Eraaya Lifespaces Q3 Business Updates: GMV stands at Rs 1003 crore, Net Revenue at Rs 111 crore

Eraaya Lifespaces Limited has reported exceptional financial results for Q3 FY24, highlighting the remarkable performance of its Indian subsidiary, EbixCash Limited’s Travel Division. Key achievements include:

  • Gross Merchandise Value (GMV): ₹1,003 crore
  • Net Revenue: ₹111 crore
  • EBITDA: ₹7.5 crore

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The Mercury division, focusing on corporate travel, MICE (Meetings, Incentives, Conferences, and Exhibitions), and luxury trains, delivered strong results with ₹58.53 crore in revenue and ₹2.37 crore in EBITDA. Additionally, the Deccan Odyssey luxury train contributed ₹11.23 crore in revenue, supported by a robust booking demand.

EbixCash’s online travel platform via.com also demonstrated promising growth, with exceptional profitability in Indonesia and the Philippines, contributing ₹8.68 crore.

Managing Director Naveen Kundu expressed confidence in EbixCash’s growth trajectory, emphasizing its strong order book for 2025 and its leadership position in the travel and tourism sector.

Eraaya continues to drive value for stakeholders, leveraging emerging opportunities and innovative solutions to remain a market leader.