Travel booking platform Easy Trip Planners Ltd, the parent company of EaseMyTrip, has swung back to profitability in the first quarter of FY25 with a profit after tax (PAT) of Rs 33.92 crore compared to a loss of Rs 15 crore in Q4 FY24.
In Q1 FY25, the traveltech company’s revenue from operations grew 23.34% annually to Rs 156.12 crore compared to Rs 126.46 crore in the same period last year (Q1 FY24). It also saw a 19% rise in total expenses at Rs 109.03 crore from Rs 91.56 crore in the previous year.
Notably, EaseMyTrip reported a one-time expense of Rs 72.4 crore, consisting of “advances to supplier written off” related to the now-defunct Go Airlines.
The company’s profit before the impact of the GoAir write-off jumped to Rs 33.92 crore, up 31% from Rs 25.9 crore in Q1 FY24.
(The copy will be updated with more details.)
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