Easy Trip Planners Ltd. Results

H1FY25 & Q2FY25 Result Announced for Easy Trip Planners Ltd.

Travel Support Services company Easy Trip Planners announced H1FY25 & Q2FY25 results Q2FY25 Financial Highlights: Gross Booking Revenue was Rs 20,756 million. Revenue from Operations stood at 1,447 million, up 2.1% Y-o-Y. GBR from hotel and packages reached 2,414 million, marking a 178.4% year-on-year growth. Hotel nights bookings were 2.2 lakh, growing 75.3% Y-o-Y. Bookings in the Train, Buses and Others segment rose by 3.3% to 2.8 lakh, contributing 2.0% to the GBR. EBITDA was Rs 423 million, a margin of 28.2%. PAT was at Rs 259 million, a margin of 17.3%. Dubai operations generated a GBR of Rs 1,725 million, reflecting a robust growth of 371.3% year-on-year. H1FY25 Financial Highlights: Gross Booking Revenue was Rs 43,501 million. Revenue from Operations stood at 2,973 Mn, up 11.9% Y-o-Y. GBR from hotel and packages reached 4,521 million, marking a 145.7% year-on-year growth. Hotel nights bookings were 4.0 lakh, an increase of 40.8% Y-o-Y. Bookings in the Train, Buses and Others segment rose by 18.5% to 5.9 lakh, contributing 1.9% to the GBR. EBITDA was Rs 929 million, a margin of 30.3%. PAT was at Rs 584 million, a margin of 19.1%. Company achieved strong cash flows from operations which stood at 58 Cr. Nishant Pitti, Co-founder and CEO of Easy Trip Planners, said: Our Q2 FY25 results reflect sustained growth across diversified segments. Gross Booking Revenue reached Rs 20,756 million, with Revenue from Operations up 2.1% year-over-year to Rs 1,447 million. The non-air business segments have been key drivers of growth this quarter, demonstrating our successful diversification strategy. The Hotels segment recorded exceptional performance with a GBR of Rs 2,414 million, marking a remarkable 178.4% year-on-year growth. This was fueled by a strong 75% increase in hotel night bookings to 2.2 lakh, reflecting heightened demand and effective market penetration. In this quarter too, the company achieved strong cash flows from operations which stood at 58Cr. Meanwhile, our Trains, Buses & Others segment saw steady traction, with a GBR of Rs 407 million—a 19.4% year-over-year increase— indicating the growing appeal of our comprehensive travel offerings beyond air travel. Our Dubai operations have also contributed significantly, achieving a GBR of Rs 1,725 million, a robust 371.3% growth year-over-year. This substantial international growth underscores our strategic commitment to expanding our footprint in high-potential markets. Together, these achievements highlight EaseMyTrip’s focus on driving long-term, profitable growth by tapping into diversified and international segments to deliver enduring value to our stakeholders.

Q1FY25 Quarterly Result Announced for Easy Trip Planners Ltd.

