crore in Q3FY25, improving slightly from Rs 2.08 crore in Q3FY24. On the positive side, profit before sharing of loss from associates, taxes, and exceptional items jumped 46 percent YoY to Rs 23.31 crore from Rs 15.99 crore.
Additionally, a lower deferred tax expense of Rs 5.90 crore contributed to higher profit before tax (PBT), which increased 41.8 percent YoY to Rs 21.46 crore from Rs 13.91 crore.
On a standalone basis, Ixigo reported net sales of Rs 240.81 crore for the December 2024 quarter, marking a 41.16 percent rise from Rs 170.59 crore in December 2023. Despite this, standalone net profit declined 48.23 percent YoY to Rs 17.36 crore from Rs 33.54 crore. Meanwhile, EBITDA rose 30.62 per cent YoY to Rs 26.45 crore from Rs 20.25 crore in December 2023.
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