EaseMyTrip has announced its highest-ever EBITDA figures for the fiscal year 2024, hitting an impressive INR 2,282 million. This milestone solidifies EaseMyTrip’s standing as a profitable leader in the tech-driven travel industry.Throughout the fourth quarter of FY24, EaseMyTrip demonstrated exceptional growth, with Revenue from Operations reaching INR 1,640 million, marking a notable 41% year-on-year increase. The company’s EBITDA for Q4FY24 surged to INR 577 million, representing a commendable 24% growth compared to the same period last year. Moreover, the Profit Before Tax (PBT) for Q4FY24 soared to INR 551 million, showcasing a robust 24% year-on-year growth.
A significant driver of this growth was the non-air segment, which witnessed impressive surges in hotel night bookings (up by 39% to 1.4 Lacs) and other bookings (increasing by 53% to 2.7 Lacs) during Q4FY24. For the entire fiscal year, EaseMyTrip reported staggering growth rates of 49% and 67% for hotel night bookings and other bookings, respectively.In addition to its stellar financial performance, EaseMyTrip embarked on strategic initiatives to expand its market presence and diversify its offerings. Notably, the company acquired a 50% stake in Jeewani Hospitality and partnered with the Radisson Hotel Group to develop a luxurious 150-room Radisson Blu Hotel in Ayodhya City, capitalizing on the significant visitor traffic to the recently established Ram Mandir.
Furthermore, EaseMyTrip launched a new subsidiary, EaseMyTrip Insurance Broker Private Limited, to tap into the lucrative INR 7.9 trillion insurance market. The company also strengthened its collaboration with the government, becoming the first travel partner for CSC e-Governance Services Limited and partnering with the Ministry of Rural Development to empower women’s self-help groups.EaseMyTrip’s dedication to innovation and excellence has been duly recognized, as evidenced by prestigious accolades such as the Online Travel Agent of the Year by the SATTE India Awards and the Versatile Excellence Travel Award (VETA) 2024 for the Best Online Travel Agency.
