EaseMyTrip.com, a leading online travel platform in India, reported a PAT increase of 9.5% for Q3FY24, to INR 45.7 Cr bolstering Continued Robust Financial Performance. Company 18.1% YoY increase in Q3FY24, with a revenue of INR 1,607.9 million. EBITDA reached INR 653.7 million, a 10.9% YoY increase, and a Profit After Tax of INR 456.6 million.
The company’s Gross Booking Revenue (GBR) for Q3FY24 is INR 20,260.7 million. Following a successful quarter, EaseMyTrip acquired a stake of around 13% in ECO Hotels and Resorts, diversifying its portfolio beyond online travel services.
For 9MFY24, the company’s Revenue from Operations was INR 4,265.3 million, a 28.4% YoY growth. EBITDA stood at INR 1,705.2 million, a 17.9% YoY growth, and the reported Profit After Tax was INR 1,188.6 million, a 15.3% YoY growth. The company recorded a GBR of INR 64,226.0 million, further strengthening its market position. The total number of air bookings (net of cancellations) in Q3FY24 reached 22.6 Lacs, with hotel night bookings and other bookings at 91,915 and 2.7 Lacs, respectively. For 9MFY24, air ticket sales (net of cancellations) were 83.7 Lacs.
