Easy Trip Planners LtdQ2 FY23

Easy Trip Planners Ltd Q2 FY23 Earnings Call Analysis

Revenue, margin, capex, fundraise and order book outlook from management commentary.

Price: ₹5.76Market Cap: ₹2.4K CrSector: Leisure Services

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 analysis

Revenue 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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