EaseMyTrip is expecting a positive cashflow from ops this year: CEO

Online travel platform EaseMyTrip is looking to turn the corner and become profitable in the first quarter of the financial year 2024-25 (FY25), CEO and co-founder Nishant Pitti said.

The firm had slipped into red in the fourth quarter of FY24 for the first time since its public listing in 2021, mainly due to write off of amounts recoverable from now bankrupt Go First.

“Our focus has always been profitability, and this will continue to be our focus this year as well. We anticipate our next quarter to be positive in terms of revenue and profits too. Despite our overall business exhibiting comparatively slower growth, we have observed that our profit after tax has improved significantly,” Pitti told Business Standard.