EaseMyTrip Q3 Results: Profit grows 4% YoY to Rs 42 crore; revenue up 58%

Online travel tech platform EaseMyTrip reported 4% year-on-year (YoY) growth in consolidated net profit at Rs 42 crore for the three months ended December 2022.

Revenue from operations, meanwhile, surged 58% to Rs 136 crore against Rs 86 crore in the same period last year.
The adjusted revenue came in at Rs 196 crore during the quarter under review.


EaseMyTrip’s EBITDA (earnings before interest, tax, depreciation, and amortisation) for the third quarter improved to Rs 59 crore, led by a healthy top-line growth and a persistent focus on operational efficiency.

The company has reported the highest-ever gross booking revenue (GBR) of Rs 2,267 crore for the third quarter, driven by strong volume growth in the flight and hotels segment.

Following the results announcement , the stock surged 4.85% at Rs 53 apiece on NSE.

"During the quarter, the company continued to invest in in-house capabilities by scaling up its workforce to accelerate operations, and boost rapid growth," the company said in a filing.

Segment-wise, Air booking business grew by 31% YoY, while hotel nights booking reported a jump of 88% YoY. The company added 4.3 lakh customers during the quarter bringing the aggregate number to 1.38 crore.

The sturdy growth in air and hotel bookings resulted from the strong seasonal push, and vigorous festive spending and was backed by a multitude of market strategies deployed across each segment.

EaseMyTrip said its focus on the expansion strategy has led to its Dubai subsidiary business thriving, after its inception in April 2022. The Dubai business reported solid growth and clocked a cumulative gross booking revenue of Rs 75 crore during the nine months period ended December 2022.

The quarterly gross booking revenue for the Dubai business increased to Rs 44 crore, from the previous quarter’s GBR of Rs 24 crore.

Further, the company said it signed an exclusive general sales agreement (GSA) with Go First airlines (erstwhile Go Air) to sell, promote, and market passenger tickets and other services in Saudi Arabia for at least three years.

The company will also be extending operations of Go First by opening an independent branded office and representing the airlines in Dammam & Riyadh, Saudi Arabia, and other locations.