Easy trip planners announced 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. Offering an array of travel services such as Flight, Hotel, Holidays, Buses, Cabs and more. EaseMyTrip enable customers to efficiently search, plan and procure travel-related services, both within India and internationally.
Q4 FY24 vs Q4 FY23 Performance Highlights
• Hotel nights bookings were 1.4 Lacs, an increase of 39 per cent and contributing 12 per cent to the segment revenue
• Bookings in the Train, Buses and Others segment rose by 53 per cent to 2.7 Lacs, contributing 8 per cent to the segment revenue
• Gross Booking Revenue was INR 20,900 million
• EBITDA was INR 577 million, a 24 per cent increase
• PBT was at INR 551 million, increased by 24 per cent
FY24 vs FY23 Performance Highlights
• Hotel nights bookings were 5.2 Lacs, an increase of 49 per cent and contributing 9 per cent to the segment revenue
• Bookings in the Train, Buses and Others segment rose by 67 per cent to 10.4 Lacs, contributing 9 per cent to the segment revenue
• Gross Booking Revenue was INR 85,126 million, an increase of 6 per cent
• EBITDA was INR 2,282 million, a growth of 19 per cent
• PBT grew by 16 per cent to INR 2,151 million
The Gurugram-based company had filed its initial IPO papers in February, with a proposal comprising an issue of fresh shares worth INR 120 crore and an offer for sale (OFS) of 66.67 million shares by its existing shareholders. The selling shareholders included Elevation Capital (earlier Saif Partners), Peak XV Partners, and founders Aloke Bajpai and Rajnish Kumar, as per the draft red herring prospectus (DRHP).
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 per cent Y-o-Y. The EBITDA grew by 24 per cent Y-o-Y at INR 577 million and our PBT was INR 550.7 million, increase of 24 per cent Y-o-Y, demonstrating our commitment to profitability. Similarly, our FY24 Revenue from Operations grew by 32 per cent at INR 5,906 million. During FY2024, EBITDA was at INR 2,282 million, had a Y-o-Y growth of 19 per cent and our PBT grew by 16 per cent Y-o-Y to INR 2,151 million. The Gross Booking Revenue for Q4FY24 and FY24 stood at INR 20,900 million and INR 85,126 million, respectively.In Q4FY24, we acquired 50 per cent 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.”
