Conference Call with Easy Trip Planners Management and Analysts on Q2FY24 Performance and Outlook. Listen to the full earnings transcript.
Internet Software & Services company Easy Trip Planners announced Q2FY24 & H1FY24 results: Q2FY24: Air segment bookings rose by 2.3% YoY to 29.0 Lacs Hotel nights bookings surged to 1,24,862, marking a 60.2% YoY increase Bookings in the Others segment increased by 98.5% YoY to 2,72,600 Gross Booking Revenue reached Rs 20,255.8 million, up 2.4% YoY from Rs 19,776.9 million EBITDA registered a 68.1% growth, at Rs 676.5 million PAT was Rs 471.8 million, up by 67.2% YoY H1FY24: Air segment bookings increased by 20.4% YoY to 61.1 Lacs Hotel nights bookings increased to 2.9 Lacs, marking a 90.5% YoY increase Bookings in the Trains, Buses & Others segment grew by 66.8% YoY to 5.0 Lacs Gross Booking Revenue was Rs 43,965.4 million, a 20.8% YoY increase from Rs 36,407.5 million EBITDA was Rs 1,051.5, registering a 22.7% growth YoY PAT amounted to Rs 732.0 million, reporting a 19.3% YoY growth Announcing the results, Nishant Pitti, Co-founder & CEO of Easy Trip Planners, commented, "I am delighted to report that our Q2FY24 Profit After Tax surged to Rs 471.8 million, a 67.2% increase compared to the same quarter in the previous year. With a similar trajectory, our H1FY24 Profit After Tax reached Rs 732.0 million, a substantial 19.3% growth YoY. Despite the lean period in the travel industry during Q2FY24, Easy Trip Planners delivered a strong performance where we recorded Gross Booking Revenue of Rs 20,255.8 million. Furthermore, Revenue from Operations rose to Rs 1,416.9 million, a robust 30.6% YoY growth and a 14.2% increase from the previous quarter." Result PDF