EaseMyTrip has reported its highest-ever EBITDA for the fiscal year 2024, reaching INR 2,282 million. The company’s robust financial performance underscores its steady momentum and solidifies its position as a profitable entity in the tech-driven travel industry.During the fourth quarter of FY24, EaseMyTrip witnessed a notable surge in Revenue from Operations, totaling INR 1,640 million, marking a significant 41% year-on-year increase. The EBITDA for Q4FY24 stood at INR 577 million, reflecting a commendable 24% growth compared to the same period last year. Furthermore, the company’s Profit Before Tax (PBT) for Q4FY24 reached INR 551 million, showcasing a Y-o-Y growth of 24%.
The non-air segment of EaseMyTrip experienced substantial growth in Q4FY24, with hotel night bookings surging by 39% to 1.4 Lacs, and other bookings increasing by 53% to 2.7 Lacs. For the entire fiscal year, the company’s hotel night bookings and other bookings witnessed remarkable growth rates of 49% and 67%, respectively.In addition to its stellar financial performance, EaseMyTrip embarked on strategic initiatives to expand its market presence and diversify its offerings. The company acquired a 50% stake in Jeewani Hospitality and partnered with the Radisson Hotel Group to develop a 150-room Radisson Blu Hotel in Ayodhya City, capitalizing on the significant visitor traffic to the recently established Ram Mandir.
Furthermore, EaseMyTrip launched a new subsidiary, EaseMyTrip Insurance Broker Private Limited, to tap into the lucrative INR 7.9 trillion insurance market. The company also strengthened its collaboration with the government, becoming the first travel partner for CSC e-Governance Services Limited and partnering with the Ministry of Rural Development to empower women’s self-help groups.The company’s dedication to innovation and excellence has been recognized with prestigious accolades, including the Online Travel Agent of the Year by the SATTE India Awards and the Versatile Excellence Travel Award (VETA) 2024 for the Best Online Travel Agency.
