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EaseMyTrip Swings to Loss in Q4 FY26 Amid Rising Costs and Revenue Pressure

EaseMyTrip Swings to Loss in Q4 FY26 Amid Rising Costs and Revenue Pressure

EaseMyTrip closed Q4 FY26 with a net loss of ₹15.4 crore, a sharp reversal from a profit of ₹13.9 crore in the same quarter last year. Operating revenue for the quarter rose 8.9% year-on-year to ₹151.9 crore, though total expenses surged 38.6% YoY to ₹153.2 crore, eroding margins significantly.

For the full fiscal year FY26, the online travel aggregator posted a loss of ₹47.5 crore, compared to a profit of ₹108.6 crore in FY25. Annual revenue from operations declined 8.8% to ₹535.7 crore, while EBITDA collapsed 85.8% to ₹22.9 crore. EBITDA margins shrank drastically to 4% from 26.7% in the previous year.

At the segment level, air ticketing – the company’s core revenue driver – declined 14.7% YoY to ₹80 crore in Q4. However, the hotels and packages segment delivered a standout performance, surging 148% to ₹57.8 crore. Dubai operations also emerged as a strong growth engine, with gross booking revenue jumping 95.7% YoY to ₹453 crore.

Despite the subdued financials, EaseMyTrip reaffirmed its Vision 2030 growth roadmap, which includes a planned ₹500 crore fundraise, ChatGPT-powered AI integration, diversification into non-air categories, and expanded international operations with Dubai as a strategic hub.

Co-founder and Chairman Nishant Pitti expressed confidence in the platform’s long-term trajectory, citing strategic partnerships and high-potential segment investments as key drivers of the next phase of growth.

EaseMyTrip shares closed 3.5% lower at ₹7.16 on the BSE.

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