EaseMyTrip.com, one of India’s leading online travel technology platforms, announced its results for the quarter ended 30thJune 2023. The company experienced a remarkable Q1FY24 quarter, with its customer-centric approach and lean business model driving robust growth. It achieved its highest-ever quarterly GBR of INR 2,371.0 Crores, representing 42.6% growth from the previous quarter’s GBR of INR 1,663.1 Crores.
Adjusted Revenues reached INR 193.2 Crores in Q1FY24, up 46.9% YoY, and adjusted revenues as a percentage of GBR were 8.2% compared to 7.9% in Q1FY23. The company reported an EBITDA of INR 37.5 Crores in Q1FY24, with an EBITDA Margin of 29.6%. Profit after Tax (PAT) was INR 25.9 Crores, with a 20.5% PAT Margin.
Air segment bookings increased by 1.4 times YoY, while hotel nights bookings increased by 2.2 times YoY. Others segment bookings also grew by 1.4 times YoY. Gross booking revenue reached INR 2,371.0 Crores in Q1FY24, a 42.6% YoY increase. Adjusted revenue reached INR 193.2 Crores, a 46.9% YoY increase from the previous fiscal. PAT for Q1FY24 was INR 25.9 Crores.
