EaseMyTrip reports 15% decline in revenue to Rs 139.5 crore in Q4FY25

Indian traveltech platform EaseMyTrip has ended the financial year with a focus on long-term international expansion and product diversification, even as its core domestic air travel business showed signs of slowing.

For the fourth quarter of FY25, the company reported a gross booking revenue (GBR) of Rs 2,192.7 crore. However, revenue from operations declined 15% year-over-year to Rs 139.5 crore, down from Rs 164 crore a year earlier, as per its financial filings with the National Stock Exchange (NSE). 

Profit before tax rose to Rs 12 crore in Q4FY25 from a loss of Rs 17 crore in the same period last year, although total expenses grew 12% to Rs 131 crore. Across the full fiscal year, EaseMyTrip maintained steady operating revenue at Rs 587.3 crore, roughly unchanged from Rs 590 crore in FY24.

But its EBITDA margin expanded significantly—from Rs 114 crore to Rs 161.2 crore, representing a margin of 26.7%. Total Comprehensive Income for the year reached Rs 117.1 crore. While air ticketing remained the largest revenue contributor at 68%, the segment fell 28% year-over-year in Q4 FY25 to Rs 94 crore.

The shortfall was partially offset by growth in hotels and alternate travel services, which now comprise a more meaningful share of the platform’s bookings. The hotel segment, backed by strategic marketing, recorded 2.8 lakh hotel night bookings in Q4, a 101% increase year-on-year, and contributed 15.5% to the quarter’s total GBR.

The trains, buses, and other verticals together rose 32% year-on-year to 3.8 lakh bookings in the same period.

International operations provided a significant tailwind. EaseMyTrip’s Dubai business reported a 266% jump in gross booking revenue to Rs 231.7 crore in Q4. For the full fiscal year, the Dubai unit posted Rs 701.4 crore in bookings—more than triple the previous year. The company continued to expand overseas, establishing wholly owned subsidiaries in Brazil and Saudi Arabia, while increasing investments in its UAE and U.S. entities.

EaseMyTrip also appointed co-founder Rikant Pittie as CEO, effective January 1, 2025. Pittie was named Chairman of the Confederation of Indian Industry (CII) Delhi State for 2025–26, marking the first time a unicorn founder has taken the post.

Offline and niche expansions continued. The company opened its 25th franchise outlet in Mangalore, part of its push into Tier-2 and Tier-3 cities. It also launched EasyVijay, a new battlefield tourism product, and scaled up its spiritual tourism vertical EasyDarshan in partnership with the Ayodhya Development Authority. The new verticals aim to tap into segments underserved by mainstream OTAs.

EaseMyTrip further entered India’s sustainable transport space by winning Madhya Pradesh’s first electric intercity bus tender through subsidiaries YoloBus and Easy Green Mobility, signaling its diversification beyond travel booking into transport infrastructure.

To boost outbound travel, EaseMyTrip signed memorandums of understanding with tourism boards from Penang, South Korea, New Zealand, and Sabah. These collaborations, focused on Tier-2 and Tier-3 Indian cities, include joint marketing campaigns, dedicated microsites, and curated travel content.

Despite muted revenue growth in its core air ticketing business, the company’s bets on international expansion, experiential travel, and non-air services signal a deliberate pivot to a more diversified travel platform.

"As we conclude FY25, we remain focused on driving profitable growth by scaling differentiated verticals such as EasyVijay and EasyDarshan, while continuing to strengthen our presence across key domestic and international markets. With growing momentum in hotels, rising contribution from non-air segments, and deeper global and offline expansion, we are well-positioned to capture emerging travel demand, enhance customer engagement, and deliver long-term value for all stakeholders," said Nishant Pitti, Chairman & Founder of Easy Trip Planners.