Easy Trip Planners Ltd. which operates under the brand EaseMyTrip.com reported fourth quarter net profit grew 26% to ₹39.1 crore as compared with ₹31 crore in the year ago period.
Revenue from operations during the quarter grew 41% to ₹164 crore from ₹116.5 crore in the year ago period.
For FY24 the company reported 17.6% growth in net profit at ₹157.6 crore over the previous year. Revenue from operations increased 31.6% to a₹590.5 crore over the previous year.
Nishant Pitti, CEO and Co-founder of Easy Trip
Planners said “In Q4FY24, we acquired 50% stake in Jeewani Hospitality to develop a luxurious 150-room Radisson
Blu hotel in Ayodhya, expanding our portfolio with high-quality hospitality offerings to 1.5 lacs daily visitors. We diversified our business and expanded our services to better serve our customers by launching a new subsidiary, EaseMyTrip Insurance Broker Private Limited, marking our entry into the insurance industry.”
“This move allows us to address customer needs more comprehensively beyond travel. Additionally, we have been proactive in establishing partnerships with the government and institutions and have also expanded our offline domestic footprints through
franchise stores,” he said.
‘’These initiatives underpins our commitment to strengthening partnerships and enhancing customer satisfaction across the travel and financial services sectors. We look forward to continuing to serve our customers with excellence and expanding our offerings to meet evolving needs in the market,” he added.