Easy Trip Planners Limited

Easy Trip Rebounds: Share gains 7% after hitting 52-wk low in last session

The rebound followed a major drop of up to 8 per cent the previous day amid multiple block deals. The drop, meanwhile, led to a fresh 52-week low for the stock.

Promoter Nishant Pitti sells 14% stake in EaseMyTrip for Rs 920 cr

Nishant Pitti, one of the promoter of Easy Trip Planners, on Wednesday divested a 14 per cent stake in the company for Rs 920 crore through open market transactions. According to the bulk deal data available on the NSE, Nishant Pitti sold 24,65,49,833 shares, amounting to a 14 per cent stake in Easy Trip Planners. The shares were offloaded in the price range of Rs 37.22-38.28 apiece, taking the combined transaction value to Rs 920.06 crore. After the stake sale, Nishant Pitti's holding in Easy Trip Planners has come down to 14.22 per cent from 28.13 per cent. Also, the combined shareholding of the promoters' has declined to 50.39 per cent from 64.30 per cent. Meanwhile, Core4 Marcom picked up 5 crore shares of Easy Trip Planners and Craft Emerging Market Fund PCC -- Elite Capital Fund acquired 1.05 crore shares of the company, the data showed on the National Stock Exchange (NSE). The shares were purchased in the price range of Rs 34.25-37.95 apiece, taking the aggregate deal value

Easy Trip drops to 52-week low after promoter likely sells 8.5% stake in co

The company's Co-founder and CEO Nishant Pitti was the likely seller in the multiple block deals transacted on the counter

Travel agency Easy Trip Planners to make electric buses; shares jump 14%

This move aligns with our growth plans to expand the non-air business and will help us establish a strong foothold in the growing EV and eMobility sector, said Rikant Pittie, EaseMyTrip's co-founder

ixigo IPO to put spotlight on Easy Trip, Yatra; Are they worth your money?

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Zomato, Paytm: What should investors do with new-age stocks? Analysts weigh

Shares of Zomato have soared 57 per cent so far in 2024, but those of Paytm have tumbled 46 per cent

Laggards of 2023 scripting a rebound in 2024; Can the trend continue?

Borosil Renewable and EaseMyTrip can potentially rally up to 18% from present levels, while Adani Green and Epigral may consolidate, suggests technical charts.

Easy Trip Planners Q3 results: Net profit rises 9.56% to Rs 45.68 cr

Online travel services provider Easy Trip Planners Ltd on Friday reported a 9.56 per cent increase in consolidated net profit at Rs 45.68 crore in the third quarter ended December 31, 2023. The company had posted a consolidated net profit of Rs 41.69 crore in the same period last fiscal, Easy Trip Planners, which operates under the brand EaseMyTrip, said in a regulatory filing. Consolidated revenue from operations during the quarter under review stood at Rs 160.79 crore as against Rs 136.15 crore in the year-ago period, it added. Total expenses were higher at Rs 105.05 crore as compared to Rs 82.6 crore in the corresponding period a year ago, the company said. "Looking ahead, we're intensifying efforts to grow our air ticketing business and enhance our presence in non-air segments such as hotels, holidays, and transportation on a global scale," Easy Trip Planners Co-founder and CEO Nishant Pitti said. Also, he said, "We are expanding our retail footprints domestically and explorin

Easy Trip Planners gets board nod for raising funds up to Rs 1,000 cr

Online travel service provider Easy Trip Planners Ltd is planning to raise up to Rs 1,000 crore through a preferential issue. The board of directors of the company, at its meeting held on Tuesday, has given in-principle approval for the fundraising proposal, Easy Trip Planners, which operates under the brand EaseMyTrip, the company said in a regulatory filing. The company further said that the board's in-principle approval pertains to "identifying the optimum combination of equity shares and/or warrants convertible into equivalent number of equity shares of the company to be issued on preferential basis for raising funds up to Rs 1,000 crore." The exercise will be on such terms and conditions as may be determined by the board in accordance with SEBI regulations and other applicable laws and to identify the list of proposed allottees for the aforesaid purpose, it added.

