Shares of Straightforward Journey Planners, which listed on Dalal Avenue final yr at Rs 212.25 on NSE in March final yr, ended the day 3.8 per cent decrease at Rs 393.50.
The smallcap inventory which hit a 52-week low of Rs 261 in March this yr has rallied round 47 per cent on a year-to-date foundation.
In its June quarter consequence, the travel-tech startup reported a 125 per cent rise within the internet revenue to Rs 33.7 crore as in comparison with a internet revenue of Rs 14.9 crore in the identical quarter the earlier yr.
The earnings for the web flight and lodge providers supplier, which operates beneath the model identify of EaseMyTrip, have been supported by a robust demand restoration within the world journey section.
“Now we have witnessed robust restoration in demand throughout our segments and are optimistic of the demand state of affairs going ahead on the again of the ‘No Comfort Charge’ technique, deeper web penetration and rising demand for air journey and inns attributable to greater earnings ranges and the reopening of the financial system,” Straightforward Journey had stated in its investor presentation final week.