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HomeTechOnline travel platform EaseMyTrip announces 50% dividend, its second since listing

Online travel platform EaseMyTrip announces 50% dividend, its second since listing


New Delhi: Online travel platform on Thursday declared an interim dividend of Re. 1 (50%) per equity share of the face value of Rs 2 each for the fiscal 2021-22.


The company said that the total payout of the interim dividend is Rs 10.86 crore.

This is the second dividend EaseMyTrip has announced since its listing in March. In April, the company announced an interim dividend of 100% or Rs 2 per share for the fiscal 2020-21.

“The dividend on equity shares will be credited to the members as per the records of the depositories as beneficial owners of the shares as on the record date of Monday, November 22, 2021. The interim dividend will be paid on or before December 10, 2021,” the company said in a statement.

The company last week announced a more than four-fold jump in net profit to Rs 27.1 crore for the quarter ended September 30. It had reported a net profit of Rs 6.3 crore in the corresponding period of the previous fiscal.

Its Q2FY22 gross booking revenue (GBR) stood at Rs 895.1 crore as compared to Rs 339 crore in Q2FY21, up by 164% year-on-year. It was Rs 357 crore in Q1FY22, up 151% quarter-on-quarter.

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“EaseMyTrip has a uniquely sustainable and profitable model and our results have consistently demonstrated this all the time. Even in this fiscal, we witnessed phenomenal growth across all segments in the first half of FY22. It also reflects a strong recovery of India’s travel sector, which was severely impacted by the pandemic,” Nishant Pitti, CEO and cofounder of EaseMyTrip said in a statement.



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