EaseMyTrip Bleeds In Q4, Posts ₹15 Cr Loss

Online travel aggregator (OTA) EaseMyTrip slipped into the red in Q4 FY26, reporting a net loss of ₹15.4 Cr compared to a profit of ₹13.9 Cr in the year-ago quarter. The company had also minted a profit of ₹3.4 Cr in preceding Q3 FY26. 

Operating revenue for the quarter under review rose 8.9% to ₹151.9 Cr as against ₹139.5 Cr in Q4 FY25. Sequentially, the top line remained largely flat and rose a mere 0.1% from ₹151.6 Cr in Q3 FY26.

Including other income of ₹14 Cr, the listed travel tech platform’s total income stood at ₹166 Cr in Q4 FY26. Meanwhile, total expenses for the quarter rose 38.6% YoY and 18.4% QoQ to ₹153.2 Cr in the quarter under review.

For the full FY26, the OTA swung to a loss of ₹47.5 Cr as against a profit of ₹108.6 Cr in the year ago fiscal. Revenue from operations also declined 8.8% to ₹535.7 Cr in the fiscal under review versus ₹587.3 Cr in FY25.

The company’s EBITDA tanked more than 85.8% YoY to ₹22.9 Cr in FY26, while the EBITDA margin shrank to 4% from 26.7% in FY25. The company did not disclose Q4 EBITDA numbers.

As usual, the air ticketing business continued to be the biggest driver of revenue for the company. However, revenue from this segment declined 14.7% to ₹80 Cr during the quarter under review from ₹93.9 Cr in Q4 FY25. 

Revenue from hotels and packages segment surged nearly 148% to ₹57.8 Cr in the January-March quarter of 2026 as against ₹23.3 Cr in the corresponding period last year. EaseMyTrip also earned ₹14.1 Cr from other services in Q4 FY26, down 36.9% from ₹22.3 Cr in Q4 FY25.

During the quarter, flights accounted for about 52.7% of the revenue. Meanwhile, hotels and holiday packages accounted for about 38% of the revenue, while the remaining 9.3% came from trains, buses and others. 

Despite the subdued results, the company claimed that it witnessed “particularly strong traction” across hotels, holidays and international operations. Gross booking revenue (GBR) for the quarter stood at ₹2,138 Cr in Q4. 

The hotels and holiday packages segment recorded 5.5 Lakh room nights during the quarter, up 95% from 2.8 Lakhs in Q4 FY25. Meanwhile, the trains, buses and others segment saw a 31.8% YoY decline in Q4 transactions, with bookings tanking to 3.6 Lakhs.

Meanwhile, Dubai operations remained a key growth engine. The Dubai business clocked ₹453 Cr in GBR in the quarter under review, up 95.7% from ₹232 Cr in Q4 FY25. 

In a statement, EaseMyTrip also reiterated that it plans to raise ₹500 Cr to focus on segments such as hotels, holidays, technology, and strategic opportunities. Going forward, the OTA said that it plans to strengthen its AI suite with ChatGPT integration, diversify into new categories and strengthen global expansion by leveraging Dubai as a strategic international hub.

“… Our Vision 2030 roadmap provides a clear framework for scaling these efforts across AI, international markets, non-air businesses, and emerging travel opportunities. Strategic partnerships, growth investments, and expansion across high-potential segments are strengthening our platform and positioning us for the next phase of growth,” said EaseMyTrip cofounder and chairman Nishant Pitti.

EaseMyTrip’s shares ended Friday’s trading session 3.5% lower at ₹7.16 on the BSE.

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