Erayaa Life spaces Limited is excited to announce a significant milestone achieved by its Indian subsidiary, EbixCash, marking a key advancement in the company’s growth journey. The travel division of EbixCash, Ebix Travels Pvt. Ltd. (ETPL), has delivered remarkable results for the quarter ending December 2024. Achieving a GMV (Gross Merchandise Value) of INR 10,030 million (1003 Cr),Net revenue of INR 1,110 million (111 Cr), and a Healthy EBITDA of INR 75 million (7.5 Cr).
Among its key segments, the Mercury division, which includes corporate travel, MICE (Meetings, Incentives, Conferences, and Exhibitions), luxury trains, and Swiss travel, generated INR 585.3 million (58.53 Cr) in revenue and an EBITDA of INR 23.7 million (2.37 Cr). This success was driven by strong corporate and MICE bookings, highlighting the robust demand in these areas.
Mr. Naveen Kundu- Managing Director, stated, “We are excited to see EbixCash’s travel division continue to excel, reflecting the immense growth potential in the travel and tourism sector. With a robust order book for 2025 and a strong presence in key regional markets, we are confident in our ability to drive further growth and strengthen our leadership position in the industry. He further added, “Our performance underscores the growing demand for innovative and customized travel solutions across diverse sectors. We are well-positioned to capitalize on emerging opportunities, ensuring that we remain at the forefront of the market's expansion in the coming years.