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EaseMyTrip.com, one of India’s largest online travel technology platforms, announced its results for the quarter and financial year ended 31st March 2023. The company reported robust results, growing in both Q4FY23 and the full year FY23. The Gross Booking Revenue for FY23 grew by a tremendous 116.7% to INR 8,050.6 Crores, from FY22 Gross Booking Revenue of INR 3,715.6 Crores. This broad-based growth was a result of the company’s meticulous efforts to expand their reach and boost their brand presence and was aided by a pickup in all the segments of the company. Gross Booking Revenue for Q4FY23 was at INR 2,142.8 Crores, as compared to INR 1,170.7 Crores in Q4FY22, growing by 83.0% YoY.
Consequently, the Adjusted Revenue saw an impressive growth of 68.6% YoY in FY23, reaching INR 674.9 Crores, vis-à-vis INR 400.4 Crores in FY22. The Adjusted Revenue for Q4FY23 also recorded a robust growth of 81.0% YoY, from INR 98.4 Crores in FY22 to INR 178.1 Crores in FY23. EBITDA for FY23 stood at INR 191.3 Crores, growing by 30.2% YoY over FY22’s EBITDA of INR 146.9 Crores.
Profit after Tax (PAT) for FY23 was at INR 134.1 Crores, up 26.6% YoY, from INR 105.9 Crores in FY22, driven by better operating performance during the year. PAT for Q4FY23 stood at INR 31.1 Crores, as against INR 23.3 crores in the corresponding quarter, a growth of 33.1%.
FY23 Key Highlights
Q4FY23 Financial Highlights
- Air segment booking grew by 1.6 times
- Hotel nights booking reported a jump of 2.2 times for Q4FY23
- Gross Booking Revenue stood at INR 2,142.8 Crores in Q4FY23 as against INR 1,170.7 Crores in Q4FY22, an increase of 83.0% YoY.
- The Adjusted Revenue was at INR 178.1 Crores in Q4FY23 which was an 81.0% increase YoY as compared to adjusted revenue of INR 98.4 Crores in the same quarter of previous fiscal.
- PAT for the quarter stood at INR 31.1 Crores as against INR 23.3 Crores in the corresponding quarter, a 33.1% increase YoY.
FY23 Financial Highlights
- Air segment booking was up by 1.6 times
- Hotel nights booking grew by 2.2 times for FY23
- Gross Booking Revenue stood at INR 8,050.6 Crores for FY23 as against INR 3,715.6 Crores, an increase of 116.7% YoY.
- The Adjusted Revenue was at INR 674.9 Crores in FY23, which was an 68.6% increase YoY as compared to adjusted revenue of INR 400.4 Crores in the previous fiscal.
- PAT for FY23 stood at INR 134.1 Crores as against INR 105.9 Crores in the corresponding period, an 26.6% increase YoY.
Key Consolidated Financial Highlights
|
Particulars (INR in Mn) |
Q4FY23 |
Q4FY22 |
Y-o-Y |
FY23 |
FY22 |
Y-o-Y |
|
Gross Booking Revenue (GBR) |
21,428.0 |
11,706.6 |
83.0% |
80,505.6 |
37,155.9 |
116.7% |
|
Adjusted Revenue |
1,781.1 |
984.0 |
81.0% |
6,749.1 |
4,003.5 |
68.6% |
|
Profit Before Tax (PBT) |
444.3 |
324.6 |
36.9% |
1,849.4 |
1,435.7 |
28.8% |
|
Profit After Tax (PAT) |
310.6 |
233.4 |
33.1% |
1,341.0 |
1,059.2 |
26.6% |
|
PAT (% of GBR) |
1.4% |
2.0% |
-54 bps |
1.7% |
2.9% |
-118 bps |
|
PAT Margins (% of Adj. revenue) |
17.4% |
23.7% |
-628 bps |
19.9% |
26.5% |
-659 bps |
|
Air Segments* (Nos) |
32,04,765 |
20,49,196 |
56.4% |
1,14,95,718 |
70,85,400 |
62.2% |
|
Hotel Nights (Nos) |
1,01,365 |
45,679 |
121.9% |
3,46,950 |
1,56,690 |
121.4% |
