This Tourism stock which deals in the business of providing travel-related products and services for end-to-end travel solutions, includes bus, rail and airline tickets, hotel and holiday packages, is in focus after its subsidiaries won M.P state tender for Inter City Bus.
Price Movement
In Monday’s trading session, Easy Trip Planners Ltd‘s share price touched a day’s low of Rs. 11.88, which was down by 2.86 percent. The share price reiterated from the day’s low and was trading at Rs. 12.05, which is 1.47 percent lower than the previous closing price of Rs. 12.23.
In the past year, the stock has delivered a negative return of around 23 percent and has underperformed the Nifty Index.
What Happened?
The company’s stock was in focus after Easy Trip Planners through its wholly owned subsidiaries YoloBus and Easy Green Mobility won its tender bid for Madhya Pradesh Government’s only first inter-city electric buses tender which is issued by Sagar City Transport Services Limited (SCTSL).
The said electric buses shall be operated by YoloBus and manufactured by Easy Green Mobility. For this project, the first batch of electric buses is expected to be deployed in August 2025.
For Easy Green Mobility, In August 2025, the company plans to roll out in launch of 12-meter and 13.5-meter electric buses in phases followed by 9-meter electric buses introduction by November – December 2025.
The YoloBus plans to additionally deploy over 500 electric buses by the end of 2025 and expand by 2027.
Management Commentary
Commenting on the development, the CEO and Co-founder of EasyMyTrip, Rikant Pittie said “Our entry into in-house electric bus manufacturing is a direct response to the strong demand we’ve observed through YoloBus. In a market where supply struggles to meet soaring demand, we recognized that this strategic shift was not just necessary to address immediate operational needs but also to capture a rapidly growing market. With our new subsidiary, Easy Green Mobility, and an initial investment of INR 200 crore, we are committed to setting new standards in sustainable transit and expanding our presence in the booming EV and eMobility sector”
Further, the CEO of Easy Green Mobility, Manoj Soni said “We are thrilled to collaborate with SCTSL and the Madhya Pradesh government in their commitment to advancing sustainable mobility and are grateful for their trust in Easy Green Mobility and EaseMyTrip. As we contribute to India’s ‘Make in India’ vision of becoming a global leader in green transportation, we are excited to roll out our advanced electric buses through YoloBus, providing a new experience to the people of Madhya Pradesh with eco-friendly travel solutions and comfortable buses. Through this partnership, we remain dedicated to enhancing public transit in the region by delivering an improved travel experience while promoting sustainable and innovative mobility solutions”.
Q3FY25 Financial Performance
Their Q3FY25 results show revenue from operations of Rs. 151 crore which declined by 6.21 percent year on year, from Rs. 161 crore in Q3FY24. Its net profit declined by 26.08 percent year on year, from Rs. 46 crores in Q3FY24 to Rs. 34 crores in Q3FY25.
Business Segment
The company recognizes its operational revenue from Air Passage which contributes around 64.85 percent, Hotel Package contributed around 21.78 percent, and the remaining 13.37 percent as of the December 2024 quarter.
About the company
Easy Trip Planners is a leading Indian online travel agency offering comprehensive travel services, including air tickets, holiday packages, and hotel bookings. It operates through its portal, app, and call centers, with a strong presence in India and international markets like UAE and Thailand.
Written by Santhosh S
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