Easy Trip Planners acquires 13.39% stake in Eco Hotels and Resorts

Online travel service provider Easy Trip Planners Ltd on Friday said it has acquired 13.39 per cent stake in Eco Hotels and Resorts in a share swap deal. The company's investment in equity shares of Eco Hotels India is swapped with equity shares of the latter in the ratio of 1:1, Easy Trip Planners, which operates under brand EaseMyTrip, said in a regulatory filing. Subsequently, it has acquired 40 lakh equity shares of Rs 10 each of Eco Hotels and Resorts issued on preferential basis, it added. "Our choice to invest in stakes aligns with our vision to contribute positively to the growth of eco-friendly and green hotels. This investment marks another milestone in our journey to diversify our portfolio and enhance the travel experiences we offer to our customers," EaseMyTrip Co-Founder and CEO Nishant Pitti said. Eco Hotels and Resorts Executive Chairman V K Tripathi said the stake sale is a calculative move towards expanding the company's horizons and to present its guests with "a

Rajesh Exports, Brightcom: Trading strategies for top losers in 2023 so far

Among the Nifty 500 index losing pack so far, Rajesh Exports, Delta Corp and V-Mart Retail can potentially gain up to 15 per cent from current levels, charts show.

Easy Trip Planners Q1 profit down 22% to Rs 26 cr, revenue at Rs 124 cr

Online travel service provider Easy Trip Planners Ltd on Monday reported a 21.82 per cent decline in consolidated net profit at Rs 25.9 crore for the June quarter. The company had posted a consolidated net profit of Rs 33.13 crore in the year-ago quarter, Easy Trip Planners, which operates under the brand EaseMyTrip, said in a regulatory filing. Consolidated revenue from operations during the first quarter of the current fiscal stood at Rs 124.05 crore, as against Rs 87.58 crore a year ago, it added. Total expenses were higher at Rs 91.56 crore, as compared to Rs 47 crore in the same period a year ago, the company said.

Easy Trip Planners in-principally approves acquisition of certain entities

The board also approved the appointment of legal advisers, merchant bankers, tax consultants, and other professionals

Easy Trip Planners Q3 net profit rises 4.1% to Rs 41.7 cr, revenue jumps

Online travel service provider Easy Trip Planners Ltd on Monday reported a 4.16 per cent rise in consolidated net profit to Rs 41.7 crore for the third quarter ended December 2022. The company had posted a consolidated net profit of Rs 40.03 crore in the corresponding quarter of the last fiscal, Easy Trip Planners, which operates under the brand EaseMyTrip, said in a regulatory filing. Its consolidated revenue from operations during the period under review stood at Rs 136.15 crore against Rs 86.56 crore in the year-ago period, it added. The growth was driven by strong volume growth in the flight and hotels segment, the company said. The company's total expenses in the third quarter were higher at Rs 82.6 crore compared to Rs 35.93 crore in the same period previous fiscal. Air segment clocked revenue of Rs 111.57 crore during the quarter against Rs 86.13 crore in the year-ago period, while hotel packages revenue stood at Rs 23.7 crore, the company said.

Easy Trip Planners Ltd to acquire 55% stake in Glegoo Innovations

Online travel service provider, Easy Trip Planners Ltd on Wednesday said it will acquire a 55 per cent stake in Glegoo Innovations Pvt Ltd, an online travel and tours firm, for Rs 3 crore. The company signed a share purchase agreement with Glegoo Innovations Pvt Ltd on January 24, 2023, Easy Trip Planners, which operates under the brand EaseMyTrip, said in a regulatory filing. The board of the company has considered and approved the acquisition, it added. Glegoo will add a new revenue vertical for the company and enable it to scale up its business for online tours and travel related services, it added. Registered with the Registrar of Companies Vijayawada, Glegoo is in the online travel and tours related services, the company said.

Paytm, Nykaa: Will 2022's bloodbath in new-age stocks continue in 2023?

Paytm, Policybazaar, Zomato, and Nykaa have been the worst hit, falling between 50.5 per cent and 60 per cent thus far in 2022

Easy Trip Planners zooms 40% in two days; stock hits all-time high

The stock had turned ex-date for 3:1 bonus issue, and 1:1 stock split on Monday

Easy Trip Planners surges 20% as stock turns ex-date for split, bonus issue

The stock turned ex-date for 3:1 bonus issue, and 1:1 stock split

Easy Trip Planners surges 8% on bonus issue, stock split plan

The board of directors of the company are scheduled to meet on Monday, October 10, 2022, for considering the proposal for issue of bonus shares and/or sub-division/split of shares.

Travel service providers Easy Trip Planners Q4 profit drops 23% to Rs 23 cr

Easy Trip Planners Ltd on Wednesday reported a 23.4 per cent decline in consolidated net profit at Rs 23.34 crore for the fourth quarter ended March, impacted by lower revenue and higher expenses.