Easy Trip Planners Ltd

EaseMyTrip Official Statement: 'As per information available in the public domain, the ED conducted searches at over 50 locations of various persons/ corporates. Amongst them one was EaseMyTrip premises. While EaseMyTrip has no direct or indirect association with the Mahadev Betting App or any other betting platform, we remain fully committed to cooperating with the authorities throughout the course of the investigation' - said a EaseMyTrip spokespersonPowered by Capital Market - Live

Easy Trip Planners will hold a meeting of the Board of Directors of the Company on 12 April 2025.Powered by Capital Market - Live

The key equity indices continued to trade with limited losses in mid-morning trade. The Nifty traded tad below 23,650 mark. Media shares declined for the second consecutive trading session. At 11:25 IST, the barometer index, the S&P BSE Sensex declined 170.18 points or 0.22% to 77,849.33. The Nifty 50 index fell 19.45 points or 0.08% to 23,649.20. In the broader market, the S&P BSE Mid-Cap index rose 0.21% and the S&P BSE Small-Cap index shed 0.42%. The market breadth was weak. On the BSE, 1,414 shares rose and 2,340 shares fell. A total of 149 shares were unchanged. Buzzing Index: The Nifty Media index declined 1.45% to 1,501.95. The index declined 3% for the second consecutive trading session. Saregama India (down 2.43%), Tips Music (down 1.93%), Sun TV Network (down 1.83%), PVR Inox (down 1.75%), Den Networks (down 1.2%), Zee Entertainment Enterprises (down 0.81%), Hathway Cable & Datacom (down 0.75%), Network 18 Media & Investments (down 0.68%), Dish TV India (down 0.66%) and Nazara Technologies (down 0.07%) declined. Stocks in Spotlight: Easy Trip Planners declined 1.92%. The company announced that it has signed a strategic Memorandum of Understanding (MoU) with Tourism New Zealand to strengthen travel ties and enhance access for Indian tourists to the island nation. Dredging Corporation of India rose 1.47% after the company's board appointed P Uma Gandhi as chief financial officer (CFO) and key managerial personnel (KMP) of the company, replacing Kiran Easankarala, effective 25 March 2025. Valiant Communications jumped 6.38% after the company announced that it had received an order worth $811,000 (approximately Rs 7 crore) from power utilities in the USA and Europe for the supply of technical requirements. Global Markets: Most Asian stocks advanced on Wednesday as concerns eased over the impact of U.S. President Donald Trump's planned trade tariffs. Japanese shares pared early gains after Bank of Japan Governor Kazuo Ueda warned of further interest rate hikes. Meanwhile, Japan's corporate services price index'a key measure of producer inflation'came in slightly cooler than expected for February but remained sticky at 3%, data showed on Wednesday. On Wall Street, U.S. indices advanced on Tuesday, driven primarily by gains in heavyweight technology stocks. The S&P 500 edged up 0.2% to 5,776.62, while the NASDAQ Composite gained 0.5% to 18,271.86. The Dow Jones Industrial Average inched higher to 42,587.50, marking a third consecutive day of gains for all three indexes. Tesla Inc climbed over 3% despite data showing a second straight month of declining European sales. Meanwhile, GameStop Corp surged 8% in after-hours trading following its management's approval of a plan to invest excess cash in Bitcoin. The Conference Board's consumer confidence index fell to a reading of 92.9 down from an upward revised 100.1 in the prior month amid ongoing concerns about a tariff-induced slowdown. Trump's proposed tariffs remained in focus ahead of an April 2 announcement on additional trade measures. Reports indicating that the tariffs may be less severe than initially feared helped boost Wall Street sentiment this week. However, the 47th President reiterated his stance on imposing duties on automobile imports and signaled upcoming tariffs on lumber and semiconductors. Next week, he is expected to unveil reciprocal tariffs on around 15 major U.S. trading partners, though the full scope and impact remain uncertain.Powered by Capital Market - Live

This partnership underscores EaseMyTrip's commitment to making international travel more convenient, with tailored experiences and exclusive offerings that cater to Indian travellers' preferences. The initiative aligns with Tourism New Zealand's vision to boost Indian arrivals by addressing travel barriers and promoting year-round tourism. Nishant Pitti, chairman & founder of EaseMyTrip, stated, 'New Zealand is a paradise for nature lovers, offering a mesmerizing blend of scenic landscapes, adventure, and rich cultural heritage. Through this collaboration, Indian travellers get the chance to explore the 'Land of the Long White Cloud' with ease and convenience.' Ren' de Monchy, Chief Executive of Tourism New Zealand, said, 'India is one of New Zealand's fastest-growing markets, with holiday visitor numbers experiencing double-digit growth, and huge potential to keep growing. We are focused on enhancing these commercial partnerships and through improved connectivity and strategically targeted high-impact marketing campaigns, we are keen to convert this interest into bookings and visitation.'' Easy Trip Planners, the operator of EaseMyTrip.com, is the fastest-growing, 2nd-largest company in the online travel portal in India. The company offers a comprehensive range of travel-related products and services for end-to-end travel solutions, including airline tickets, hotel and holiday packages, rail tickets, and bus tickets. The company's consolidated net profit declined 25.53% to Rs 34.02 crore in Q3 FY25 as compared with Rs 45.68 crore in Q3 FY24. Revenue from operations fell 6.36% YoY to Rs 150.56 crore in Q3 FY24. The scrip declined 1.85% to Rs 12.75 on the BSE.Powered by Capital Market - Live

