Easy Trip Planners Limited — Updates, 14-11-2024: Press Release

EaseMyTrip has reported a robust performance for Q2 FY25, achieving Gross Booking Revenue (GBR) of INR 20,756 million, reflecting strong growth across multiple segments. Revenue from Operations reached INR 1,447 million, a 2.1% increase year-on-year, while EBITDA stood at INR 423 million with a margin of 28.2%. Notably, the hotel segment saw exceptional GBR growth of 178.4%, totaling INR 2,414 million, with hotel night bookings rising by 75.3%. Internationally, Dubai operations contributed significantly, generating INR 1,725 million in GBR, a staggering 371.3% increase year-on-year.

The company is also focusing on diversification, with new initiatives like the establishment of Easy Green Mobility, targeting the electric bus market, and the launch of ScanMyTrip.com, India's first travel marketplace on the ONDC Network. Partnerships with PhonePe and new franchise openings in Ahmedabad are enhancing market reach. With a strong emphasis on sustainable tourism and innovative travel solutions, EaseMyTrip is well-positioned for continued growth and innovation in the industry. Investors should watch closely as the company expands its footprint and diversifies its offerings.