
Easy Trip Planners Ltd Q2 FY23 Earnings Call Analysis
Revenue, margin, capex, fundraise and order book outlook from management commentary.
Management growth scorecard
Revenue
Category 1
Margin
Category 3
Fundraise
N/A
Order
N/A
Capex
Yes
2 of 3 growth signals are positive.
Full analysisRevenue guidance
Category 1- The company has shown strong growth with highest ever Gross Booking Revenue (GBR) of ~INR 2,000 crores in Q2 FY2023, almost reaching last year's full GBR in just two quarters.
- Revenue from operations increased sharply by 92% year-on-year in Q2 FY23.
- Air segment reported an 84% YoY growth; transactions in Air and Hotel segments grew by 52% and 69% respectively in Q2 FY23.
- B2C volume remains strong at ~85%, considered stable long-term.
- Growth will be driven by:
- - Customer-first strategy
- - Low-cost business model
- - New-age technology
- - Exceptional marketing campaigns including global sponsorships.
- Expansion into new global markets like Dubai, USA, UK, and others expected to contribute.
- Focus on scaling acquisitions like Spree (profitable, making 20-30 lakhs monthly) and incubation stage Yolo bus services.
- Marketing costs expected to normalize between 0.6%-0.9% of GBR.
- Overall, the company expects to sustain robust volume and revenue growth over the next 3-5 years.
See what Easy Trip Planners Ltd management said on margin guidance — free account, 30 seconds.
Fundraise plans
- The transcript from Easy Trip Planners Limited's Q2 FY2023 earnings call does not mention any current or planned fundraising activities through debt or equity.
- There is no discussion of new capital raising initiatives or intentions to issue equity or debt in the near future.
- The company highlights a healthy balance sheet, strong return ratios, consistent cash generation from operations, and a low-cost business model.
- Cash utilization is mentioned for ongoing projects, but no external fundraising is referenced to support these.
- Overall, based on the available transcript, there is no indication of current or planned fundraising through debt or equity.
See what Easy Trip Planners Ltd management said on order book — free account, 30 seconds.
Capex plans
Yes- Easy Trip Planners Limited is focusing on growth through both organic expansion and inorganic opportunities.
- The company is looking at new territories for expansion along with inorganic growth opportunities to create shareholder value.
- Investments in brand building and marketing, such as sponsorships of Asia Cup Cricket 2022 and Road Safety World Series, indicate strategic marketing investments.
- The company has set up subsidiaries in various countries (USA, UK, New Zealand, Philippines, Singapore, UAE) and corporate offices in Dubai and London to strengthen global presence.
- Acquisitions include YoloBus and Spree Hotels—Spree is profitable and expanding hotel inventory, while Yolo is in the incubation stage but expected to grow.
- Operations and technology remain India-based, leveraging cost advantages to support global expansion.
- No explicit disclosure of specific future capex amounts, but focus on building market presence and technology capabilities through strategic investments is clear.
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How does Easy Trip Planners Ltd rank vs peers in Leisure Services?
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What Easy Trip Planners Ltd's management said in earlier quarters
- Q1 FY27 earnings call analysis →
- Q4 FY25 earnings call analysis →
- Q1 FY26 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
- Q4 FY23 earnings call →
- Q3 FY23 earnings call →
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