Easemytrip

EaseMyTrip Q2FY25 results: Net profit declines 45% to Rs 26 crore

The Delhi-headquartered company's gross booking revenue (GBR) from hotels and packages reached Rs 2,414 million, marking a 178.4 per cent Y-o-Y growth

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

Now, a debit card that offers travel perks, courtesy BoB and EaseMyTrip

Customers can apply for the Bank of Baroda EaseMyTrip Debit Card through Bank of Baroda branches, Mobile Banking, and Internet Banking

EaseMyTrip enters medical tourism; board approves Rs 90 crore acquisitions

EaseMyTrip has acquired a 30% stake in Rollins International for Rs 60 crore and a 49% stake in Pflege Home Healthcare for Rs 30 crore

EaseMyTrip launches ScanMyTrip, a first-of-its-kind travel platform on ONDC

ScanMyTrip.com will serve as a platform where online travel agencies, MSMEs, travel agents, and homestays can list services such as flights, hotels, and accommodations on the ONDC Network

EaseMyTrip Planners Q1 results: Net profit rises 31% to Rs 33.93 cr

Travel booking platform EaseMyTrip Planners on Tuesday reported a 31 per cent rise in its consolidated profit after tax to Rs 33.93 crore in June 2024 quarter. It had reported a profit after tax (PAT) of Rs 25.90 crore in the same quarter of last fiscal. The company's total income increased to Rs 156.22 crore in the April-June period, from Rs 126.64 crore a year ago, a regulatory filing showed. However, its total expenses also rose to Rs 109.03 crore during the quarter under review, as against Rs 91.56 crore in the corresponding period of the previous fiscal. "EaseMyTrip sustained its bottom-line growth during the relevant period, continuing with steady operational momentum along with continued focus on profitability. During Q1 FY2025, the Gross Booking Revenue was Rs 2,274.5 crore. Our Revenue from Operations grew by 23 per cent Y-o-Y at Rs 152.6 crore. EBITDA had a growth of 34.9 per cent as compared to Q1 in the previous financial year and was Rs 50.6 crore," Nishant Pitti, ...

GDP growth will be even better: EaseMyTrip co-founder Pitti on Eco Survey

Speaking on the tourism sector, Pitti said that he expects the government to put some more focus on tourism as it provides many employment opportunities

Go First heads towards liquidation after failed EaseMyTrip, SpiceJet bids

Go First owes creditors - Central Bank of India, Bank of Baroda, and IDBI Bank - around Rs 6,200 crore

EaseMyTrip is expecting a positive cashflow from ops this year: CEO

Notably, the company's biggest revenue drivers over the last few quarters have been its non-air segments and increased hotel bookings

EaseMyTrip inks MoU with UP EcoTourism Development Board to boost tourism

Online travel tech platform EaseMyTrip on Monday said it has signed an agreement with Uttar Pradesh EcoTourism Development Board (UPETDB) to boost state tourism. The objective of the Memorandum of Understanding (MoU) is to foster a strategic partnership aimed at elevating the promotion and development of tourism in Uttar Pradesh, EaseMyTrip.com said in a statement. This partnership will leverage EaseMyTrip's extensive reach and technological expertise to highlight Uttar Pradesh's rich eco-tourism offerings, it added. Under the collaboration, EaseMyTrip will also promote all registered homestays in Uttar Pradesh on its online portal. "We are excited to start this new project with UPETDB. Uttar Pradesh, with its rich history, popularity, and stunning natural beauty, hosts a plethora of underrated and unexplored destinations waiting to be discovered by more people. "We are confident that our collaboration with the UPETDB will not only benefit both parties but also contribute ...

GoAir crisis: EaseMyTrip's Pitti withdraws bid for the bankrupt airline

More than three months after jointly bidding for Go First, travel portal EaseMyTrip's CEO Nishant Pitti on Saturday said he was withdrawing the bid for the bankrupt airline. Busy Bee Airways, majority-owned by Pitti, along with SpiceJet Chief Ajay Singh, had put in a bid for Go First, which is undergoing an insolvency resolution process, in February. Pitti said after careful consideration, he decided to withdraw the bid for Go First in his personal capacity. "The decision allows me to better focus on other strategic priorities and initiatives that align with our long-term vision and growth objectives," he said in a statement. The latest move also comes less than a month after the Delhi High Court allowed lessors to take back 54 planes leased to Go First. On April 26, Pitti had said he will consider any necessary adjustments to its proposed offer for the grounded airline after reviewing the court order. It could not be immediately ascertained whether Ajay Singh will be pursuing th

EaseMyTrip Q4 results: Net loss at Rs 15 cr, total expenses at Rs 117 cr

Travel booking platform EaseMyTrip on Friday reported a loss of Rs 15.07 crore for the March quarter on a consolidated basis, as against a profit after tax (PAT) of Rs 31.05 crore a year ago. For the full financial year ended March, the company reported a PAT of Rs 103.46 crore down from Rs 134.10 crore in the previous fiscal, the company said in a regulatory filing. Its total income for the fourth quarter of FY24 rose to Rs 172.55 crore, as against Rs 120.79 crore in the year-ago period. However, its total expenses also increased to Rs 117.48 crore in the March quarter, from Rs 76.36 crore a year ago. The company's scrip settled at Rs 44.16, down 2.54 per cent from the previous day's close on the BSE.

Zoomcar partners with EaseMyTrip to offer integrated travel solutions

Car sharing marketplace Zoomcar and EaseMyTrip on Tuesday announced a partnership allowing users to book self-drive cars on the latter's online travel platform. With this partnership Zoomcar's wide range of self-drive cars has been seamlessly integrated into the EaseMyTrip platform, allowing users to book their preferred Zoomcar directly from the EaseMyTrip app offering travellers convenience and flexibility in planning their journeys, the two companies said in a statement. EaseMyTrip users will now have access to Zoomcar's fleet of over 25,000 cars, spanning a diverse range of models from hatchbacks to sedans to SUVs like Kia Carens, Hyundai Creta, Tata Nexon, and MG Astor, among others, it added.

Tata Motors, NTPC, Platinum Industries, Exicom Tele-Systems in focus

Exicom Tele-Systems: Shares of the company will list on the stock exchanges today. The final issue price is Rs. 142 per share.

Radisson to open second hotel in Ayodhya with EaseMyTrip, Jeewani Group

This comes just weeks after Radisson announced that it will make its debut in Ayodhya with Park Inn

EaseMyTrip announces 5-star hotel in Ayodhya, expects 10x growth in tourism

The co-founder of EaseMyTrip further said that as the hospitality landscape evolves, EaseMyTrip is dedicated to delivering unparalleled travel experiences and improving India's tourism infrastructure

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

E-booking co EaseMyTrip ventures into insurance sector with new subsidiary

Online travel booking platform EaseMyTrip.com on Wednesday announced venturing into the insurance sector with the launch of its subsidiary EaseMyTrip Insurance Broker Pvt Ltd. The company termed it a "strategic move" to diversify its service portfolio and tap into the insurance market by creating a specialised product to solve customer needs. "The new venture is expected to solidify EaseMyTrip's position in the industry and cater to a Rs 7.9 trillion market with EaseMyTrip's own 20 million userbase," the company said in a regulatory filing. The company's insurance foray comes days after it made headlines for suspending flight bookings to the Maldives in the wake of diplomatic tensions between India and the island nation.

EaseMyTrip suspends flight bookings to Maldives over tourism row with India

Maldivian ministers mocked PM Modi's visit to Lakshadweep, stating that India could not compete in terms of tourism

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.