EaseMyTrip’s Q3 net profit tanks 26.3 pc to Rs 33.6 crore, revenue drops. Company’s shares closed at Rs 12 on the NSE, down by Rs 0.24 or 1.96 per cent on Friday. The company is investing Rs 200 crore for research and development (R&D), product development, and establishing a manufacturing plant over the next 2-3 years. It is targeting the rapidly growing Indian electric bus market, which is projected to grow at a compound annual growth rate (CAGR) of 24 per cent from 2024 to 2030, the company informed in its Q2 earnings filing. The online travel agency reported a 45.2 per cent decline in its consolidated net profit on YoY in the second quarter of the fiscal year 2014-15. It has expanded its business portfolio by incorporating a new subsidiary, Easy Green Mobility, to venture into the electric bus manufacturing sector. In Q2, it reported a profit before interest, depreciation, and taxes (PBIDT) fell by 37.5 per cent YoY to Rs 42.3 crore in the quarter ended September.
