Easy Trip Planners Ltd. reported strong quarterly results for the quarter ended March 2023. The company’s consolidated net sales increased by 91.59% year-over-year to Rs. 116.60 crore. Net profit also increased by 33.48% to Rs. 31.15 crore. EBITDA stood at Rs. 46.63 crore, up 37.27% from the previous year.
The company’s strong performance was driven by a number of factors, including higher travel demand and increased market share. The company also benefited from lower fuel costs and a favorable foreign exchange rate.
However, the company’s earnings per share (EPS) decreased to Rs. 0.18 in March 2023 from Rs. 1.07 in March 2022. This was due to the company’s decision to increase its share buyback program.
Overall, the company’s quarterly results were strong. The company is well-positioned to continue its growth in the coming quarters.
Key Highlights
- Consolidated net sales up 91.59% year-over-year to Rs. 116.60 crore
- Net profit up 33.48% to Rs. 31.15 crore
- EBITDA up 37.27% to Rs. 46.63 crore
- Higher travel demand
- Increased market share
- Lower fuel costs
- Favorable foreign exchange rate
- EPS decreased to Rs. 0.18
- Company’s decision to increase its share buyback program
Imp Note: Track Gift Nifty Live Price, Global Market data and FII DII Today Activity to setup for your Intraday/next day trading plan. More over Track Global Events like RBI Repo Rate, US Inflation and India WPI inflation to setup your positional trades.
