Easy Trip Planners' PAT exceeds Rs100 crore in FY22; stock skids ~3.5%

30 May 2022 , 12:05 PM

EaseMyTrip, India’s second-largest online travel platform continues to deliver exemplary results by growing its profits at a CAGR of over 78% during the period FY20-FY22.

The company reported a PAT of Rs105.70 crore during FY22.

The company has been performing consistently on a yoy basis across all businesses. It further continues to gain increased margins, commissions and enhanced operational efficiency.

EaseMyTrip has become a part of the elite club of India’s first-ever 100 unicorns.

The company states that it is proud of being a customer-centric organization and has focused on efficiently catering to the rising needs of customers and offering a wide range of value-added services- a practice that has remained unhampered during the pandemic as well.

Apart from robust growth in the air segment, the company focused on expanding its non-air businesses where it has strengthened its hotels business by achieving a CAGR of 70% during the FY20-FY22 period in terms of room nights.

 
At around 12.19 AM, Easy Trip Planners was trading at Rs381.50, down by Rs13.45 or 3.30% against its previous close of Rs394.95 on NSE. It touched an intraday high and low of Rs405.95 and Rs379.10 respectively.