Online travel service provider Easy Trip Planners Ltd on Friday (February 14) reported a 26.3% year-on-year (YoY) decline in net profit for the third quarter ended December 31, 2024, to ₹45.6 crore from the same quarter in FY24.
Revenue from operations declined 6.5% to ₹150.5 crore as against ₹160.9 crore in the same period last fiscal.
At the operational level, EBITDA (earnings before interest, tax, depreciation and amortization) declined 21.8% YoY to ₹47.7 crore from ₹61 crore in Q3FY25, while EBITDA margin declined to 31.7% from 37.9% in the same quarter last fiscal.
For the nine months ended December 31, 2024, revenue from operations stood at ₹447.8 crore. EBITDA for the first nine months was ₹143.9 crore, with a margin of 31%, while profit after tax for the period reached ₹92 crore, maintaining a margin of 20%.
Gross booking revenue for 9MFY25 was ₹6,499 crore, supported by strong growth across key business segments. For Q3FY25, gross booking revenue stood at ₹2,148.9 crore.
During the December quarter, total hotel night bookings stood at 2.5 lakh, reflecting a growth of 172% year-on-year, while other bookings grew 32% to 3.6 lakh. EaseMyTrip’s Dubai operations have recorded significant growth, with gross booking revenue reaching ₹170.5 crore in Q3FY25, reflecting a growth of 227% from ₹52.2 crore in Q3FY24.
Nishant Pitti, Chairman, Easy Trip Planners, said, “Non-air business segments continued to be the key growth drivers in the quarter, reinforcing the effectiveness of our diversification strategy. The hotels segment performed strongly, with total hotel night bookings reaching 2.5 lakh, reflecting a growth of 172% year-on-year.”
The results came after the close of market hours. Shares of Easy Trip Planners Ltd. closed at ₹ 11.94, down by ₹ 0.32 or 2.61% on BSE.
