In Monday’s trading session, the shares of one of the leading online travel providers Specializing in offering a wide range of travel services jumped up to 15 percent after Chairman Nishant Pitti confirmed no future stake sales by promoters.
Price action
With a market capitalization of 5,500.41 Crores on Monday, the shares of Easy Trip Planners Limited with CMP of 16.10, made a high of Rs 18.25 compared to its previous closing price of Rs 15.51.
What happened
On December 31, the board of Easy Trip Planners Limited announced that the company’s Co founder Nishant Pitti resigned as the company’s Chief Executive Officer (CEO) due to personal reasons and divested a 1.4 percent stake in Easy Trip Planners for Rs. 78.32 crore via an open market transaction
Following this today the shares of Easy Trip Planners Limited surged 15 percent on Monday, January 6, following an announcement made by its Chairman, Nishant Pitti on X (formerly Twitter), in which he stated that no further stake sales by any promoters would occur in the future.
About the company
Easy Trip Planners Limited, widely recognized by its brand name EasyMyTrip, is one of India’s leading online travel service providers. Founded in 2008 by Nishant Pitti and Prashant Pitti, the company has revolutionized the travel booking experience by offering a comprehensive suite of services, including flight bookings, hotel reservations, holiday packages, bus services, and car rentals, all accessible through its user-friendly website and mobile app.
It aims to simplify the travel experience for individuals by leveraging technology to provide hassle-free booking and customer support. With a strong presence in the Indian market, EasyMyTrip has also expanded its operations internationally, catering to a diverse clientele.
Recent Developments
Easy Trip Planners Ltd has made significant strides in expanding its offerings and operations. It launched ScanMyTrip.com, India’s first travel marketplace on the ONDC platform, helping OTAs, MSMEs, and travel agents expand their digital presence. In a strategic partnership with the Uttar Pradesh EcoTourism Development Board, EaseMyTrip is promoting eco-tourism by enhancing homestays, wildlife tours, and cultural heritage tourism.
Furthermore, the company is investing Rs. 200 crore in launching Easy Green Mobility, with plans to manufacture electric buses in partnership with YoloBus, targeting sustainable travel in India’s growing EV market.
Revenue Segmentation
Easy Trip Planners Ltd. sees significant revenue contributions across various sectors. The Flights segment leads with 86.4 percent of the total revenue, followed by the Hotels and Holiday Packages segment, which contributes 11.6 percent and The Trains, Buses, and Other categories account for 2.0 percent
Financials
The company’s revenue rose by 3.7 percent from Rs 144.56 crore to Rs 149.94 crore in Q2FY24-25. Meanwhile, Net profit declined from Rs 47.18 crores to Rs 25.87 crore during the same period.
Key Financial ratios
Easy Trip Planners Limited has an impressive Return on Equity (RoE) of 24.14 percent and a Return on Capital Employed (RoCE) of 26.13 percent. Furthermore, the company’s debt-to-equity ratio is 0.06.
Written by Sridhar J
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
