Profit surges 30% as diversification strategy pays off, ET TravelWorld

EaseMyTrip.com, one of India’s leading online travel tech platforms, has announced impressive financial results for the third quarter of FY25, showcasing sustained growth across key business segments. The company reported a Revenue from Operations of INR 1,506 million, with EBITDA reaching INR 510.4 million, reflecting a 33.2 per cent margin and a 21 per cent quarter-on-quarter (Q-o-Q) growth. Profit After Tax (PAT) stood at INR 336.4 million, marking a 30 per cent Q-o-Q increase and a 21.9 per cent margin.

Key highlights of Q3 FY25 performance:
– Gross Booking Revenue (GBR): INR 21,489 million, driven by strong performance in hotel bookings and non-air segments.
– Hotel Nights Bookings: 2.5 lakhs, a 172 per cent year-on-year (Y-o-Y) increase, contributing 11.1 per cent to GBR.
– Train, Buses, and Other Bookings: 3.6 lakhs, a 32 per cent Y-o-Y growth, contributing 2.1 per cent to GBR.
– Dubai Operations: GBR surged to INR 1,705 million, a 227 per cent Y-o-Y increase, highlighting the company’s successful international expansion.

For the nine months ending December 31, 2024, EaseMyTrip achieved a Revenue from Operations of INR 4,478 million, with EBITDA at INR 1,439 million (31.3 per cent margin) and PAT at INR 920 million (20 per cent margin). The Gross Booking Revenue for 9MFY25 stood at INR 64,990 million, underscoring the company’s consistent growth trajectory.

Strategic initiatives driving growth
The company has undertaken several strategic initiatives to diversify its offerings and enhance customer experience:
1. Partnered with BNZ Green to introduce real-time carbon footprint tracking and a blockchain-based carbon offset program, enabling travellers to purchase carbon credits and promote sustainable travel.
2. Acquired Planet Education Australia to tap into the growing educational tourism market, targeting the 1.3 million Indian students expected to study abroad in 2025.
3. Accelerated its franchise model, opening new stores in Raipur, Srikalahasti, Bengaluru, Jabalpur, Bhubaneswar, and Hyderabad, with a target of 100 locations by FY25.
4. Launched EMT Desk, a corporate travel management platform offering real-time tracking, expense management, and CO2 emission tracking.
5. Partnerships and Integrations: Integrated a dedicated travel booking section within OLX India’s platform, reaching 35 million monthly users. Commenting on the results, Nishant Pitti, Chairman, Easy Trip Planners, said, “Our Q3 FY25 performance reflects sustained growth across key segments, driven by our diversification strategy and operational efficiencies. The Hotels segment saw a 172 per cent Y-o-Y increase in bookings, while our Trains, Buses & Others segment grew by 32 per cent. Our focus on expanding market reach and strengthening our product portfolio remains central to delivering long-term value to stakeholders.”

With initiatives like the carbon offset program, study tourism expansion, and enhanced corporate travel solutions, the company is poised to capitalize on emerging trends in the travel industry.