Revenue from operations stood at Rs 113.79 crore, lower than Rs 152.6 crore reported in Q1FY25. The adjusted total income, including other income, was recorded at Rs 166.24 crore for the June quarter, down from Rs 208.16 crore in the year-ago period.
Alongside the quarterly earnings, EaseMyTrip announced a series of three strategic acquisitions to strengthen its presence across international and domestic markets.
The board approved acquiring a 50% stake in Three Falcons Notting Hill Limited, which owns London’s boutique hotel brand The Knight of Notting Hill. It also cleared the 100% acquisition of AB Finance Private Limited, enabling ownership of a premium commercial property in Gurugram, India. Additionally, the company gave in-principle approval to enter into a strategic alliance with Vashu Bhagnani Industries Limited (VBIL).
The acquisitions, to be executed through a share swap arrangement, will help EaseMyTrip expand into the international hospitality segment while bolstering its domestic operational footprint. Management highlighted that the move comes at a time when the global hospitality industry, valued at USD 5.71 trillion, is projected to reach USD 7.23 trillion by 2029, opening significant growth opportunities.
“Our growth strategy has always centered around long-term thinking, measured decisions, and brand-aligned diversification. The proposed acquisition of the London property will give us the opportunity to explore synergies in hospitality at a global destination, while the Gurgaon property will strengthen our operational backbone as we scale. With these strategic moves, we aim to create unique, engaging, and memorable experiences for travelers while building value for the future,” said Nishant Pitti, Chairman & Founder of EaseMyTrip while commenting on the development.On Thursday, the shares of Easy Trip Planners closed 3.7% higher at Rs 9.20 on the BSE.Also read: US tariff on India: This adversity can be converted into an opportunity
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