EaseMyTrip.com has signed a strategic Memorandum of Understanding (MoU) with Tourism New Zealand to strengthen travel ties and enhance seamless access for Indian tourists to the island nation. This partnership underscores EaseMyTrip's commitment to making international travel more convenient, with tailored experiences and exclusive offerings that cater to Indian travellers preferences. As part of the collaboration, EaseMyTrip will introduce curated travel packages, seasonal promotional campaigns, and streamlined booking solutions to encourage Indian tourists to explore New Zealand's breathtaking landscapes, adventure tourism, and cultural heritage. The initiative aligns with Tourism New Zealand's vision to boost Indian arrivals by addressing travel barriers and promoting year-round tourism.Powered by Capital Market - Live

EaseMyTrip.com is embarking on a significant global expansion, marking its official entry into the Brazilian and Middle Eastern markets, alongside a strategic investment in the United States. The company has established two wholly owned foreign subsidiaries: Easy Trip Planners Do Brasil Ltda. in Brazil and Easy Trip Planners in Saudi Arabia, positioning itself to tap into high-growth markets. This strategic move solidifies EaseMyTrip's global footprint and supports its mission to expand in key international markets. Brazil's travel market, valued at $21.6 billion in 2023, is projected to grow to $22.3 billion by 2028. Meanwhile, Saudi Arabia's tourism sector, expected to reach $53.2 billion in 2024, is growing at a compound annual growth rate (CAGR) of 8.4%, with projections to surge to $110.1 billion by 2033. With these promising growth trends, EaseMyTrip is poised to capitalize on the dynamic opportunities in both regions, enhancing its presence and increasing market share in the global tourism industry. Further strengthening its Middle Eastern footprint, EaseMyTrip's UAE subsidiary has made a strategic investment in two new Dubai-based subsidiaries: Ease My Trip Tours L.L.C (EMT Tours) and Ease My Trip Holiday Homes L.L.C (EMT Holiday). With the UAE's tourism sector expected to contribute AED 236 billion to the national economy in 2024, accounting for 12% of the country's GDP, this expansion comes at a critical juncture. EMT Tours will specialize in inbound and outbound tour operations, while EMT Holiday will focus on the fast-growing vacation home rental market. These initiatives further diversify EaseMyTrip's offerings, enabling the company to tap into the region's booming tourism potential. EaseMyTrip has also made a strategic investment in EaseMyTrip USA to strengthen its operations and enhance its presence in the American market, where tourism is set to contribute a record breaking $2.36 trillion to the nation's economy. This investment positions the company to leverage the robust growth of the U.S. travel industry and solidify its standing in one of the largest tourism markets globally. Nishant Pitti, Chairman and Founder of EaseMyTrip, said, 'This is a significant milestone in our growth story as we expand our global presence and diversify our services. Our entry into Brazil and Saudi Arabia and expansion in the Middle East, and the U.S. reflects our commitment to offering seamless travel experiences across the globe. We are confident that our technological expertise and customer-centric approach will help us grow rapidly in these regions and contribute to the growth of the global travel and aviation sectors.' He further added, 'As we continue to scale, our focus remains on leveraging innovation to create unmatched value for our customers and stakeholders. We are determined to strengthen our position in the global travel ecosystem, foster economic growth, and enhance connectivity in both emerging and developed markets.'Powered by Capital Market - Live

Easy Trip Planners will hold a meeting of the Board of Directors of the Company on 24 March 2025.Powered by Capital Market - Live

