Online travel service provider Easy Trip Planners Ltd on Friday (February 14) reported a 26.3% year-on-year (YoY) drop in net profit at ₹33.6 crore for the third quarter that ended December 31, 2024, from ₹45.6 crore in the same quarter in FY24.
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Revenue from operations fell 6.5% to ₹150.5 crore against ₹160.9 crore in the corresponding period of the preceding fiscal.
At the operating level, EBITDA (earnings before interest, tax, depreciation, and amortisation) slid 21.8% YoY to ₹47.7 crore in Q3FY25 from ₹61 crore, while the EBITDA margin reduced to 31.7% from 37.9% in the same quarter last fiscal.
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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%.
The gross booking revenue for 9MFY25 was ₹6,499 crore, supported by strong growth across key business segments. For Q3FY25, the gross booking revenue was ₹2,148.9 crore.
During the December quarter, total hotel night bookings stood at 2.5 lakh, marking a 172% YoY increase, 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 227% increase from ₹52.2 crore in Q3FY24.
Nishant Pitti, Chairman of Easy Trip Planners, said, “The non-air business segments remained key growth drivers this quarter, reinforcing the effectiveness of our diversification strategy. The hotels segment delivered strong performance, with total hotel night bookings reaching 2.5 Lacs, reflecting a 172% year-over-year increase.”
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The results came after the close of the market hours. Shares of Easy Trip Planners Ltd ended at ₹11.94, down by ₹0.32, or 2.61%, on the BSE.
