InvestorQ : I hold shares of Easy Trip bought in the IPO around last year? How were the quarterly results and what is your view on the stock?
vaishnavi mhatre made post

I hold shares of Easy Trip bought in the IPO around last year? How were the quarterly results and what is your view on the stock?

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vidhya Laxmi answered.
4 weeks ago
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Easy Trip reported 168% higher revenues at Rs.59.78 crore and 340% higher profits at Rs.27.13 crore in the Sep-21 quarter. The Gross booking revenues or GBR surged from Rs339cr to Rs895cr on yoy basis. During the quarter, the air segment booking grew 2.5 times while the hotel night booking grew by a full 11 times. Easy Trip also pioneered a first of its kind Full-Refund policy in the event of medical emergencies, which is unique positioning.

Despite sharply higher GBR, the adjusted revenues as a share of GBR surged by 370 bps yoy to 11.3%. Net margins at 45.38% in the Sep-21 quarter was sharply better than 27.64% NPM in the Sep-20 quarter. As an investor I suggest you should hold on and even add on dips. This is an ecommerce booking stock which is scalable infinitely and is already the second largest travel portal in India.

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