EaseMyTrip Q3: Profit Rises Nearly 10% YoY To INR 45.6 Cr But Declines Sequentially

EaseMyTrip Q3: Profit Rises Nearly 10% YoY To INR 45.6 Cr But Declines Sequentially

SUMMARY

The traveltech startup’s net profit declined 2.7% from INR 46.9 Cr reported in Q2 FY24

Operating revenue rose 18.1% YoY to INR 160.7 Cr in Q3 FY24

Gross booking revenue declined 10.6% YoY to INR 2,026 Cr during the quarter under review as air segment bookings declined a whopping 29.7%

easemytrip reported a 9.6% increase in consolidated net profit to INR 45.6 Cr in the quarter ended December 2023 from INR 41.6 Cr in Q3 FY23. 

However, profit declined 2.7% from INR 46.9 Cr reported in the September quarter of 2023.

Operating revenue rose 18.1% to INR 160.7 Cr during the quarter under review from INR 136.1 Cr in the corresponding quarter last year. On a quarter-on-quarter basis, revenue from operations increased 13.5% from INR 141.6 Cr.

The travel tech startup’s gross booking revenue declined 10.6% YoY to INR 2,026 Cr during the quarter under review as air segment bookings declined a whopping 29.7% to 22.6 Lakh during the quarter under review.

Shares of the company ended today’s trading session 3.07% lower at INR 50.84 on the BSE after the announcement of Q3 results.

(The story will be updated soon.)

You have reached your limit of free stories
Become An Inc42 Plus Member

Become a Startup Insider in 2024 with Inc42 Plus. Join our exclusive community of 10,000+ founders, investors & operators and stay ahead in India’s startup & business economy.

2 YEAR PLAN
₹19999
₹7999
₹333/Month
Unlock 60% OFF
Cancel Anytime
1 YEAR PLAN
₹9999
₹4999
₹416/Month
Unlock 50% OFF
Cancel Anytime
Already A Member?
Discover Startups & Business Models

Unleash your potential by exploring unlimited articles, trackers, and playbooks. Identify the hottest startup deals, supercharge your innovation projects, and stay updated with expert curation.

EaseMyTrip Q3: Profit Rises Nearly 10% YoY To INR 45.6 Cr But Declines Sequentially-Inc42 Media
How-To’s on Starting & Scaling Up

Empower yourself with comprehensive playbooks, expert analysis, and invaluable insights. Learn to validate ideas, acquire customers, secure funding, and navigate the journey to startup success.

EaseMyTrip Q3: Profit Rises Nearly 10% YoY To INR 45.6 Cr But Declines Sequentially-Inc42 Media
Identify Trends & New Markets

Access 75+ in-depth reports on frontier industries. Gain exclusive market intelligence, understand market landscapes, and decode emerging trends to make informed decisions.

EaseMyTrip Q3: Profit Rises Nearly 10% YoY To INR 45.6 Cr But Declines Sequentially-Inc42 Media
Track & Decode the Investment Landscape

Stay ahead with startup and funding trackers. Analyse investment strategies, profile successful investors, and keep track of upcoming funds, accelerators, and more.

EaseMyTrip Q3: Profit Rises Nearly 10% YoY To INR 45.6 Cr But Declines Sequentially-Inc42 Media
EaseMyTrip Q3: Profit Rises Nearly 10% YoY To INR 45.6 Cr But Declines Sequentially-Inc42 Media
You’re in Good company