EaseMyTrip Q2 NP up 4-fold

Online travel firm EaseMyTrip has reported an over four-fold jump in consolidated net profit at Rs 27.12 crore for the quarter ended September as compared to

Consolidated total income stood at Rs 59.78 crore for the quarter under consideration. It was Rs 22.29 crore for the same period a year ago.

Editorial comments : The scrip with a book value of Rs. 15.22 , after the announcement of the Q2 results, closed at Rs 507.50 on BSE, up 5 per cent over previous close.The promoters of the company are holding 74.90% stake in the company and FIIs and DIIs have very minor holdings.The scrip has declined to Rs. 507 from 52 week high of Rs. 717. The travel sector in India is showing strong revival since last 2 months and the scrip has potential to show small rise along with the sector revival.However the scrip which is at very high valuation is not suggested as long term investments.