Bulk Deal: This financial major buys 11.5 lakhs shares of Easy Trip Planners Ltd - Check EasyMyTrip price apiece

Global financial services major Nomura Singapore has informed that it bought 11.5 lakh shares of travel services provider Easy Trip Planners. NSE bulk deal data showed that Nomura bought the stock at Rs 399 per share.

Shares of Easy Trip Planners were listed on NSE in March last year.

"We have witnessed strong recovery in demand across our segments and are optimistic of the demand scenario going forward on the back of the 'No Convenience Fee' strategy, deeper internet penetration and rising demand for air travel and hotels due to higher income levels and the reopening of the economy," EasyMyTrip had said in its investor presentation last week.

Recently, the online travel platform had announced Q1FY23 results with a profit jump by 125% to INR 33.7 crores as against a net profit of INR 14.9 crores in the corresponding quarter last year, as per an official statement.

Further, the Q1FY23 Gross Booking Revenue (GBR) stood at INR 1,663 crore, the statement added.

Q1FY23 Financial Highlights

- Gross Bookings Revenue (GBR) for Q1FY23 stood at INR 1,663.1 crore as compared to INR - 356.7 crore in Q1FY22 up by 366% YoY

- Adjusted revenue for Q1FY23 was INR 132 crore up by 169% YoY

- Air segment booking was up by 212%, and hotel nights booking grew by 409% and Trains, Buses and others registered a growth of 132 % in Q1FY23

- Profit after Tax for Q1FY23 stood at INR 33.7 crore as compared to INR 14.9 crore in Q1FY22, up by 125 % YoY

Earlier, Standard Chartered Bank had announced the launch of a co-branded credit card with EaseMyTrip. The ‘EaseMyTrip Standard Chartered Credit Card’ offers exclusive travel benefits with instant discounts and reward points to  cardmembers, as per offiicial statement.