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EaseMyTrip Share Continues to Decline Amid CEO Appointment

03 January 20253 mins read by Angel One
EaseMyTrip's stock drops 6.32% in 5 days while CEO Rikant Pittie takes charge. The company reports a 45.2% profit fall but shows strong hotel booking growth.
EaseMyTrip Share Continues to Decline Amid CEO Appointment
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Easy Trip Planners share price is currently priced at ₹15.26, showing a minor decrease of ₹0.070 (-0.46%) as of 1:57 pm on January 3. The stock opened at ₹15.28, reached a high of ₹15.37, and a low of ₹15.20. 

Over the past 5 days, the stock has dropped by ₹1.03 (-6.32%), and in the last month, it has fallen by ₹1.70 (-10.02%). In the past 6 months, the stock has declined by ₹5.68 (-27.11%), and over the past year, it has seen a decrease of ₹5.21 (-25.44%). Over the last 5 years, the stock has experienced a significant decline of ₹10.79 (-41.40%).

Recent Developments

On January 1, 2025, EaseMyTrip announced the appointment of Rikant Pittie as its Chief Executive Officer (CEO) and Co-founder. In his new role, Rikant will focus on leading the company’s strategic efforts, driving innovation, and improving customer experiences to strengthen EaseMyTrip’s position in the market. Rikant co-founded the company in 2008 and has played an important role in its growth and success. With over 16 years of experience in the travel and tourism sector, he understands market trends and customer needs strongly. Under his leadership, EaseMyTrip has seen substantial growth thanks to its commitment to putting customers first.

Financial Highlights

Easy Trip Planners reported a 45.2% drop in consolidated net profit, which fell to nearly ₹26 crore for the quarter ending September 30, compared to the same period last year.

However, the company saw a 2.1% increase in net sales, reaching ₹144.7 crore for the July-September quarter compared to last year. The company’s profit before interest, depreciation, and taxes (PBIDT) declined by 37.5% to ₹42.3 crore during the same period.

On a positive note, EaseMyTrip’s gross booking revenue (GBR) from hotels and packages surged by 178.4% year-on-year, reaching ₹2414 million. The company also saw a 75.3% growth in hotel night bookings, which reached 2.2 lakh. Additionally, bookings for trains, buses, and other segments increased by 3.3% to 2.8 lakh, contributing 2% to the GBR.

About EaseMyTrip

EaseMyTrip is an Indian global online travel company based in New Delhi. It was founded in 2008 by Nishant Pitti, Rikant Pitti, and Prashant Pitti. The company offers services like hotel bookings, flight tickets, holiday packages (both domestic and international), bus bookings, and white-label services.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

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