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    Easy Trip Q3 FY23 — Well placed to make the most of the good times

    Earnings of Easy Trip Planners to grow, driven by sector growth, diversification into non-airline ticketing, foray into international geographies, and meaningful acquisitions

    Madhuchanda Dey
    February 07, 2023 / 02:05 PM IST
    Easy Trip Q3 FY23 — Well placed to make the most of the good times

    Investors should look at this stock for strong earnings traction in the next few years. (Image: Representative AFP)

    PRO Only Highlights
    -      Quarterly performance largely backed by improved realisations
    -      Medium-term triggers China plus and protectionist measures for tyre industry
    -      Valuations not inexpensive; but improved medium-term outlook

    Highlights Strong revenue performance Gross booking revenue grows well, take-rate improves Cost under control despite brand promotion, operating leverage should kick in Competition intensifying, company appears to be defending market share International foray and non-airline ticketing, the areas to watch out for Acquisitions done in the non-airline space Long-term visibility, buy for a profitable journey Easy Trip (CMP: Rs 52.05, Market Cap: Rs 9047 crore) is seeing a significant jump in gross booking revenue, stable market share and commission (take rates) despite heightened competitive intensity, and slow...

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