During morning trading on Friday, November 29, Easy Trip’s share price increased by about 14% when the company went ex-bonus.
The business announced last Friday in an exchange statement that, in light of the November 20 trading holiday, it has moved the bonus share record date to Friday, November 29, 2024.
The issuance of bonus shares in a 1:1 ratio—one bonus share for each fully paid-up equity share—was approved by the company’s board of directors on October 14.
“EaseMyTrip.com has approved the issuance of 1 (one) bonus equity share for every 1 (one) fully paid-up equity share, as per the decision of the board meeting held today. The bonus shares will be issued from the company’s available reserves as of March 31, 2024,” said the company.
The BSE data indicates that this was the third time the company has given its shareholders bonus shares. It previously issued bonus shares on February 28, 2022, in a 1:1 ratio, and on November 21, 2022, at a 3:1 ratio.
In the meantime, the business posted respectable earnings for the September quarter (Q2FY25).
The exchange filing states that its operating revenue for Q2FY25 increased 21% year over year to ₹1,447 million. The profit after tax (PAT) was ₹259 million, with a margin of 17.3 per cent, and EBITDA was ₹423 million, with a margin of 28.2 per cent.
In addition, the quarter’s gross booking revenue (GBR) came to ₹20,756 million. Revenue from other bookings increased by 19.4% to 407 million, while GBR from hotel nights reached 2,414 million, representing a 178.4% YoY gain.
