Easy Trip Planners Ltd

- Easy Trip Planners Limited is entering the electric bus manufacturing business through its subsidiary YoloBus. - Initially faced challenges in procuring electric buses from suppliers, leading to plans to assemble and manufacture electric buses in-house. - After announcing this plan, the company started receiving external orders for electric buses. - Detailed analysis revealed a strong market opportunity, prompting plans to set up a manufacturing unit within the next couple of years. - Exact capacity or orderbook figures for electric buses are not disclosed yet, as the business is still a work in progress. - The company is also exploring opportunities to supply electric buses to government agencies and private companies facing shortages. - No specific numbers available on current pending/electric bus orderbook.

- Easy Trip Planners Limited plans to invest in electric vehicle (EV) bus manufacturing. - Capex for EV manufacturing will be funded partly from EaseMyTrip's free cash reserves (~INR 312 crores) and largely through loans from various banks and other investors. - The hotel business in Ayodhya does not require significant capex from the company as it is an equity deal with a partner providing capital. - No specific mention of equity fundraising or new share issuance in this call. - Future acquisitions are possible but details remain confidential and will be disclosed when decided.

- Easy Trip Planners Limited plans capex for electric vehicle (EV) manufacturing, specifically assembling and manufacturing electric buses through their subsidiary YoloBus. - The EV manufacturing capex will be funded partly from EaseMyTrip’s free cash reserves (~INR 312 crore) and mostly through loans from banks and other investors. - The electric bus manufacturing capacity and detailed capex figures are still under progress and not disclosed. - The hotel business in Ayodhya is an equity partnership requiring minimal capex from the company, as the capital is provided by a partner. - The company has made three acquisitions of smaller subsidiaries recently, which have increased expenses but are expected to contribute to profitability as they scale. - No specific timelines or amounts for the electric bus capex or other strategic investments were fully detailed, indicating ongoing developments.

- The company remains optimistic about robust growth across its wider service regions (Page 12). - Expansion in Non-Air business segments, especially Hotels and Holiday Packages, shows strong traction with 178% YoY growth in Q2 FY2025 (Page 3). - Dubai operations are growing well, supporting international expansion plans (Page 3). - Electric bus manufacturing via subsidiary YoloBus is an emerging opportunity anticipated to contribute in the next couple of years, though exact revenue impact is uncertain (Pages 10-11). - Historical trends indicate better performance in Q3 and Q4 quarters due to travel seasonality (Page 7). - Focus continues on sustainable growth with cost controls and marketing discipline; marketing expenses expected to decrease, potentially improving profitability going forward (Page 9). - Ticketing business will remain the major contributor for the next two years, with new segments like EV manufacturing expected to grow but not immediately sizable (Page 7).

- The company anticipates returning to average historical margins in coming quarters. - PAT decline this quarter is mainly due to one-offs like higher marketing expenses and costs from newly acquired subsidiaries that are still scaling. - Marketing expenses are expected to decrease in future quarters, which should support profitability recovery. - The electric vehicle (EV) manufacturing business and hotel ventures are in early stages; their revenue/profit contribution is currently uncertain but considered promising long-term growth opportunities. - Ticketing business remains the main revenue driver for the next 2 years, though diversification efforts may increase non-air business share. - International operations, especially in Dubai, are beginning to break even and expected to scale profitably. - Management maintains a positive outlook with ongoing cost controls, operational enhancements, and growth in international and non-air segments supporting sustainable long-term growth.