Easy Trip Q3 Results | Net profit, margin decline despite 172% rise in hotel bookings – CNBC TV18

On-line journey service supplier Easy Trip Planners Ltd on Friday (February 14) reported a 26.3% yr-on-yr (YoY) drop in web revenue at ₹33.6 crore for the third quarter that ended December 31, 2024, from ₹45.6 crore in the identical quarter in FY24.

Income from operations fell 6.5% to ₹150.5 crore in opposition to ₹160.9 crore in the corresponding interval of the previous fiscal.

On the working stage, EBITDA (earnings earlier than curiosity, tax, depreciation, and amortisation) slid 21.8% YoY to ₹47.7 crore in Q3FY25 from ₹61 crore, whereas the EBITDA margin diminished to 31.7% from 37.9% in the identical quarter final fiscal.

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For the 9 months ended December 31, 2024, income from operations stood at ₹447.8 crore. EBITDA for the primary 9 months was ₹143.9 crore, with a margin of 31%, whereas revenue after tax for the interval reached ₹92 crore, sustaining a margin of 20%.

The gross reserving income for 9MFY25 was ₹6,499 crore, supported by sturdy progress throughout key enterprise segments. For Q3FY25, the gross reserving income was ₹2,148.9 crore.

Through the December quarter, complete hotel night time bookings stood at 2.5 lakh, marking a 172% YoY improve, whereas different bookings grew 32% to three.6 lakh. EaseMyTrip’s Dubai operations have recorded important progress, with gross reserving income reaching ₹170.5 crore in Q3FY25, reflecting a 227% improve from ₹52.2 crore in Q3FY24.

Nishant Pitti, Chairman of Easy Trip Planners, mentioned, “The non-air enterprise segments remained key progress drivers this quarter, reinforcing the effectiveness of our diversification technique. The lodges phase delivered sturdy efficiency, with complete hotel night time bookings reaching 2.5 Lacs, reflecting a 172% yr-over-yr improve.”

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The outcomes got here after the shut of the market hours. Shares of Easy Trip Planners Ltd ended at ₹11.94, down by ₹0.32, or 2.61%, on the BSE.