Key Highlights:
- EaseMyTrip Stock Surge: Shares of EaseMyTrip experienced a significant 10.45% increase, reaching INR 14.90 during intraday trading on the BSE on February 1.
- Midday Decline: Despite the early rise, the stock later reversed its gains, trading 7.93% lower at INR 14.56 by 2:00 PM.
- Recent Low: The company’s stock was among the top decliners, having hit its weekly lowest closing at INR 13.76 on January 21.
Shares of online travel aggregator EaseMyTrip saw a sharp increase of 10.45%, reaching INR 14.90 during intraday trading on the BSE on February 1.
However, the stock later retracted, trading 7.93% lower at INR 14.56 by 2:00 PM.
The New Delhi-based startup currently holds a market capitalization of INR 5,138.92 crore.
As part of the government’s push for tourism, the finance minister outlined a plan to develop 50 key tourist destinations in collaboration with state governments. The initiative aims to boost tourism, create jobs, and enhance infrastructure across India.
In addition to government-led developments, EaseMyTrip’s stock momentum is also fueled by its international expansion efforts. On February 1, the company formally established Easy Trip Planners Do Brasil Ltda, a wholly owned subsidiary in Brazil. The subsidiary was launched with an initial subscription of 1,000 shares, each priced at 100 Brazilian Real, making it a 100% owned venture.
In recent months, EaseMyTrip has ramped up its efforts to explore new business verticals. The company made a strategic move into the hospitality sector, acquiring a 13% stake in Eco Hotels and Resorts through a share-swap agreement. This investment marks its entry into the hotel and lodging industry.
Furthermore, the company expanded into the insuretech space with the launch of EaseMyTrip Insurance Broker, a separate entity under its parent company. This move, announced just two weeks ago, demonstrates its intent to diversify beyond travel aggregation.
The travel technology company further expanded its portfolio by acquiring majority stakes in Delhi-based Dook Travels.
In terms of financial performance, the company reported a 42.8% drop in consolidated profit after tax (PAT), which stood at INR 26.8 crore for the second quarter (Q2) of FY 2024-25, down from INR 46.9 crore in the same quarter of the previous year.
Additionally, revenue growth remained modest, with the company’s topline increasing by just 2.1% to INR 144.6 crore in Q2 FY25, compared to INR 141.6 crore in the corresponding quarter of the previous financial year.
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