Easy Trip Q1 FY23 Result Highlights

  • Q1 Consolidated Revenue up 167% and Net Profit up 114%
  • In Q1 Gross Booking Revenue (GBR) at Rs.1663 Cr growth 366% YoY
  • In Q1 Air Segment Booking growth 212% YoY
  • Expanded to New Zealand, already present in Dubai, UK, Singapore, Philippines, Thailand and USA, to capture international air ticketing and hotel business
  • GMV from Dubai office in Q1 is Rs.7 Cr
  • With emergence of New Airport and New Airlines OTA are being preferred more compared to direct channel or offline travel agent
  • Covid has positively impacted OTAs with pandemic forcing to book online instead of physical visit to travel agents
  • Expecting GBR to touch Rs.7000 Cr in FY23 (Vs Rs.3715 Cr in FY22 and Rs.4205 Cr in FY20)
  • Air Segment Ticket Booking 30% International 70% Domestic