Easy Trip Planners Has announced a 100 percent interim dividend for FY 2021. This news has come at a time when the entire tour and travel industry is struggling with Corona and the outlook of this industry seems to be blurred amid the restrictions being imposed in different states.
The travel agency, which was listed on the market on March 19, has said in the information given to the BSE on April 19 that the company’s board has approved 100 fesi interim dividend for the financial year 2021. A record date has been set for this dividend on 28 April. The dividend will be paid on or before 18 May 2021 dispatch.
Questions are arising about this announcement of the company, how the company sees possibilities for the future. Corona cases are increasing steadily. In such cases, companies often insist on keeping cash with them for emergencies. But the management of Easy Trip Planners is confident about their business outlook. That is why it has decided to pay 100 per cent dividend despite the challenges posed by the second wave of Corona.
Nishant Pitti, the company’s CEO and co-founder, said that even when the industry was troubled by Corona’s hit, we made a profit.
Our bookings grew by 70 per cent year-on-year in the third quarter of FY 2021. The announcement of 100 per cent interim davidand makes clear the company’s commitment to make its share holders a partner in its profits.
He further said that we believe that our business model is very strong and sustainable in the online travel agency business. We have proved by our performance that we also grow and profit with growth.
The announcement of 100 percent dividend by the company has not surprised the market giants. Because most market analysts are confident about the company’s ability and its growth.
The stock was listed on the NSE at Rs 212.25 on March 19, which was Rs 25 more than its issue price of Rs 187. At the same time, the stock was listed at Rs 206 with a 10 per cent premium on the BSE. The stock has seen a decline since then. The stock gained over 3 per cent in today’s morning trading, but soon the gain vanished and ended flat at around Rs 172 at the end of trading.
For social media updates, we need Facebook (https://www.facebook.com/moneycontrolhindi/) and Twitter (.).