Thread by @ValueEducator

#EaseMyTrip Q3 2022 Concall Highlights ✈🏨🛎

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Financial Update.

1. Gross Booking Revenue (GBR) was Rs. 1,293 Crs up 44% QoQ basis and up 65% YoY.
2. Adjusted Revenue Rs. 152 Crs 147% YoY

3. Air Segment Booking 24.56 lacs 49% YoY.
4. Profit After Tax (PAT) Rs. 40 Crs 84% YoY
5. For 9M FY22 - Gross Booking Revenue (GBR) Rs. 2,544 Crs 108% YoY.
6. Adjusted Revenue Rs. 302 Crs 208% YoY.
7. Air Segment Booking 50.36 lacs 87% YoY.

8. Profit After Tax (PAT) Rs. 83 Crs 167%YoY.
9. 92.3% GMV comes from B2C business .
10. 88.8% transactions are done by B2C customers.

Business Update

1. Company’s employee expenses for Q3FY22 as a % of GBR stood at 0.5% compared to 0.6% for the same quarter last year. For 9MFY22 employee expenses as a % of GBR stood at 0.7% as compared to 1.2% for 9MFY21

2. With focused marketing & sales promotion expenses we have been able to increase our market share.
Marketing expenses stood at around 0.9% of GBR for 9MFY22 as compared to 0.8% of GBR in 9MFY21.

10. Other expenses as a % of GBR were consistent at 1.2% in 9MFY22 with 1.2% in 9MFY21.

11. Air Segments for the quarter were up by 49% and for 9MFY22 were up by 87%

12. Hotel nights booking in Q3FY22 & 9MFY22 were up by 144% & 357% respectively. We have achieved a new height in our hotel nights booking segment in 9MFY22 and are confident of future growth in this segment, with our competitive pricing & video offerings across hotels.

13. Recovery in travel & tourism sector has enabled high growth in bookings across segments.

14. The company acquired Spree Hospitality,a 1200 room-keys hospitality management company in order to expand presence in the hotel and holiday segment
Company paid 18.25Cr for this deal

15. Also Acquired Traviate which will add a new revenue stream and further strengthen the company’s offerings and portfolio in the B2B hotel and holiday space.

16. Traviate is India’s first B2B technology-driven travel marketplace that enables the travel ecosystem to connect and transact efficiently.

17. Company acquired Yolobus
By acquiring the brand name and technology of ‘Yolobus’, a premium intercity mobility platform, the company's plan is to grow presence in the non-air segment.

18. Company also decided First-ever brand ambassadors for the nationwide brand campaign, a 2 year contract.
Varun Sharma and Vijay Raaz were appointed as first-ever brand ambassadors as part of a nationwide brand initiative

19. Company declared total interim dividend payout of Rs. 32.59 Cr ; Announced one in May’21 (100%) and second in November (50%).

Future Outlook

1. Company also plans to acquire 2 more companies in coming quarters, with a vision of creating an ecosystem on the travel side and become a market leader in the coming 3-5 years.

2. Company expects its non-air revenue to double every year.