EaseMyTrip has shattered records and expanded horizons in FY24. With its highest-ever EBITDA reaching an astounding INR 2,282 million, EaseMyTrip has not only showcased remarkable financial prowess but has also embarked on a journey of innovation and strategic expansion.The fourth quarter of FY24 witnessed a meteoric rise in key metrics, with Revenue from Operations surging by 41% year-on-year to INR 1,640 million.
The company’s EBITDA saw a commendable 24% growth, reaching INR 577 million, while the Profit Before Tax soared to INR 551 million, marking a significant 24% increase compared to the previous year.Fueling this growth story is EaseMyTrip’s non-air segment, which witnessed phenomenal expansion in hotel night bookings (up by 39% to 1.4 Lacs) and other bookings (increasing by 53% to 2.7 Lacs) during Q4FY24. This surge continued throughout the fiscal year, with hotel night bookings and other bookings recording staggering growth rates of 49% and 67%, respectively.
But EaseMyTrip’s success goes beyond financial numbers. The company’s strategic initiatives have reshaped the travel landscape, with groundbreaking partnerships and ventures. By acquiring a 50% stake in Jeewani Hospitality and collaborating with the Radisson Hotel Group to develop a luxurious Radisson Blu Hotel in Ayodhya City, EaseMyTrip has redefined hospitality. Moreover, the company’s foray into the insurance sector with EaseMyTrip Insurance Broker Private Limited signifies its commitment to holistic customer service. Strengthening ties with the government, empowering women’s self-help groups, and fostering innovation in corporate travel solutions further highlight EaseMyTrip’s multifaceted approach to growth.
