EaseMyTrip Q1 Results: Net profit rises 31% to Rs 33.93 crore

EaseMyTrip Q1 Results: Net profit rises 31% to Rs 33.93 crore

Travel booking platform EaseMyTrip Planners on Tuesday reported a 31 per cent rise in its consolidated profit after tax to Rs 33.93 crore in June 2024 quarter.

It had reported a profit after tax (PAT) of Rs 25.90 crore in the same quarter of last fiscal.

The company's total income increased to Rs 156.22 crore in the April-June period, from Rs 126.64 crore a year ago, a regulatory filing showed.

However, its total expenses also rose to Rs 109.03 crore during the quarter under review, as against Rs 91.56 crore in the corresponding period of the previous fiscal.

"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 2,274.5 crore. Our Revenue from Operations grew by 23 per cent Y-o-Y at Rs 152.6 crore. EBITDA had a growth of 34.9 per cent as compared to Q1 in the previous financial year and was Rs 50.6 crore," Nishant Pitti, Co-founder and CEO of EaseMyTrip, stated.