Eraaya Lifespaces Limited (ELL) has announced a remarkable milestone achieved by its Indian subsidiary, EbixCash, signifying a pivotal advancement in its growth journey
The subsidiary’s travel division (Ebix Travels Pvt. Ltd. – ETPL), has delivered outstanding performance for the quarter ended December 2024, achieving a GMV (Gross Merchandise Value) of INR 10,030 million, net revenue of INR 1,110 million, and a healthy EBITDA of INR 75 million.
Mercury, encompassing corporate travel, MICE, luxury trains, and Swiss travel, contributed INR 585.3 million in revenue with an EBITDA of INR 23.7 million, driven by strong corporate and MICE bookings.
In the luxury train segment, Deccan Odyssey generated INR 112.3 million in revenue with modest margins due to seasonality, while other luxury train operations and the Swiss Travel Bureau GmbH, targeting American luxury clients, also contributed positively with a revenue of INR 53.7 million.
Online travel agency via.com showed a mixed regional performance, with Indonesia and the Philippines delivering strong profitability of INR 86.8 million and Singapore poised for positive EBITDA in the next quarter. The total regional contributions highlighted a robust presence in the ASEAN region, with India, the Philippines, and Indonesia leading with combined GMV figures of INR 8117.40 million.
Key achievements include adding nine new corporate clients, expected to contribute an annualized INR 580 million, and nearing renewals with five large corporate clients.
Naveen Kundu, Managing Director, EbixCash Travel Group said, “Confidence in EbixCash’s growth trajectory, emphasizing its strong order book for 2025 and its leadership position in the travel and tourism sector.”
In the rail division, Ebix Travels demonstrated its dominance in luxury train bookings, with a robust figure of serving 1,447 passengers, the highest by any single operator post-COVID.
MICE division too reported a strong performance with over 30 groups and 6,000+ passengers, achieving industry-leading margins of 8.48%.
With healthy order book on hand for 2025, ETPL is expected to drive a significant growth in both top and bottom lines, thus ETPL is reaffirming its leadership in the Travel Solutions sector.
Read more: News
