Easy Trip Initiates Stock-Split, 3:1 Bonus Record Date On Nov. 22, Share Up 20% In Trade

The share price of Easy Trip closed at Rs. 57.30, up by 20% in trade today on NSE, ahead of its record date for 3:1 Bonus, which will be tomorrow, November 22, 2022. The company's stock-split date was today. The company's quarterly Revenue from Operations for Q2FY23 stood at Rs. 108.5 Crores, registering a significant increase of 92% year on year, along with generating its highest ever Quarterly Gross Booking.

The company achieved its highest-ever Gross Booking Revenue in this quarter, with a significant increase on both a corresponding and sequential basis. Despite being a seasonally dull quarter, the company continued to deliver robust growth, with Gross Booking Revenue (GBR) increasing 121% year-on-year in Q2FY23 and 191% year-on-year in H1FY23. The GBR has increased to Rs. 1,977.7 Crores from Rs. 895.1 Crores in Q2FY22. GBR for H1 FY23 at Rs. 3,641 Crores almost equalled GBR of Rs. 3,716 Crores for the entire previous year, the board informed. Additionally, EaseMyTrip Travel Utsav festive sale saw its ever-highest gross sales as we crossed Rs. 555 Crores in the sale period October 6, 2022 to October 23, 2022.

Earlier, the company had informed the stock exchanges, "This is to inform you that pursuant to Regulation 42 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, the Company has fixed Tuesday, November 22, 2022 as the Record Date, for the purpose of ascertaining the eligibility of shareholders entitled for the following matters subject to the shareholders' approval to be obtained through postal ballot on Thursday, November 10, 2022. Sub-division/Split of each existing equity share of face value of Rs. 2/- (Rupees Two only) into 2 equity shares of face value of Rs. 1/- (Rupee One Only) fully paid- up. 2. Issue of Bonus Equity Shares of the Company in the proportion of (Three) Equity Share of Rs 1/- each for every (One) existing Equity Share of Rs. 1/- each."

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