Easy Trip Share Price Soars on Bonus Share Announcement

Easy Trip Planners Limited (EaseMyTrip.com) witnessed an extraordinary surge in its share price, jumping nearly 14% during morning trade on November 29, 2024. This significant uptick coincided with the stock turning ex-bonus, marking a crucial day for investors.

Easy Trip Share Price: Bonus Share Details

The company’s board made a significant announcement regarding bonus shares:

• Ratio: 1:1 bonus share issuance
• Total shares to be issued: 1,77,20,40,618
• Face value: ₹1 per share
• Financing: Through available reserves of ₹3,973.96 million

Implementation Timeline

• Board approval date: October 14, 2024
• Record date: November 29, 2024
• Revised due to trading holiday on November 20

Market Implications

The bonus issue represents a significant corporate action that reflects:

• Strong financial position
• Commitment to shareholder value
• Market confidence
• Growth prospects

The company’s decision to utilize ₹1,772.04 million from its reserves for this bonus issue demonstrates its robust financial health and commitment to maintaining strong shareholder relationships. The consistent pattern of bonus issues, coupled with strong operational performance, suggests a sustainable growth trajectory for Easy Trip Planners Limited.

Historical Context

The company has maintained a consistent record of rewarding shareholders:

• First bonus issue: February 28, 2022 (1:1 ratio)
• Second bonus issue: November 21, 2022 (3:1 ratio)
• Current issue: Third bonus share announcement

Financial Performance

Q2FY25 Highlights

The company demonstrated strong financial metrics:

• Revenue: ₹1,447 million (21% YoY growth)
• EBITDA: ₹423 million (28.2% margin)
• PAT: ₹259 million (17.3% margin)

Operational Metrics

• Gross Booking Revenue: ₹20,756 million
• Hotel nights booking: ₹2,414 million (178.4% YoY growth)
• Other bookings: ₹407 million (19.4% growth)

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