EaseMyTrip Declares a 50% Dividend For The Second Time After Going Public

Easy Trip Planner, which also goes by the name EaseMyTrip, has declared a 50 percent interim dividend, or Rs 1 per equity share with a face value of Rs 2, for the fiscal year 2022, which ends in March next year. Easy Trip Planners Ltd., founded in 2008, is a Small Cap business in the Services sector with a market capitalization of Rs 5,578.92 crore.

The overall payout of the interim dividend is 10.86 crore, according to the firm.

The dividend on equity shares will be credited to members who are listed as beneficial owners of equity shares in the depositories' records as of November 22. On or before December 10, 2021, the interim dividend will be paid.

EaseMyTrip stated in a stock exchange notification on Tuesday that its consolidated net profit for the September quarter increased by almost 300 percent year on year to Rs 27.13 crore, owing to increasing sales of airline tickets and hotel bookings during the period.

The business, which went public on the BSE/NSE in March 2021, recorded consolidated sales of Rs 59.78 crore for the quarter ending on September 30, up from Rs 22.29 crore in the previous year's same period.

Since its initial public offering in March, EaseMyTrip has declared two dividends. The corporation declared an interim dividend of 100%, or Rs 2 per share, for fiscal 2020-21 in April.