EaseMyTrip Q3 results: Net profit rises 9.5% to ₹45.7 crore; EBITDA increased to ₹65.4 crore


EaseMyTrip Q3 results: Online travel services provider EaseMyTrip on Friday reported a 9.5% rise in its net profit. Rs 45.7 crore in Q3 FY24 It was Rs 41.2 crore in the year-ago period.

Its net consolidated revenue grew 18.1% year-on-year Rs 160.8 crore in the quarter ending December 136 crore in Q3 FY23. Its EBITDA increased During the quarter under review it stood at Rs 65.3 crore.

Shares of the company registered as Easy Trip Planners closed 3.07% lower on Friday 50.84 per share.

During the quarter under review, EaseMyTrip acquired a stake of about 13% in ECO Hotels & Resorts, diversifying its portfolio beyond online travel services. Recently the company has also signed a Memorandum of Understanding (MoU) during the Global Investors Summit in London. The MOU also includes joint marketing campaigns targeting key destinations such as UK/Europe, Middle East, Asia and USA/Canada to promote Uttarakhand tourism.

EaseMyTrip Q3: Segment-wise performance

Talking about its segment wise performance, air segment bookings declined by 29.7% to 22.6 lakh. Hotel nightly bookings declined 4.1% to 91,915 during the quarter under review. In other segments, EaseMyTrip bookings grew by 82.5% to 2,70,980, contributing 1.9% to GBR. However, the online platform's gross booking revenue declined by 10.6% 2,026.0.7 crores.

“In 3QFY24, we diversified our portfolio by acquiring 13% stake in ECO Hotels & Resorts and signed an MoU with the Government of Uttarakhand. We also introduced EasyDarshan, offering hassle-free pilgrimage packages , and launched “Explore India” to showcase India's rich heritage to international travelers. Our exclusive membership programme, EasyMyTrip Platinum, Gold and Silver Cards, is available to HNIs,” said Nishant Pitti, Co-Founder and CEO, Easy Trip Planners. Offers luxury travel experience.



Here's a detailed 3-minute summary of everything Finance Minister Nirmala Sitharaman said in her budget speech: Click to download!

Leave a Comment

“The Untold Story: Yung Miami’s Response to Jimmy Butler’s Advances During an NBA Playoff Game” “Unveiling the Secrets: 15 Astonishing Facts About the PGA Championship”