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 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) |
22,670.1
|
75.3%
|
14.6%
|
59,077.6
|
25,449.4
|
132.1%
|
| Adjusted Revenue |
1,961.6
|
29.0%
|
16.0%
|
4,968.0
|
3,019.5
|
64.5%
|
| Profit Before Tax (PBT) |
572.7
|
6.3%
|
47.6%
|
1,405.1
|
1,111.1
|
26.5%
|
| Profit After Tax (PAT) # |
416.9
|
4.2%
|
47.8%
|
1,030.4
|
825.8
|
24.8%
|
| Air Segments* (Nos) |
32,18,350
|
31.0%
|
13.6%
|
82,90,953
|
50,36,204
|
64.6%
|
| Hotel Nights (Nos) |
95,875
|
88.2%
|
23.0%
|
2,45,585
|
1,11,011
|
121.2%
|
