Q1 2025 Easy Trip Planners Ltd Earnings Call Transcript
Key Points
- Easy Trip Planners Ltd (BOM:543272) reported a 34.9% increase in EBITDA, reaching INR 50.6 crores for Q1 FY25.
- Revenue from operations grew by 23% year-on-year, totaling INR 152.6 crores.
- The company achieved a 116% year-on-year increase in gross booking revenue for hotels and holiday packages, amounting to INR 210 crores.
- Dubai operations saw a remarkable 139.2% year-on-year increase in gross booking revenue, reaching INR 126.7 crores.
- Strategic partnerships with Google Wallet and Adani Digital Lab aim to enhance customer experience and offer seamless services.
- Revenue from the Air segment decreased from INR 111 crores to INR 107 crores year-on-year.
- The company faces competitive pressures from airlines offering lower pricing on direct channels.
- There is a noted decrease in the take rates for the Air segment, impacting revenue.
- Marketing expenses are expected to vary between 0.7% to 1.1% of gross booking revenue, which could impact profitability.
- The company is planning a capital raise of INR 2,000 crores, which may dilute existing shareholders' equity.
Ladies and gentlemen, good day, and welcome to Easy Trip Planners Limited Q1 FY25 Earnings Conference Call. (Operator Instructions) Please note that this conference has been recorded. I now hand the conference over to Mr. Prashant Pitti. Thank you, and over to you, sir.
Thank you. Good evening, everyone, and welcome to Quarter one FY25 Earnings Call of EaseMyTrip. I would like to thank you all for joining us today. Our earnings presentation and press release have already been uploaded on our website and stock exchanges, and I hope you have had a chance to review it.
To start with, I would like to begin by highlighting the performance of EaseMyTrip for quarter one of FY25 and would be happy to take questions afterwards. I'm happy to announce that our company commenced FY25 with sustained performance and achieving EBITDA of INR 50.6 crores in quarter one, making a substantial 34.9% increase compared to the same period last year.
Our revenue from operations grew by
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