EaseMyTrip.com has announced its financial results for the third quarter of the fiscal year 2023-24, showcasing robust growth and strategic expansion initiatives. The company reported a Profit After Tax (PAT) of INR 456.6 million for Q3FY24, marking a notable 9.5% increase compared to the same period last year. The Q3FY24 performance highlights include a 18.1% year-on-year increase in revenue, reaching INR 1,607.9 million, and an EBITDA of INR 653.7 million, up by 10.9% year-on-year. The Gross Booking Revenue (GBR) for the quarter stood at INR 20,260.7 million.
In addition to its financial achievements, EaseMyTrip demonstrated its commitment to diversification and sustainability by acquiring a stake of approximately 13% in ECO Hotels and Resorts, expanding its portfolio beyond online travel services. Furthermore, the company signed a significant Memorandum of Understanding (MOU) with the Government of Uttarakhand, aiming to enhance the state’s global tourism appeal through joint marketing campaigns targeting key international markets. The quarter also saw the introduction of innovative initiatives such as EasyDarshan, offering curated pilgrimage packages across India, and “Explore Bharat – Discover the Soul of India,” targeting overseas travelers to showcase the nation’s rich heritage and culture.
EaseMyTrip’s focus on customer-centric offerings was evident with the launch of the EaseMyTrip Platinum, Gold, and Silver Cards, providing luxury travel experiences to High-Net-Worth Individuals (HNIs). Additionally, the company strengthened its collaboration efforts by partnering with Vi to extend exclusive propositions related to travel and international roaming. Commenting on the performance, Nishant Pitti, Co-founder and CEO of EaseMyTrip, expressed satisfaction with the company’s profitability and strategic initiatives. He emphasized the commitment to driving continued growth, expanding services, and ensuring a seamless experience for customers.
