EaseMyTrip.com, one of India’s leading online travel technology platforms, announced its results today for the quarter ended 30thJune 2023. Company’s customer-centric approach and lean business model drive robust growth, achieving remarkable quarter results. The company recorded its highest-ever quarterly GBR in Q1FY24, which stood at INR 2,371.0 Crores, reporting a remarkable42.6% growth, from the corresponding quarter’s GBR of INR 1,663.1 Crores.
The company experienced a 46.9% YoY increase in Adjusted Revenues, reaching INR 193.2 Crores in Q1FY24. Adjusted Revenues as a percentage of GBR were 8.2%, up from 7.9% in Q1FY23. The company maintained profitability with an EBITDA of INR 37.5 Crores, an EBITDA Margin of 29.6%, and a Profit after Tax (PAT) of INR 25.9 Crores, with a 20.5% PAT Margin.
Air segment bookings increased by 1.4 times YoY, while hotel nights bookings increased by 2.2 times YoY. Others segment bookings also grew by 1.4 times YoY. Gross booking revenue reached INR 2,371.0 Crores in Q1FY24, a 42.6% YoY increase. Adjusted revenue reached INR 193.2 Crores, a 46.9% YoY increase from the previous fiscal. PAT for Q1FY24 was INR 25.9 Crores.
