Companies

EaseMyTrip Q4 net profit drops 23 per cent

BL New Delhi Bureau | | Updated on: May 26, 2022

For FY23, the consolidated net profit stood at ₹106 crore, up 72% y-o-y

EaseMyTrip, the country’s second largest online travel firm, reported an over 23 per cent drop in net profit for the quarter ending March 31, 2022, to ₹23 crore; as against the ₹30 crore it had reported in the year-ago-period.

The gross booking revenue for the quarter under review stood at ₹1,171 crore, up nearly 30 per cent; versus the ₹908 crore it reported in the corresponding period last year.

Air segment booking grew 13 per cent, y-o-y, to 20.5 lakh.

The company’s adjusted revenue for the quarter stood at ₹99 crore, with a 1 per cent-odd dip y-o-y .

For the full fiscal, the consolidated net profit stood at ₹106 crore, up by over 72 per cent as against the ₹61 crore it had reported in the year-ago-period. Gross booking revenue was up 75 per cent, y-oy, to ₹3,716 crore; while the adjusted revenue was up over 100 per cent to ₹400 crore.

Published on May 26, 2022
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