EaseMyTrip Stock and Easy Trip Planners Ventures into Medical Tourism

Tuesday, 17 September 2024, 01:12

EaseMyTrip share price is on the rise following Easy Trip Planners' announcement of two acquisitions in the medical tourism sector worth ₹90 crore. The company is making strategic moves to diversify its services beyond travel. With these acquisitions, EaseMyTrip aims to strengthen its foothold in the evolving market. Investors are optimistic about the future, as the company's latest financial performance shows substantial growth.
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EaseMyTrip Stock and Easy Trip Planners Ventures into Medical Tourism

Venturing into the medical tourism industry, Easy Trip Planners — the parent company of online travel services provider EaseMyTrip — has announced the acquisition of a 30% stake in Rollins International for ₹60 crore and a 49% stake in Pflege Home Healthcare Center for ₹30 crore.

For Rollins International, the company will pay via an equity share swap, issuing its fully paid-up equity shares on a preferential basis. For Pflege Home Healthcare Center, it purchased certain shares from selling shareholders for ₹20 crore and subscribed to new shares for an aggregate subscription of ₹10 crore.

Earlier this month, the company also revealed plans to enter EV manufacturing, with proposals for electric bus production pending necessary approvals from the ministry of corporate affairs.

In the June quarter, the company reported a revenue growth of 23.1% to ₹152.6 crore. Its EBITDA margin improved to 30.7% from 28%, while profit after tax increased by 30.9% to ₹33.9 crore.

As of September 17, shares of Easy Trip Planners were down 0.21% at ₹42.11, following an impressive 8.28% growth in the past month.


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