EaseMyTrip posts Highest-Ever EBITDA, FY24 EBITDA at INR 2282 million.
EaseMyTrip posts its Q4 and FY24 results. The company presents an extensive spectrum of travel booking services, adeptly meeting the demands of ~26 Million customers domestically and internationally.
Q4 FY24 vs Q4 FY23 Performance Highlights:
- Hotel nights bookings were 1.4 lacs, an increase of 39% and contributing 12% to the segment revenue
- Bookings in the Train, Buses and Others segment rose by 53% to 2.7 Lacs, contributing 8% to the segment revenue.
- Gross Booking Revenue was INR 20,900 million
- EBITDA was INR 577 million, a 24% increase
- PBT was at INR 551 million, increased by 24%
FY24 vs FY23 Performance Highlights
- Hotel nights bookings were 5.2 Lacs, an increase of 49% and contributing 9% to the segment revenue.
- Bookings in the Train, Buses and Others segment rose by 67% to 10.4 Lacs, contributing 9% to the segment revenue.
- Gross Booking Revenue was INR 85,126 million, an increase of 6%.
- EBITDA was INR 2,282 million, a growth of 19%.
- PBT grew by 16% to INR 2,151 million
Announcing the results, Nishant Pitti, CEO and Co-founder of Easy Trip Planners, commented:“We are pleased to announce that during the quarter our Revenue from Operations was at INR 1,640 million, a growth of 41% Y-o-Y. In Q4FY24, we acquired 50% stake in Jeewani Hospitality to develop a luxurious 150-room Radisson Blu hotel in Ayodhya, expanding our portfolio with high-quality hospitality offerings to 1.5 lacs daily visitors. We diversified our business and expanded our services to better serve our customers by launching a new subsidiary, EaseMyTrip Insurance Broker Private Limited, marking our entry into the INR 7.9 Trillion insurance industry. This move allows us to address customer needs more comprehensively beyond travel.”
“Additionally, we have been proactive in establishing partnerships with the government and institutions and have also expanded our offline domestic footprints through franchise stores. These initiatives underpins our commitment to strengthening partnerships and enhancing customer satisfaction across the travel and financial services sectors. We look forward to continuing to serve our customers with excellence and expanding our offerings to meet evolving needs in the market.”
