Easy Trip Planners Q4 results: Co reports net profit at Rs 30 crore

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NEW DELHI: Online journey portal Easy Trip Planners Limited (EaseMyTrip) posted a net profit of Rs 30.46 crore within the fourth quarter of FY20-21, considerably up from Rs 3.38 crore within the corresponding interval of the earlier fiscal.

Its income from operations was up 82 per cent at Rs 57.44 crore in quarter 4 in comparison with Rs 31.55 crore within the corresponding interval of the earlier fiscal.

On an annualised foundation, the corporate reported a net profit of Rs 61 crore for FY20-21, up from Rs 33 crore within the earlier 12 months. It reported income from operations of Rs 107 crore for the fiscal 12 months, down from Rs 141 crore within the earlier fiscal.

The firm stated the rise in profitability was pushed by enhance in margins and commissions, and discount in operational bills together with discount in reductions, advertising and gross sales promotion and worker bills in addition to features from cutbacks in cost costs.

Prashant Pitti, co-founder and govt director stated: “Despite the challenges confronted as a result of pandemic, EaseMyTrip recorded its highest ever profitability in FY2021. This was doable because of elevated fee from airways, enhance in operational efficiencies and our mannequin of engaged on lean price of operations. We have battled the headwinds of the Covid-19 pandemic and returned with robust profitability because of our lean price construction and our means to economize additional with out shedding out on the income pie.”

Pitti stated he anticipates an enormous pent up demand for the journey and tourism sector put up the vaccination drive throughout India.

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