Financially strong stock engaged in the business of offering a range of travel-related products and services jumped upto 5 percent in the day’s trade upon declaring an intention to issue bonus shares of the company.
Price Action
With a market capitalization of Rs. 6,054 Crores, the shares of Easy Trip Planners Limited were trading at Rs. 34.18 per equity share, up 3.67 percent from its previous day’s close price of Rs. 32.97.
What Happened
The board of directors of Easy Trip Planners Limited engaged in the business of offering a range of travel-related products and services, are scheduled to meet on Monday, October 14, 2024, to consider and approve the issue of bonus shares of the company.
In Addition, Easy Trip Planners Limited has announced the resumption of bookings to the Maldives looking at improved bilateral ties between both governments and following a constructive discussion with the Ministry of Tourism of Maldives.
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About the Company
Easy Trip Planners Limited is engaged in the business of offering a range of travel-related products and services like reservation and booking services for travel, hospitality, tourism, and many more under its flagship brand called Ease My Trip.
Easy Trip Planners Limited is India’s second-largest online travel agency serving over 20 million satisfied customers. It has an extensive network encompassing 400+ international and domestic airlines, 61,000+ travel agents, and 6+ franchise outlets.
Easy Trip Planners Limited’s gross booking revenue breakdown is as follows, Flights 88.9 percent, hotel and holiday packages 9.3 percent, Train, Buses, and Others 1.8 percent.
Financials & Ratios
Its Revenue from operations grew by 23 percent YoY from Rs. 124 Crores in Q1FY24 to Rs. 153 Crores in Q1FY25, accompanied by profits of Rs. 26 Crores to Rs. 34 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 35.42 percent and a return on capital employed (ROCE) of 25.18 percent. It has a debt-to-equity ratio of 0.
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Written by: Bharath K.S
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