let me answer few of the things.
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margin expanded: Easemytrip other income was the major reason. this was the money they didn’t refund for 2 years to customer of canceled booking which customer forgot to claim. shady practise.
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MMT revenue came down because Hotel is pretty big in mmt. MMT did 4 Crore room nights booking in 2020 Fy before covid hit. Easemytrip does peanuts. entire easemytrip revenue is nothing but flights.
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they claim their major business is b2c which is not true. check for their payment gateway expenses as a gross sales. it is in the range of .6, it is .9-1.1 for MMT at 5X more gross sales. low PG cost reflect b2B business being heavy
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trade receviables: this business doesn’t have much in terms of trade receiveables barring some commission from amadeus/ GDS providers
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advance to supplier is GO air money and at time paid to spice jet to get special fare…as special fare vanished, so did high margins…
starting q3 this year, this company wont grow even 10% in net profit… expect more promoter selling:) abhi to party shuru hui hai
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