Earnings | EaseMyTrip Ltd (NSE:EASEMYTRIP): Q3FY23 Results Out; Total Income rise 55% YoY

EaseMyTrip Ltd (NSE:EASEMYTRIP) is an Indian online travel company that provides a range of travel-related services including flight and hotel bookings, tour packages, and bus tickets. It was founded in 2008 and is headquartered in Delhi. The company operates through its website and mobile app and has a strong presence in the Tier-II and Tier-III cities of India.

Easy Trip Planners Ltd, recently announced its Q3 FY23 results for the quarter ended December 2022. The company reported a net profit of INR 40 crore, an 84% increase from the same period last year when it had a net profit of INR 22 crore. The Gross Bookings Revenue for Q3FY22 grew by 65% YoY and stood at INR 1,293 crore as compared to INR 783 crore in Q3FY21. The company witnessed a 49% growth in air segment bookings and a 144% growth in hotel nights bookings for Q3FY22. The revenue break-up of the company was 92.3% B2C and 7.7% B2B.

The company continued to gain market share across different businesses with increased margins and commissions. The company’s total income for the 9-month period ended December 31, 2022, was INR 343.4 crore, an increase from INR 184.3 crore for the same period last year. The net profit for the 9-month period ended December 31, 2022, was INR 103.0 crore compared to INR 82.5 crore for the same period last year. The company’s EPS for the 9-month period ended December 31, 2022, was INR 0.59 compared to INR 0.48 for the same period last year. The total income for the period ended December 31, 2022, was INR 139.8 crore compared to INR 89.79 crore for the same period last year. The net profit for the period ended December 31, 2022, was INR 41.7 crore compared to INR 40.03 crore for the same period last year. The company’s EPS for the period ended December 31, 2022, was INR 0.24 compared to INR 0.23 for the same period last year.