Easy Trip Planners Q3 Results: Net profit drops 26.3% to ₹33.6 crore, revenue falls 6.5% YoY; stock sheds over 5% | Stock Market News
Source: Live Mint
Easy Trip Planners Q3 Results: Easy Trip Planners announced its October-December quarter results for fiscal 2024-25 (Q3FY25) on Friday. February 14, reporting a drop of 26.3 per cent in net profit to ₹33.6 crore, compared to ₹45.6 crore in the corresponding period last year. The online travel tech platform’s revenue from operations in the third quarter of the current fiscal fell 6.5 per cent to ₹150.5 crore, compared to ₹161 crore in the year-ago period.
Sequentially, the net profit grew 30 per cent. On the operational front, the travel tech company’s earnings before interest, tax, depreciation, and amortization (EBITDA) during the December quarter fell by 22 per cent to ₹48 crore, compared to ₹61 crore in the same period last year. The margin dropped to 31.7 per cent compared to 38 per cent in the year-ago period.
Easy Trip Planners Q3 Results: Key Metrics
The travel company’s hotel night bookings were 2.5 lakhs, an increase of 172 per cent year-on-year (YoY), contributing 11.1 per cent to the gross bookings revenue. Bookings in the Train, Buses and Others segment rose 32 per cent YoY to 3.6 lakhs, contributing 2.1 per cent to the gross bookings revenue.
“The non-air business segments remained key growth drivers this quarter, reinforcing the effectiveness of our diversification strategy. The Hotels segment delivered a strong performance, with total hotel night bookings reaching 2.5 lakhs, reflecting a 172 per cent YoY increase,” said Nishant Pitti, Chairman of Easy Trip Planners.
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“This surge highlights a growing preference for online hotel bookings and the success of our efforts in expanding partnerships and enhancing customer offerings. Meanwhile, our Trains, Buses & Others segment maintained momentum, further expanding our presence beyond air travel,” said Pitti.
“Our strategic focus on diversified offerings and operational efficiencies remains central to driving long-term, profitable growth. With a sustained focus on expanding our market reach and strengthening our product portfolio, we remain committed to delivering consistent value to our stakeholders,” he added.
On Friday, shares of Easy Trip Planners opened at ₹12.37 and dropped over five per cent to hit an intra-day low of ₹11.73 before settling 2.61 per cent lower at ₹11.94 apiece on the BSE. As of February 14, the travel company commands a market capitalisation of ₹4,231.63 crore.
