easy trip planners q4 results 2023

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• QUARTERLY RESULTS

+375.15 (+1.48%)

+1,359.51 (+1.63%)

Easy Trip Planners Ltd.

BSE: 543272 | NSE: EASEMYTRIP | Represents Equity.Intra - day transactions are permissible and normal trading is done in this category Series: EQ | ISIN: INE07O001026 | SECTOR: Travel Services Travel Services

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Prev. Close

41.64 (76333)

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Results of Easy Trip

Easy Trip Consolidated June 2024 Net Sales at Rs 152.60 crore, up 23.01% Y-o-Y

Easy Trip Standalone June 2024 Net Sales at Rs 105.90 crore, up 3.48% Y-o-Y

Easy Trip Consolidated March 2024 Net Sales at Rs 164.04 crore, up 40.69% Y-o-Y

Easy Trip Standalone March 2024 Net Sales at Rs 130.01 crore, up 16.63% Y-o-Y

Results of Travel Services Sector

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• SECTOR : DIVERSIFIED CONSUMER SERVICES
• INDUSTRY : TRAVEL SUPPORT SERVICES
• EASY TRIP PLANNERS LTD.

Easy Trip Planners Ltd.

NSE: EASEMYTRIP | BSE: 543272

41.64 1.18 ( 2.92 %)

52W Low on Oct 26, 2023

43.6M NSE+BSE Volume

NSE 20 Sep, 2024 3:31 PM (IST)

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Operating Revenue TTM

Below industry Median

Net profit TTM

Net Profit Margin TTM %

Revenue Growth (TTM)

Net Profit TTM Growth %

Negative Net Profit TTM Growth %

Easy Trip Planners Ltd. quarterly, annual results, revenue, profit, P&L, Balance Sheet, Cash Flow, Annual Reports, Margins - 15 Years history

Easy Trip Planners Q4 Results | Online travel firm slips into red but revenue jumps 40%

Easy trip planners q4 results | the company's non-air segment saw robust growth with total hotel night bookings at 1.4 lakh, up 39%. other bookings increased 53% at 2.7 lakh. shares of easy trip planners ltd ended at ₹44.16, down by ₹1.15, or 2.54%, on the bse..

Online travel service provider Easy Trip Planners Ltd on Friday (May 24) reported a net loss of ₹15 crore for the fourth quarter that ended March 31, 2024.

In the corresponding quarter, Easy Trip Planners posted a net profit of ₹31 crore, the company said in a regulatory filing. The company's revenue from operations jumped 40.7% to ₹164 crore against ₹116.6 crore in the corresponding period of the preceding fiscal.

At the operating level, EBITDA rose 16.1% to ₹49.1 crore in the fourth quarter of this fiscal over ₹42.3 crore in the year-ago period. The EBITDA margin stood at 29.9% in the reporting quarter compared to 36.3% in the corresponding period in the previous fiscal. EBITDA is earnings before interest, tax, depreciation, and amortisation.

Also Read: Q4 Results | Finolex Cables declares dividend of ₹8, posts 6% rise in net profit

In the fourth quarter of FY24, the company's non-air segment saw robust growth with total hotel night bookings at 1.4 lakh, up 39%. Other bookings increased 53% at 2.7 lakh. For FY24, the hotel night bookings and the other bookings were 5.2 lakh (up 49%) and 10.4 lakh (up 67%), respectively.

Nishant Pitti, CEO and Co-Founder of Easy Trip Planners, said, "In Q4FY24, we acquired a 50% stake in Jeewani Hospitality to develop a luxurious 150-room Radisson Blu hotel in Ayodhya, expanding our portfolio with high-quality hospitality offerings to 1.5 lakh daily visitors. We diversified our business and expanded our services to better serve our customers by launching a new subsidiary, EaseMyTrip Insurance Broker Private Limited, marking our entry into the ₹7.9 trillion insurance industry."

Also Read: Uno Minda Q4 Results | Auto components maker declares dividend of ₹1.35, profit jumps 58%

The results came after the close of the market hours. Shares of Easy Trip Planners Ltd ended at ₹44.16, down by ₹1.15, or 2.54%, on the BSE.

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BENGALURU (Reuters) – India’s Easy Trip Planners Ltd, which operates online travel website EaseMyTrip.com, posted a 33.5% jump in fourth-quarter profit on Friday, helped by a burgeoning post-pandemic demand for travel.

The company’s consolidated net profit for the quarter ended March 31 rose to 311.5 million rupees ($3.8 million), compared to 233.4 million rupees a year earlier.

Travel-related spending by consumers post COVID restrictions has been strong and steady, benefitting online travel platforms Easy Trip Planners and rival MakeMyTrip Ltd.

India’s domestic passenger volumes will grow on increasing air travel penetration, pent-up demand and improved per-capita income, the company said in a statement.

The company’s expenses more than doubled in the quarter to 763.7 million, led by a three-fold increase in advertising costs, which took a bite out of its profit.

It reported an 83% jump in gross booking revenue (GBR) to 21.43 billion rupees.

Consolidated revenue from operations leapt 92% to 1.17 billion rupees, driven by its mainstay air travel bookings segment, which contributed a hefty 95% to the topline.

Higher demand for air travel also helped Interglobe Aviation, the operator of India’s top airline IndiGo, to offset rising fuel costs and post profit for the second consecutive quarter.

Shares of Easy Trip Planners closed 0.54% up before results.

(1 USD = 82.6001 INR)

(Reporting by Hritam Mukherjee in Bengaluru; Editing by Sonia Cheema)

Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content.

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Easy trip planners q4 results: profit declines 23% to rs 23 crore.

Total expenses during the quarter were higher at Rs 32.98 crore as compared to Rs 27.18 crore in the year-ago period.For the fiscal year ended March 31, 2022, consolidated net profit was at Rs 105.92 as against Rs 61.01 crore in the previous fiscal, the company said.

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Easy Trip Planners Limited

Ine07o001026, leisure & recreation.

• Easy Trip Planners Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023

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