EaseMyTrip Q3: Net Profit Plunges 90% YoY To ₹3.4 Cr

Online travel aggregator (OTA) EaseMyTrip’s net profit for Q3 FY26 declined 90% to ₹3.4 Cr from ₹34 Cr in the year-ago period. On a sequential basis, the company returned to the black after incurring a net loss of ₹36 Cr.

Operating revenue for the quarter under review increased 0.7% YoY and 28% QoQ to ₹151.7 Cr. Including other income of ₹9.6 Cr, total income stood at ₹161.3 Cr.

Total expenses for the quarter rose 42.5% to ₹153.2 Cr from ₹107.5 Cr in Q3 FY25.

The company’s EBITDA declined 17% to  ₹13.9 Cr from ₹16.8 Cr in Q3 FY25. However, EBITDA rose 18% QoQ from ₹11.8 Cr in Q2 FY26.

Gross booking revenue (GBR) for the quarter stood at ₹2,213.2 Cr. The hotels and holiday packages segment recorded 4.6 Lakh room nights during the quarter, up 84% YoY from 2.5 Lakh in Q3 FY25.

In contrast, the trains, buses and others segment saw a 31.9% YoY decline in Q3 transactions.

During the quarter, flights accounted for about 64% of the revenue. Meanwhile, hotels and holiday packages accounted for about 30% of the revenue, rest came from trains, buses and others. 

International operations, particularly Dubai, remained a key growth engine. The Dubai business clocked ₹397.6 Cr in GBR in Q3 FY26, up 133.2% YoY from ₹170.5 Cr in Q3 FY25. The company continued to expand its international footprint with new subsidiaries in Brazil and Saudi Arabia, strengthening its presence in key outbound and inbound travel corridors. 

The company is also scaling up subsidiaries such as YoloBus to deepen its non-air mobility play. Additionally, it has committed an investment of ₹200 Cr in its electric mobility arm, Easy Green Mobility, with plans to manufacture and deploy over 2,000 electric buses by FY28,  a move aimed at creating a new revenue stream while aligning with India’s EV push.

Besides announcing the financial performance for the quarter, the OTA’s board also gave an in-principle approval to a fundraise through the issuance of equity shares or other convertible securities in one or more tranches. 

The company will undertake the fundraise via routes including rights issue, QIP, preferential allotment, private placement or other methods, subject to regulatory approvals. EMT will later decide the issue size, pricing, investors, structure and utilisation of proceeds.

EaseMyTrip’s shares ended Friday’s trading sessions 2.65% lower at ₹6.61 on the BSE.

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