Shares of this small-cap company, which offers a wide range of travel services, gained investor attention after the announcement of a record date for issuing bonus shares in a 1:1 ratio. This move is expected to enhance shareholder value and attract further market interest.
Price Variation
In Tuesday’s trading session, Easy Trip Planners Ltd‘s shares opened up at Rs. 30.10 per share, before rising to Rs. 30.69 per share, 2.47 percent up from the previous close of Rs. 29.95 per share.
What happened
Easy Trip Planners Ltd. has announced that, following the recommendation of its Board of Directors and approval from shareholders, it will issue bonus shares in a 1:1 ratio. The company has set Thursday, November 28, 2024, as the Record Date to determine the eligible members for receiving the bonus equity shares.
Services Offered
Easy Trip Planners provides a range of travel services, including flight bookings (domestic and international), hotel reservations, holiday packages, ground transportation (bus, train, taxi), and ancillary services like travel insurance, visa processing, and activity tickets.
Operating through B2C and B2B2C models, the company offers a comprehensive platform catering to diverse customer needs.
Expansion Plans
The company is investing Rs. 200 crore to launch Easy Green Mobility, a venture focused on manufacturing 4,000-5,000 electric buses by 2027-28 in partnership with YoloBus. This initiative aims to promote sustainable, long-distance travel and tap into the rapidly growing Indian electric vehicle market.
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Financial Performance
In its recent financial update for the quarter ending September 2024, Easy Trip Planners Ltd reported revenue from operations of Rs.103 crore, reflecting a 14 percent decline from Rs.120 crore in Q1 FY25. However, net profits fell significantly to Rs.28 crore from profits of Rs.51 crore in the same period.
Easy Trip Planners reported a Gross Booking Revenue (GBR) of Rs. 20,756.4 million and an EBITDA of Rs. 422.9 million.
Shareholding Pattern
As per the September 2024 shareholding pattern, the promoters of Easy Trip Planners Ltd hold a 50.38 percent stake, while Foreign Institutional Investors hold a 2.50 percent stake. Domestic Institutional Investors and Retail investors hold a stake of 2.64 percent and 44.47 percent, respectively in the company.
Company Overview
Easy Trip Planners Ltd., operating under the brand EaseMyTrip, is a prominent Indian online travel agency founded in 2008. The company offers a wide range of travel services, including flight bookings, hotel reservations, and ground transportation, and is recognized for its customer-centric approach and competitive pricing.
Written by – Siddesh S
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