Nishant Pitti
Easy Trip Planners has reported its Q4 and FY24 financial results, showcasing impressive growth and record-breaking achievements. The company, renowned for its extensive travel booking services, caters to the needs of approximately 26 million customers both domestically and internationally.
FY24 Financial Highlights:
- EBITDA: INR 2,282 million, up 19% YoY with a margin of 37%
- Consolidated Revenue from Operations: INR 5,906 million, a 32% YoY increase
- Earnings per Share: Restated to INR 0.89
Q4 FY24 vs. Q4 FY23 Performance Highlights:
- Hotel nights bookings: 1.4 Lacs, a 39% increase, contributing 12% to segment revenue
- Train, Buses, and Others bookings: 2.7 Lacs, a 53% increase, contributing 8% to segment revenue
- Gross Booking Revenue: INR 20,900 million
- EBITDA: INR 577 million, up 24%
- PBT: INR 551 million, up 24%
FY24 vs. FY23 Performance Highlights:
- Hotel nights bookings: 5.2 Lacs, a 49% increase, contributing 9% to segment revenue
- Train, Buses, and Others bookings: 10.4 Lacs, a 67% increase, contributing 9% to segment revenue
- Gross Booking Revenue: INR 85,126 million, up 6%
- EBITDA: INR 2,282 million, up 19%
- PBT: INR 2,151 million, up 16%
Nishant Pitti, CEO and Co-founder of Easy Trip Planners, commented:
“We are delighted to announce our robust financial performance for FY24. Our Revenue from Operations for Q4 stood at INR 1,640 million, marking a 41% YoY growth. Our EBITDA for the quarter grew by 24% YoY to INR 577 million, and PBT increased by 24% YoY to INR 551 million. For the full year, our Revenue from Operations rose by 32% to INR 5,906 million. Our EBITDA for FY24 was INR 2,282 million, a 19% YoY increase, and our PBT grew by 16% to INR 2,151 million.”
Strategic Developments:
- Jeewani Hospitality Acquisition: Acquired a 50% stake to develop a 150-room Radisson Blu hotel in Ayodhya, catering to 1.5 lakh daily visitors.
- New Subsidiary Launch: Introduced EaseMyTrip Insurance Broker Private Limited, entering the INR 7.9 trillion insurance industry to broaden service offerings beyond travel.
- Partnerships and Expansion: Strengthened partnerships with government and institutions, and expanded offline presence through franchise stores.
“These initiatives underscore our commitment to enhancing customer satisfaction and expanding our service offerings. We remain dedicated to serving our customers with excellence and meeting the evolving needs of the market,” added Nishant Pitti.
