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

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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 traveltech 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.)





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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 traveltech 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.)





Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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