Profit statements

Easemy Trip third-quarter profit soars 83.8%

The company had posted an after-tax profit of Rs 22 crore in the same period last year, the company said in a statement.

On Sunday, online travel platform Easemy Trip reported an 83.8% increase in consolidated profit after tax to Rs 40.42 crore in the third quarter ended December 31, 2021.

The company had posted an after-tax profit of Rs 22 crore in the same period last year, the company said in a statement.

Gross Booking Revenue (GBR) during the reporting period was Rs 1,293 crore compared to Rs 783 crore in the prior year quarter, up 65%, a- he added.

Air segment bookings increased 49% and hotel room bookings increased 144% in the quarter.

Commenting on the performance, Easemy Trip co-founder Prashant Pitti said that despite the challenges posed by the second and third waves of the pandemic, the company continued to show robust growth in one of the toughest periods. more disruptive to the travel and tourism industry.

“This has been possible due to increased operational efficiency and our lean operating cost working model,” he added.

Regarding the outlook, Pitti said: “We are now extremely optimistic about the strong pent-up demand in the travel industry.” He added, “We will continue to strengthen on all fronts and are confident that our continued focus on financial and operational efficiency will also help us achieve sustainable business growth in the coming quarters.”

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