EaseMyTrip posted INR 33.9 Cr net profit in Q1 FY24 as against INR 15 Cr net loss in Q4 FY24
Its bottom line improved despite operating revenue declining almost 7% to INR 152.6 Cr in Q1 FY25 from INR 164 Cr in Q4 FY24
In Q1 FY25, both revenue and profitability of the company have improved on a year-on-year basis
After incurring a loss of INR 15 Cr in the March quarter of the previous fiscal, traveltech major Easemytrip
is back in the black with a net profit of INR 33.9 Cr posted in the June quarter (Q1) of the financial year 2024-25 (FY25).
EaseMyTrip’s bottom line improved despite its operating revenue declining almost 7% to INR 152.6 Cr in the reported quarter from INR 164 Cr in the preceding March quarter (Q4) of FY24.
It is pertinent to note that the online travel aggregator posted a loss in Q1 FY24 due to a one-time expense of INR 72.4 Cr which consisted of “advances to supplier written off” and trade receivables that were written off. Excluding these write-offs, its profit stood at INR 39.1 Cr.
Meanwhile, in Q1 FY25 both revenue and profitability of the company have improved on a year-on-year (YoY) basis. While EaseMyTrip’s operating revenue zoomed 23% from INR 124 Cr posted in Q1 FY24, its net profit jumped almost 31% YoY from INR 25.9 Cr.
(This is a developing story)