Travel Support Services company Easy Trip Planners announced Q1FY25 results: Q1FY25 Consolidated Revenue from Operations of Rs 1,526.0 million; up 23.0% YoY Q1FY25 EBITDA of Rs 505.9 million; up 34.9% YoY and margin of 32.4% Earnings per Share of Rs 0.19 Hotel nights bookings were 1.8 Lacs, an increase of 14.1% and contributing 9.3% to the GBR Bookings in the Train, Buses and Others segment rose by 36.9% to 3.1 Lacs, contributing 1.8% to the GBR Gross Booking Revenue was Rs 22,744.7 million PAT was at Rs 339.3 million, increased by 34.4% Announcing the results, Nishant Pitti, Co-founder and CEO of EaseMyTrip, commented: “EaseMyTrip sustained its bottom-line growth during the relevant period, continuing with steady operational momentum along with continued focus on profitability. During Q1 FY2025, the Gross Booking Revenue was Rs 22,745 million. Our Revenue from Operations grew by 23.0% YoY at Rs 1,526 million. EBITDA had a growth of 34.9%% as compared to Q1 in the previous financial year and was Rs 506 million. The PAT had a YoY increase of 24.8% and was at Rs 324.8 million. Gross Booking Revenue from Hotels and Holiday Packages increased by 116.6% year-over-year to Rs 210.7 crore. Subsequently, the company achieved a remarkable 139% year-on-year increase in revenue from its Dubai operations. Additionally, we have taken several key initiatives that highlight our ongoing efforts to enhance growth. We acquired a 4.94% stake in ETrav Tech Limited. This investment aims to diversify EaseMyTrip’s service portfolio and enhance its offerings for corporate clients. We were also the Official Travel and Experience Partner for the Rajasthan Royals for the 2024 season. This partnership allows us to leverage our expertise in travel bookings and hospitality services to ensure seamless travel for the team. As per the company’s expansion strategy, EaseMyTrip has opened its offline franchise store model and opened new stores in Karnal, Amritsar, and Bhopal. These additions bring the total number of franchise stores to 16, with a strategic goal of reaching 100 stores by the end of the year. EaseMyTrip’s collaboration with Adani Digital Labs (ADL) to offer exclusive duty-free shopping experience to ~2 million international passengers at seven major international airports in India through our platform was another major partnership we did this quarter. Lastly, we are honoured to have received the MICE Excellence Award at the Starz of India's Awards 2024. This recognition underscores our contributions in providing seamless business and exhibition travel solutions. These milestones highlight our steadfast commitment to fostering growth, driving innovation, and maintaining our service excellence.’’

Q4FY24 Quarterly & FY24 Annual Result Announced for Easy Trip Planners Ltd.

Travel Support Services company Easy Trip Planners announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Hotel nights bookings were 1.4 Lacs, an increase of 39% and contributing 12% to the segment revenue Bookings in the Train, Buses and Others segment rose by 53% to 2.7 Lacs, contributing 8% to the segment revenue Gross Booking Revenue was Rs 20,900 million EBITDA was Rs 577 million, a 24% increase PBT was at Rs 551 million, increased by 24% FY24 Financial Highlights: Hotel nights bookings were 5.2 Lacs, an increase of 49% and contributing 9% to the segment revenue Bookings in the Train, Buses and Others segment rose by 67% to 10.4 Lacs, contributing 9% to the segment revenue Gross Booking Revenue was Rs 85,126 million, an increase of 6% EBITDA was Rs 2,282 million, a growth of 19% PBT grew by 16% to Rs 2,151 million Announcing the results, Nishant Pitti, CEO and Co-founder of Easy Trip Planners, commented: “We are pleased to announce that during the quarter our Revenue from Operations was at Rs 1,640 million, a growth of 41% YoY. The EBITDA grew by 24% YoY at Rs 577 million and our PBT was Rs 550.7 million, increase of 24% YoY, demonstrating our commitment to profitability. Similarly, our FY24 Revenue from Operations grew by 32% at Rs 5,906 million. During FY2024, EBITDA was at Rs 2,282 million, had a YoY growth of 19% and our PBT grew by 16% YoY to Rs 2,151 million. The Gross Booking Revenue for Q4FY24 and FY24 stood at Rs 20,900 million and Rs 85,126 million, respectively. In Q4FY24, we acquired 50% stake in Jeewani Hospitality to develop a luxurious 150-room Radisson Blu hotel in Ayodhya, expanding our portfolio with high-quality hospitality offerings to 1.5 lacs daily visitors. We diversified our business and expanded our services to better serve our customers by launching a new subsidiary, EaseMyTrip Insurance Broker Private Limited, marking our entry into the Rs 7.9 Trillion insurance industry. This move allows us to address customer needs more comprehensively beyond travel. Additionally, we have been proactive in establishing partnerships with the government and institutions and have also expanded our offline domestic footprints through franchise stores.’’ These initiatives underpins our commitment to strengthening partnerships and enhancing customer satisfaction across the travel and financial services sectors. We look forward to continuing to serve our customers with excellence and expanding our offerings to meet evolving needs in the market.”

