Online travel aggregator (OTA) platform EaseMyTrip announced its financial results on Friday for the third quarter of FY25. The results show a marginal decrease in scale and profit year-on-year.
EaseMyTrip’s operating revenue decreased by 6.3% to Rs 150 crore in Q3 FY25 from Rs160 crore in Q3 FY 24, as per its unaudited consolidated financial statements filed with the National Stock Exchange (NSE).
Revenue from air ticketing accounted for 65% of the revenue whereas hotel packages formed 22% of the total collection.
To the tune of scale, its total expense increased by 2.4% to Rs 107 crore in Q3 FY25 from Rs 105 crore in Q4 FY24. Service cost, payment gateway, employee benefit and advertisement costs were other major overheads for EaseMyTrip during the last quarter.
EaseMyTrip’s profit reduced by 25% to Rs 34 crore in Q3 FY25 from Rs 45.6 crore in Q3 FY24. The Delhi-based company spent Rs to earn a rupee in Q3FY25.
EaseMyTrip closed today’s trading session at Rs 12, reflecting a 1.96% decrease in its share price. Its total market capitalization stood at Rs 4,252 crore.