Share price of one of India’s leading travel tech platforms moved up by 3.2 percent on BSE to hit an intraday high at Rs. 44.45 in the trading session of Tuesday, following a collaboration with SIDBI and Uttarakhand Tourism to increase its homestay business along the Chardham Yatra Route.
With a market capitalisation of Rs. 7,823.6 crore, at 01:10 p.m., the shares of Easy Trip Planners Limited were trading in the green at Rs. 44.24, up by 2.72 percent.
According to the latest regulatory filings with the stock exchanges, EaseMyTrip.com collaborated with the Small Industries Development Bank of India (SIDBI) and the Uttarakhand Tourism Development Board (UTDB), and announced the launch of a Homestay Entrepreneurship Training Programme.
The collaboration aims to increase the company’s homestay business along the Chardham Yatra route.
This innovative training program, initiated in April and extending throughout May, aims to enhance the capabilities of 150 homestay owners by equipping them with essential skills in hospitality and eco-friendly practices.
The curriculum is meticulously designed, integrating classroom learning with practical sessions, ultimately leading to a certification jointly issued by EaseMyTrip, SIDBI, and UTDB.
The training covers crucial topics such as hygiene, environmental safety and waste management, guest safety and security, housekeeping management, customer support, booking management, and technology training and support.
The sessions have awarded certificates to 31 homestay owners in Joshimath, 25 homestay owners in Guptkashi, and 39 homestay owners in Ukhimath.
In terms of financials, the company’s consolidated revenue from operations grew by 18 percent from Rs. 136.15 crore in Q3 FY22-23 to Rs. 160.8 crore in Q3 FY23-24, along with a rise in the net profit of 9.6 percent, from Rs. 41.7 crore to Rs. 45.7 crore, during the same period.
The stock has delivered positive returns of about 5.2 percent in the last six months and 8.3 percent of positive returns, so far in 2024. However, it has given 3.8 percent of negative returns in the last one year.
EaseMyTrip is a Unicorn-listed travel avenue in India operating across three different distribution channels: B2B2C (business to business to customer), B2C (business to customer) and B2E (business to enterprise).
The company offers ‘End to End’ travel solutions including air tickets, hotel bookings, cab booking, bus tickets, and railway tickets in India for all major cities.
Written by Shivani Singh
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