The shares of one of the leading online travel providers specializing in offering a wide range of travel services are in focus upon the Strategic Acquisition of a 49 percent stake in Big Charter Pvt Ltd.
Price action
With a market capitalization of Rs. 4,674.64 crores on Tuesday, the shares of Easy Trip Planners Limited jumped upto 2.7 percent making a High of Rs.13.77 per share compared to its previous closing price of Rs. 13.40 per share.
What Happened
Easy Trip Planners Limited is engaged in offering a wide range of travel services has has received Board approval to acquire a 49 percent stake in Big Charter Pvt Ltd, a leading player in India’s charter aviation sector.
This move expands EaseMyTrip’s presence in the rapidly growing charter aviation market, expected to grow from USD 650.5 million to USD 1.14 billion by 2033. The acquisition will allow EaseMyTrip to offer premium, flexible air travel options, particularly to corporate clients and high-net-worth individuals.
By integrating its technology with Big Charter’s operations, the company aims to improve the charter booking experience and extend its services to Tier-2 and Tier-3 cities.
Along with it, EaseMyTrip is expanding globally by entering the Brazilian, Middle Eastern, and U.S. markets. It has set up subsidiaries in Brazil, Saudi Arabia, and Dubai, focusing on tours and vacation rentals. The company is also investing in the U.S. to strengthen its presence in the growing global tourism industry.
Management Commentary
Mr. Nishant Pitti, Chairman and Founder of EaseMyTrip, expressed his excitement about the acquisition, “This partnership is a crucial step toward making charter air travel more accessible across India. By combining EaseMyTrip’s cutting-edge technology with Big Charter’s established expertise, we are poised to revolutionize the way air travel is experienced.
The integration of their NSOP operations will allow us to cater to a wider range of premium customers, further solidifying our commitment to driving the growth of India’s charter aviation market.”
Mr. Sanjay Mandavia, Director of Big Charter Pvt Ltd, echoed this sentiment, stating, “Partnering with EaseMyTrip marks a transformative moment for us. Leveraging EaseMyTrip’s technological expertise and vast customer base will accelerate our growth, expand our reach, and enhance the efficiency of our services.
Together, we are positioned to offer a more accessible and seamless travel experience, strengthening our mission to provide affordable, reliable, and high-quality travel options across India.”
Gross Booking Revenue Breakdown
In Q3FY25, the company’s Gross Booking Revenue was mainly driven by Flights (86.9 percent), followed by Hotels and Holiday Packages (11.1 percent), and Trains, Buses, and Other services (2 percent).
Financials
The company’s revenue declined by 6.9 percent from Rs. 165.31 crore to Rs. 153.82 crore in Q3FY24-25. Meanwhile, Net profit declined from Rs. 45.66 crore to Rs. 33.64 crore during the same period.
Written by Sridhar J
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