EaseMyTrip Shares Boosted by Strategic Move into Medical Tourism

Tuesday, 17 September 2024, 01:12

EaseMyTrip share price reacts positively to the news of acquisitions in the medical tourism sector. The Easy Trip Planners company is expanding its portfolio with strategic investments aimed at enhancing its revenue streams and service offerings.
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EaseMyTrip Shares Boosted by Strategic Move into Medical Tourism

EaseMyTrip's Expansion into Medical Tourism

EaseMyTrip has recently embarked on a significant journey into medical tourism, announcing two key acquisitions totaling ₹90 crore. With a focus on enhancing its service offerings, Easy Trip Planners has acquired a 30% stake in Rollins International and a 49% stake in Pflege Home Healthcare Center. For Rollins, the acquisition will be executed through an equity share swap, while Pflege involves a combination of purchased shares and new subscriptions.

Financial Performance Highlights

  • Revenue Growth: The company's revenue saw a notable increase of 23.1% to ₹152.6 crore in the latest quarter.
  • EBITDA Figures: Earnings before interest, taxes, depreciation, and amortization rose 34.9% from ₹34.7 crore to ₹46.8 crore.
  • Profit Figures: Profit after tax climbed 30.9% to ₹33.9 crore, strengthening its financial position.

The share price of Easy Trip Planners, while slightly down by 0.21% to ₹42.11 as of September 17, has seen an overall gain of 8.28% in the past month.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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