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Profit After Tax (PAT) for the quarter stood at Rs 28.2 crore as against Rs 27.1 crore in the corresponding quarter
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EaseMyTrip has posted Quarterly Gross Booking Revenue (GBR) of Rs 1,977.7 crore in Q2 FY23, it highest-ever in any quarter.
The GBR in Q2 essentially means that the company is nearing its last year’s GBR in just two quarters.
EaseMyTrip’s revenue from operation too touched the highest level of Rs 100 crore, supporting its impressive growth story as one of the fastest-growing OTA players in India. Q2FY23 Revenue from Operations was Rs 108.5 crore compared to Rs 56.7 crore in the corresponding quarter of the previous fiscal, a growth of 91.5 per cent YoY. Company’s Adjusted Revenue rose to Rs 169.1 crore, increasing 68 per cent YoY.
As EaseMyTrip continues to invest in its brand, the company has incurred a one-time marketing expense of about Rs 13 crore towards sponsoring Asia Cup 2022 and others marketing spent increased from Rs 10 crore to Rs 30 crore, which have been adjusted in this quarter, which slowed the PAT growth YoY.
EaseMyTrip’s Q2 FY23 Air segment bookings jumped by 1.5 times year-on-year (YoY) and Hotel night bookings increased by 1.7 times YoY.
In a statement, the company said, “Our retail office in Dubai saw an exceptional growth in this quarter, reaching a cumulative GMV of Rs 30.9 crore since April 2022 and has been consistently increasing every month from April 2022 – September 2022.”
This quarter marks yet another period of sustained profitable growth for EaseMyTrip. Profit After Tax (PAT) for the quarter stood at Rs 28.2 crore as against Rs 27.1 crore in the corresponding quarter.