The company stated that this collaboration aims to make travel more accessible, comfortable, and stress-free for elderly travellers booking flights through the EaseMyTrip platform. According to an exchange filing, in this partnership, EaseMyTrip will provide senior citizens with a seamless travel experience, featuring personalized assistance to make flight bookings easier and ensuring that elderly travellers receive support throughout their journey. Special services, including exclusive discounts, will be available to senior citizens, enhancing affordability without compromising comfort. Key benefits include priority seating, wheelchair assistance, and on-ground support at airports for those who require additional help. Furthermore, Sukoon Unlimited will offer complimentary wellness services, such as pre- and post-travel consultations, to ensure that senior travellers are well-prepared for their trips and receive necessary care before and after their travels. The company added that this partnership highlights the shared vision of both EaseMyTrip and Sukoon Unlimited to cater to the unique needs of senior travellers, empowering them to explore destinations with enhanced comfort and care. These exclusive benefits are now available to senior citizens when booking flights through the EaseMyTrip platform. Easy Trip Planners, the operator of EaseMyTrip.com, is the fastest-growing, 2nd-largest company in the online travel portal in India. The company offers a comprehensive range of travel-related products and services for end-to-end travel solutions, including airline tickets, hotel and holiday packages, rail tickets, and bus tickets. The company's consolidated net profit declined 25.53% to Rs 34.02 crore in Q3 FY25 as compared with Rs 45.68 crore in Q3 FY24. Revenue from operations fell 6.36% YoY to Rs 150.56 crore in Q3 FY24. The scrip declined 0.90% to Rs 12.09 on the BSE. Powered by Capital Market - Live

EaseMyTrip.com, one of India's leading online travel tech platforms, has announced a strategic partnership with Sukoon Unlimited, a premium senior care service provider, to offer exclusive benefits tailored for senior citizens. This collaboration is aimed at making travel more accessible, comfortable, and stress-free for elderly travellers booking flights through EaseMyTrip. As part of this partnership, senior citizens can enjoy a seamless travel experience with specially designed services. EaseMyTrip will provide personalized assistance to make booking flights effortless, ensuring that elderly travellers receive the necessary support at every stage of their journey. Additionally, exclusive discounts will be offered to senior travellers, making their trips more affordable while maintaining the highest levels of comfort. To further enhance their travel experience, priority seating, wheelchair assistance, and on-ground support at airports will be available to those in need. Beyond these travel conveniences, Sukoon Unlimited will offer complimentary wellness services such as pre- and post-travel consultations, ensuring that senior travellers are well-prepared for their trips and receive the necessary care before and after their journeys.Powered by Capital Market - Live

Under this achievement, electric buses will be operated by YoloBus and manufactured by Easy Green Mobility. This win addresses the pressing challenge of limited electric bus supply amid high demand, while also aligning with the state's vision for sustainable public transportation. The first batch of state-of-the-art electric buses will be deployed in August 2025. Each bus is engineered to deliver an unmatched blend of advanced technology, passenger comfort, and environmental efficiency'ensuring a seamless, safe, and green travel experience. YoloBus is transforming intercity travel across India with its premium services, operating on more than 250 routes and redefining the travel experience with superior comfort, sustainability, and efficiency. Rikant Pittie, CEO and Co-Founder of EaseMyTrip, said, Our entry into in-house electric bus manufacturing is a direct response to the strong demand we've observed through YoloBus. In a market where supply struggles to meet soaring demand, we recognized that this strategic shift was not just necessary to address immediate operational needs but also to capture a rapidly growing market. The electric vehicle market, valued at USD 331.9 million in 2024, is projected to grow at an impressive CAGR of 18.2%. This move is further supported by robust government initiatives, such as the PM E-Drive, state-level policies, and PLI schemes, offering an excellent opportunity to localize production and create a fully 'Make-in-India' product. With our new subsidiary, Easy Green Mobility, and an initial investment of Rs 200 crore, we are committed to setting new standards in sustainable transit and expanding our presence in the booming EV and eMobility sector.' Manoj Soni, CEO of Easy Green Mobility, said, 'We are thrilled to collaborate with SCTSL and the Madhya Pradesh government in their commitment to advancing sustainable mobility and are grateful for their trust in Easy Green Mobility and EaseMyTrip. As we contribute to India's 'Make in India' vision of becoming a global leader in green transportation, we are excited to roll out our advanced electric buses through YoloBus, providing a new experience to the people of Madhya Pradesh with eco-friendly travel solutions and comfortable buses. Through this partnership, we remain dedicated to enhancing public transit in the region by delivering an improved travel experience while promoting sustainable and innovative mobility solutions.' Easy Trip Planners, the operator of EaseMyTrip.com, is the fastest-growing, 2nd-largest company in the online travel portal in India. The company offers a comprehensive range of travel-related products and services for end-to-end travel solutions, including airline tickets, hotel and holiday packages, rail tickets, and bus tickets. The company's consolidated net profit declined 25.53% to Rs 34.02 crore in Q3 FY25 as compared with Rs 45.68 crore in Q3 FY24. Revenue from operations fell 6.36% YoY to Rs 150.56 crore in Q3 FY24. The scrip slipped 1.47% to Rs 12.05 on the BSE. Powered by Capital Market - Live