Why Did EaseMyTrip Experience a Significant 59% Drop in Q4 Net Profit?

Synopsis
Key Takeaways
- Net profit for Q4 FY25 fell by 59% QoQ.
- Revenue from operations decreased to Rs 139 crore.
- Expenses surged by nearly 22% to Rs 130.9 crore.
- Air ticketing is the main revenue source, contributing 68%.
- Despite challenges, profit before tax showed resilience, remaining stable year-on-year.
Mumbai, May 31 (NationPress) - The online travel aggregator (OTA) EaseMyTrip has announced a stark decrease in its net profit for the fourth quarter (Q4) of FY25, reporting a decline of over 59% quarter-on-quarter (QoQ) compared to the previous quarter (Q3 FY25).
According to its stock exchange filing, the company, led by Nishant Pitti, recorded a net profit after tax (PAT) of Rs 13.9 crore in Q4 FY25, down from Rs 34 crore in Q3 FY25.
Furthermore, revenue from operations also saw a decline, dropping to Rs 139 crore in Q4 FY25 from Rs 150 crore in Q3 FY25, marking a decrease of approximately 7.33%.
In comparison to the same quarter last year (Q4 FY24), revenue fell by 15% from Rs 164 crore.
This trend indicates that growth for the online travel platform has remained sluggish on a quarterly basis.
Total income for the quarter decreased by 6.54% to Rs 143 crore, while total expenses surged by nearly 22% to Rs 130.9 crore in Q4 FY25 compared to Rs 107.5 crore in the prior quarter.
For the full fiscal year FY25, EaseMyTrip reported revenue that remained nearly flat at Rs 587 crore, compared to Rs 590 crore in FY24.
Meanwhile, total expenses for the year rose to Rs 460 crore, according to its regulatory filing.
Air ticketing, which is the company’s core revenue driver, contributing 68% of overall revenue, experienced a 28% drop to Rs 94 crore in Q4 FY25 from Rs 132 crore in the same period last fiscal (Q4 FY24).
Hotel packages accounted for 16.5% of revenue, yielding Rs 23 crore.
Despite the quarterly decline, the company was able to report a profit before tax of Rs 12 crore in Q4 FY25, compared to a loss of Rs 17 crore in Q4 FY24.
Annually, profit before tax remained largely stable, at Rs 143 crore in FY25 against Rs 142 crore in FY24.
EaseMyTrip’s stock concluded the last trading session at Rs 11.28, up 0.71%, giving the company a total market capitalisation of Rs 3,997 crore.