Venturing into the medical tourism industry, Easy Trip Planners — the parent company of online travel services provider EaseMyTrip — said its board has approved the acquisition of 30% stake in Rollins International for ₹60 crore and 49% stake in Pflege Home Healthcare Center for ₹30 crore.

For Rollins International, the company said it will pay the subscription amount by equity share swap, which means it will issue its own fully paid-up equity shares on a preferential basis.

For Pflege Home Halthcare Center, the company said it has purchased certain shares from the selling shareholders for ₹20 crore and has subscribed to new shares for an aggregate subscription of ₹10 crore on an equity share swap basis.

Earlier this month, the company announced plans to foray into EV manufacturing as well. Its board approved the proposal to incorporate a wholly-owned subsidiary to manufacture electric buses. The same is subject to necessary approvals from the ministry of corporate affairs.

Last month, the company’s co-founder Prashant Pitti told CNBC-TV18 that the company plans to keep prioritising profit growth, with a stronger focus on expanding into non-air travel services and international markets.

The company’s revenue grew 23.1% to ₹152.6 crore in the June quarter, compared to the previous year’s ₹124 crore. Its earnings before interest, taxes, depreciation, and amortisation (EBITDA) witnessed a 34.9% increase from ₹34.7 crore to ₹46.8 crore in the June quarter. The EBITDA margin improved to 30.7% from 28%. Its profit after tax also increased by 30.9% to ₹33.9 crore, from the previous year’s ₹25.9 crore.

Shares of Easy Trip Planners were down 0.21% at ₹42.11 apiece at 1.19 pm on Tuesday, September 17. The stock has gained 8.28% in the past month.

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