Mumbai, February 07, 2023: EaseMyTrip.com, India’s one of the largest online travel tech platforms, announced its results today for the quarter and nine months ended 31st December 2022, reporting a Q3FY23 Gross Booking Revenue (GBR) of INR 2,267.0 Crores. Robust Gross Booking Revenue for EaseMyTrip is driven by a strong volume growth in the Flight and Hotels segment. The solid GBR growth points towards EaseMyTrip’s solid industry position and consecutive gain of the market share. The 9MFY23 Gross Booking Revenue stands at INR 5,907.8 Crores, which is 1.6x of its full-year FY22 Gross Booking Revenue of INR 3,715.6 Crores.
EaseMyTrip generated a strong top line growth as adjusted Revenue surged closer to INR 200 Crore quarterly run rate, standing at INR 196.2 Crores, for Q3 FY23, a growth of 29 percent YoY and 16 percent QoQ. Company’s Revenue from Operations for the quarter also grew significantly by 57.3 percent YoY
and25.5 percent QoQ.
Led by a healthy top-line growth and persistent focus on operational efficiency, EaseMyTrip’s EBITDA for Q3FY23 improves to INR 58.9 Crores as compared to INR 40.2 Crores in preceding quarter. During the quarter, the company continued to invest in in-house capabilities by scaling up its workforce to accelerate operations, and boost rapid growth. Profit After Tax (PAT) for the quarter too improved to INR 41.7 Crores from INR 28.2 Crores a quarter ago.
Q3FY23 Key Highlights
Q3FY23 Financial Highlights
• Air segment booking grew by 31.0% YoY
• Hotel nights booking reported a jump of 88.2% YoY
• Added ~4.3 Lac customers during the quarter bringing the aggregate number to 1.38 Crore • Company records a highest ever GBR of INR 2,267.0 Crores
• The Adjusted Revenue was at INR 196.2 Crores in Q3FY23 surging closer to INR 200 Crore
quarterly run rate
• PBT for the quarter stood at INR 57.3 Crores up 47.6% Q-o-Q • PAT for the quarter stood at INR 41.7 Crores up 47.8% Q-o-Q
9MFY23 Financial Highlights
• Air segment booking was up by 64.6% YoY
• Hotel nights booking grew by 121.2% YoY
• Gross Booking Revenue stood at INR 5,907.8 Crores for 9MFY23 which is 1.6x its full-year FY22
Gross Booking Revenue of INR 3,715.6 Crores.
• The Adjusted Revenue was at INR 496.8 Crores in 9MFY23, which was a 64.5% increase YoY as
compared to adjusted revenue of INR 301.9 Crores in the same period of previous fiscal • PBT for 9MFY23 stood at INR 140.5 Crores as against INR 111.1 Crores in the corresponding period, a 26.5% increase YoY
• PAT for 9MFY23 stood at INR 103.0 Crores as against INR 82.6 Crores in the corresponding
period, a 24.8% increase YoY
Key Consolidated Financial Highlights
Particulars (INR in Mn)
Q3FY23 Y-o-Y
Q-o-Q
9MFY23
9MFY22
Y-o-Y
Gross Booking Revenue (GBR)
Adjusted Revenue Profit Before Tax (PBT)
Profit After Tax (PAT) # Air Segments* (Nos)
Hotel Nights (Nos)
22,670.1 75.3%
1,961.6 29.0% 572.7 6.3%
416.9 4.2% 32,18,350 31.0%
95,875 88.2%
14.6%
16.0% 47.6%
47.8% 13.6%
23.0%
59,077.6
4,968.0 1,405.1
1,030.4 82,90,953
2,45,585
25,449.4
3,019.5 1,111.1
825.8 50,36,204
1,11,011
132.1%
64.5% 26.5%
24.8% 64.6%
121.2%
*Air segments net of cancellations
# Profit after Tax is excluding Other comprehensive income About EaseMyTrip:
EaseMyTrip (a public listed company at NSE and BSE) is India’s one of largest online travel platform in terms of air ticket bookings, based on the Crisil Report-Assessment of the OTA Industry in India, February 2021. Furthermore, growing at a CAGR of 78% during FY20-22 in profits, it is one of the fastest-growing internet companies. Bootstrapped and profitable since its inception, EaseMyTrip offers ‘End to End’ travel solutions including air tickets, hotels and holiday packages, rail & bus tickets as well as ancillary value- added services. EaseMyTrip offers its users the option of zero-convenience fees during bookings. EaseMyTrip provides its users with access to more than 400 international and domestic airlines, over 2+ million hotels as well as train/bus tickets and taxi rentals for major cities in India. Founded in 2008, EaseMyTrip has offices across various Indian cities, including Noida, Bengaluru, and Mumbai. Its international offices (as subsidiary companies) are in the Philippines, Singapore, Thailand, the UAE, the UK, the USA, New Zealand and London.
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Disclaimer:
This release contains statements that may contain “forward-looking statements” including, but without limitation, statements relating
the implementation of strategic initiatives, and other statements relating to Easy Trip Planners Ltd future business developments
economic performance. While these forward-looking statements indicate our assessment and future expectations concerning the
development of our business, several risks, uncertainties and other unknown factors could cause actual developments and results to
materially from our expectations. These factors include, but are not limited to, general market, macro-economic, governmental
regulatory trends, movements in currency exchange and interest rates, competitive pressures, technological developments,
changes in the
financial conditions of third parties dealing with us, legislative developments, and other key factors that could affect
our business and
financial performance. Easy Trip Planners Ltd undertake no obligation to publicly revise any forward-looking
statements to reflect future
likely events or circumstances.
