Outstanding results: Dont miss action in EaseMyTrip on Monday
The company saw consistent performance across businesses and witnessed a strong recovery in demand across business segments.
It is earnings season right now and the list of companies declaring outstanding results is increasing as we progress. After big wigs like Sun Pharma and Bajaj Finance declare the above estimate results, also contributing to the BSE Sensex rally, we have EaseMyTrip declare a positive set of results on Friday.
The profit after tax (PAT) doubled by 125 per cent to Rs 33.7 crore for EaseMyTrip in Q1FY23.
Interestingly EaseMyTrip is catching investors' attention as it is India’s only company delivering consistent profits every quarter among all listed new-age tech businesses.
EaseMyTrip is India’s second-largest online travel platform. The company announced Q1FY23 results with a profit jump by 125 per cent to Rs 33.7 crore as against a net profit of Rs 14.9 crore in the corresponding quarter last year. Further, the Q1FY23 Gross Booking Revenue (GBR) stood at Rs 1,663 crore, generating strong and sustainable growth for its stakeholders.
The company saw consistent performance across businesses and witnessed a strong recovery in demand across business segments. The adjusted revenue jumped by 169 per cent YoY to Rs 132 crore. The air segment booking was up by 212 per cent and hotel nights booking grew by 409 per cent while Trains, Buses, and others registered a growth of 132 per cent in Q1FY23.
The price volume breakout in the shares of EaseMyTrip on Friday along with a positive set of results may attract buyers to EaseMyTrip shares.
Watch out for this trending share with outstanding results on Monday's trading session.