EasyTrip witnesses sharp rebound in revenues. Q2 profit surpasses FY19 full year profitEASEMYTRIP - 39 Change: 0.45 (1.17 %)
News: Easy Trip Planners reported a healthy set of results for Q2FY22. Revenue increased 339% YoY, 134% QoQ to Rs.43.7 crore on a sharp rebound in domestic air traffic post easing of restrictions along with the benefit of low base effect. EBITDA increased 302% QoQ to Rs.20.8 crore. Reported PAT of Rs.27.2 crore was up 76% QoQ.
Views: With easing of restrictions on domestic air travel, the company has been able to scale up business rapidly during Q2. Further, the cost control measures adopted during Covid times along with the reduction in the discounts, the company’s Q2FY22 has surpassed full year profit of | 24 crore for FY19. Now with the airlines allowed to operate with their full capacity, we expect further traction in the company’s revenues and profitability, going ahead.