Simple Trip Planners Ltd., trading as EaseMyTrip.com, reported its fourth quarter net profit rose 26% to ₹39.1 crore compared to ₹31 crore last year. Revenue from operations in the quarter rose 41% to ₹ 164 crore from ₹ 116.5 crore in the same period a year ago.
In FY24, the company reported a 17.6% escalate in net profit at ₹ 157.6 crore compared to the previous year. Revenue from operations increased by 31.6% to ₹590.5 crore compared to the previous year.
Nishant Pitti, CEO and Co-Founder, Simple Trip Planners, said, “In Q4FY24, we acquired 50% stake in Jeewani Hospitality to develop a 150-room luxury Radisson Blu hotel in Ayodhya, expanding our portfolio of high-quality hospitality offerings to 1 .5 lacs daily guests. We have diversified our business and expanded our services to better serve our clients with the launch of a fresh subsidiary, EaseMyTrip Insurance Broker Private Confined, marking our entry into the insurance industry.
“This move allows us to more fully meet customer needs beyond travel. Additionally, we have been actively engaging with the government and institutions and have expanded our reach in the domestic market through franchise stores,” he said.
“These initiatives underpin our commitment to strengthening partnerships and improving customer experiences across the travel and financial services sectors. We look forward to continuing to improve our customer service and expanding our offerings to meet changing market needs,” he added.
