Prashant Pitti's EaseMyTrip reports Rs 33.9 crore profit in Q1FY25

Online travel ticket booking platform EaseMyTrip, operated by Easy Trip Planners Ltd, has reported a strong financial comeback in the first quarter of the fiscal year 2025 (Q1 FY25).

The online travel booking platform posted a profit after tax (PAT) of Rs 33.93 crore, a 31% increase from the Rs 25.9 crore profit recorded in the same quarter of the previous fiscal year (Q1FY24). 

Revenue growth

EaseMyTrip's revenue from operations grew by 23.34% annually, reaching Rs 156.12 crore in Q1FY25, up from Rs 126.46 crore in Q1FY24.

The growth was fueled by the company's strong performance in the Middle Eastern market, particularly in Dubai.

Co-founder Prashant Pitti emphasized the potential of the Middle East market, stating, "The management is spending a good amount of time in Middle East operations, which is a huge market, still highly untapped."

Challenges and expenses

Despite the positive revenue growth, EaseMyTrip faced some challenges during the quarter. The company's total expenses rose by 19% to Rs 109.03 crore, up from Rs 91.56 crore in the previous fiscal year.

Notably, the company incurred a one-time expense of Rs 72.4 crore related to "advances to supplier written off" due to the closure of Go Airlines. The increase in expenses slightly offset the overall profit growth, but the company managed to maintain profitability.

Impact on non-air business segments

EaseMyTrip also reported significant growth in its non-air business segments, particularly in hotel bookings and holiday packages.

Gross booking revenue from these segments increased by 116.6% year-over-year, reaching Rs 210.7 crore in Q1 FY25.