Q3FY24 Quarterly & 9MFY24 Result Announced for Easy Trip Planners Ltd.

Travel Support Services company Easy Trip Planners announced Q3FY24 & 9MFY24 results: Financial Performance: - Q3FY24 revenue increased to Rs 1,607.9 million, up 18.1% YoY. - EBITDA for Q3FY24 stood at Rs 653.7 million, marking a rise of 10.9% from the previous year. - Profit After Tax (PAT) for Q3FY24 grew by 9.5% YoY to Rs 456.6 million. - Gross Booking Revenue (GBR) for Q3FY24 was at Rs 20,260.7 million. - For 9MFY24, the Revenue from Operations was Rs 4,265.3 million, exhibiting growth of 28.4% YoY. - EBITDA for 9MFY24 reached Rs 1,705.2 million, a growth of 17.9% YoY. - PAT for 9MFY24 increased by 15.3% YoY to Rs 1,188.6 million. Operational Highlights: - Total number of air bookings in Q3FY24 was 22.6 lakhs, which is a decline of 29.7% compared to last year. - Hotel night bookings for Q3FY24 was at 91,915, showing a 4.1% decrease YoY. - Q3FY24 bookings in the 'Others' segment witnessed an 82.5% increase to 2.7 lakhs. - In 9MFY24, air ticket sales were 83.7 lakhs, marking a 1.0% increase. - Hotel nights bookings in 9MFY24 saw a significant increase of 53.5% to 3.8 lakhs. - The Trains, Buses, and Others segment grew by 72.0% to 7.7 lakhs in 9MFY24. Strategic Initiatives and Partnerships: - EaseMyTrip acquired approximately 13% stake in ECO Hotels and Resorts. - Signed an MOU with the Government of Uttarakhand for tourism promotion. - Introduced EasyDarshan for curated pilgrimage packages and launched "Explore Bharat" for showcasing India's heritage. - Launched an exclusive subscription program aimed at High Net-Worth Individuals (HNIs). Awards & Recognitions: - EaseMyTrip recognized as the Online Travel Marketplace of the Year (B2C) at ET Travel World Awards. Announcing the results, Nishant Pitti, Co-founder and CEO of Easy Trip Planners, commented: "We're pleased to announce that our Q3FY24 PAT reached Rs 456.6 million, a 9.5% YoY increase, demonstrating our commitment to profitability. Similarly, our 9MFY24 PAT grew by 15.0% YoY to Rs 1,188.6 million. GBR for Q3FY24 and 9MFY24 stood at Rs 20,260.7 million and Rs 64,226.0 million, respectively. In Q3FY24, we diversified our portfolio by acquiring a 13% stake in ECO Hotels and Resorts and signed an MOU with the Government of Uttarakhand. We also introduced EasyDarshan, offering hassle-free pilgrimage packages, and launched "Explore Bharat" to showcase India's rich heritage to international travellers. Furthermore, our exclusive subscription program, the EaseMyTrip Platinum, Gold, and Silver Cards, provides luxury travel experiences to HNIs. These initiatives underscore the company's continuous expansion of services, catering to niche customer segments. Additionally, I am pleased to share that ET Travel World Awards has recognized EaseMyTrip as the Online Travel Marketplace of the Year (B2C). Looking ahead, we're intensifying efforts to grow our air ticketing business and enhance our presence in non-air segments such as hotels, holidays, and transportation on a global scale. Also, we are expanding our retail footprints domestically and exploring both organic and inorganic growth opportunities. These initiatives are aligned with our ongoing commitment to driving continued growth, providing comprehensive travel solutions, and ensuring a seamless experience for our customers."