EaseMyTrip's profit plunges 90% despite surging international bookings and hotel demand
EaseMyTrip reported a sharp drop in net profit for the third quarter of FY26, falling 90% to ₹3.4 crore. This marks a significant decline from ₹34 crore in the same period last year. Despite the profit slump, the company saw growth in key areas like international bookings and hotel reservations.
The board has also approved plans to raise fresh funds through equity or convertible securities.
The company's operating revenue inched up by 0.7% year-on-year to ₹151.7 crore in Q3 FY26, a 28% jump from the previous quarter. Gross booking revenue reached ₹2,213.2 crore, driven partly by strong international operations, particularly in Dubai, where bookings surged 133.2% YoY.
Hotel and holiday package bookings performed well, with 4.6 lakh room nights sold—a rise of 84% compared to the same quarter last year. However, the trains, buses, and other transport segments saw a 31.9% decline in transactions.
Expenses climbed 42.5% to ₹153.2 crore, up from ₹107.5 crore in Q3 FY25, squeezing profitability. EBITDA fell 17% YoY to ₹13.9 crore but improved 18% from the previous quarter. The company returned to profit after a ₹36 crore loss in Q2 FY26.
Over the past three years, EaseMyTrip expanded its market share in India's online travel sector from 8% to 15%, thanks to aggressive marketing and low-cost strategies. Meanwhile, MakeMyTrip maintained its lead at 45–50%, while Cleartrip's share dropped from 12% to 8% following its acquisition by Flipkart.
EaseMyTrip's latest results show mixed performance, with strong growth in hotels and international bookings offset by rising costs and weaker transport segment sales. The planned fundraise aims to support future expansion, though profitability remains under pressure compared to previous years.
