EaseMyTrip has set a new benchmark by reporting its highest-ever EBITDA figures for the fiscal year 2024, soaring to INR 2,282 million. This financial feat underscores the company’s unwavering commitment to profitability and innovation in the competitive travel industry. During Q4FY24, EaseMyTrip witnessed remarkable growth across key metrics, with Revenue from Operations surging to INR 1,640 million, marking a substantial 41% year-on-year increase. Bolstering this impressive performance was the surge in EBITDA, reaching INR 577 million, reflecting a robust 24% growth compared to the same period last year.
The company’s Profit Before Tax (PBT) for Q4FY24 also witnessed a commendable uptick, reaching INR 551 million, showcasing a solid 24% year-on-year growth. A pivotal driver of this success was the stellar performance of EaseMyTrip’s non-air segment, witnessing significant growth in hotel night bookings (up by 39% to 1.4 Lacs) and other bookings (increasing by 53% to 2.7 Lacs) during Q4FY24. Notably, for the entire fiscal year, the company reported staggering growth rates of 49% and 67% for hotel night bookings and other bookings, respectively.
In addition to its financial triumphs, EaseMyTrip embarked on strategic initiatives to expand its market presence and diversify its service offerings. The company acquired a 50% stake in Jeewani Hospitality and forged a partnership with the Radisson Hotel Group to develop a luxurious 150-room Radisson Blu Hotel in Ayodhya City, strategically positioned to cater to the substantial influx of visitors to the recently established Ram Mandir.Furthermore, EaseMyTrip ventured into the lucrative insurance sector with the launch of EaseMyTrip Insurance Broker Private Limited, aiming to address evolving customer needs beyond travel. 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.
