Easy Trip Planners Limited

Online travel service provider Easy Trip Planners Ltd on Monday reported a 4.16 per cent rise in consolidated net profit to Rs 41.7 crore for the third quarter ended December 2022. The company had posted a consolidated net profit of Rs 40.03 crore in the corresponding quarter of the last fiscal, Easy Trip Planners, which operates under the brand EaseMyTrip, said in a regulatory filing. Its consolidated revenue from operations during the period under review stood at Rs 136.15 crore against Rs 86.56 crore in the year-ago period, it added. The growth was driven by strong volume growth in the flight and hotels segment, the company said. The company's total expenses in the third quarter were higher at Rs 82.6 crore compared to Rs 35.93 crore in the same period previous fiscal. Air segment clocked revenue of Rs 111.57 crore during the quarter against Rs 86.13 crore in the year-ago period, while hotel packages revenue stood at Rs 23.7 crore, the company said.

Online travel service provider, Easy Trip Planners Ltd on Wednesday said it will acquire a 55 per cent stake in Glegoo Innovations Pvt Ltd, an online travel and tours firm, for Rs 3 crore. The company signed a share purchase agreement with Glegoo Innovations Pvt Ltd on January 24, 2023, Easy Trip Planners, which operates under the brand EaseMyTrip, said in a regulatory filing. The board of the company has considered and approved the acquisition, it added. Glegoo will add a new revenue vertical for the company and enable it to scale up its business for online tours and travel related services, it added. Registered with the Registrar of Companies Vijayawada, Glegoo is in the online travel and tours related services, the company said.

Paytm, Policybazaar, Zomato, and Nykaa have been the worst hit, falling between 50.5 per cent and 60 per cent thus far in 2022

The stock had turned ex-date for 3:1 bonus issue, and 1:1 stock split on Monday

The stock turned ex-date for 3:1 bonus issue, and 1:1 stock split

The board of directors of the company are scheduled to meet on Monday, October 10, 2022, for considering the proposal for issue of bonus shares and/or sub-division/split of shares.

Easy Trip Planners Ltd on Wednesday reported a 23.4 per cent decline in consolidated net profit at Rs 23.34 crore for the fourth quarter ended March, impacted by lower revenue and higher expenses.

The management asserts that strong demand uptick will bolster the travel industry.

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Shares of Easy Trip Planners Ltd were trading at Rs 426.85 on BSE on Tuesday, up 1.81 per cent from the previous close.

Tide Water Oil was locked in the upper circuit for the second straight day, up 5 per cent at Rs 12,030.80 after the company announced a 1:1 bonus, Rs 200 dividend, and a stock split from Rs 5 to Rs 2

Easy Trip Planners have rallied 127% in the past one month on anticipation that pent up demand would boost the travel and tourism segment

At the bourses, 'unlock trade' has been playing out well over the past few weeks with stocks from the related sectors on a run

The company is anticipating the pent up demand to boost the travel and tourism segment post ease in travel restrictions, and vaccination drive carried out by the government

Easy Trip Director Prashant Pitti is sanguine, even though his firm, which operates EaseMy­Trip.com, gets more than 90% of its revenue from selling airline tickets

Poor showing by Anupam Rasayan and Easy Trip hurts grey market premia of those in queue

Half a dozen companies are to make their trading debut this month, but the market is already lukewarm

As per grey market watchers, the premium for Anupam Rasayan, whose shares are set to debut on the bourses tomorrow, has slipped by over 75 per cent

Hotels and resorts in tourist places in Maharashtra have seen up to 30 per cent rise in cancellations and new bookings even as the state reports the sharpest increase in new Covid-19 cases