EaseMyTrip Slips Into Red With ₹11.7 Cr Loss In Q1; Revenue Rises 18% YoY

Online travel aggregator EaseMyTrip (EMT) slipped into the red in the June quarter of the financial year 2026-27 (Q1 FY27), posting a consolidated net loss of ₹11.7 Cr compared to a net profit of ₹44 Lakh in the year-ago period.

On a quarter-on-quarter (QoQ) basis, the company managed to narrow its loss by 24.2% on a sequential basis from ₹15.4 Cr loss incurred in the March quarter.

The loss comes despite the online travel aggregator’s (OTA’s) operating revenue climbing 18.4% year-on-year (YoY) to ₹134.7 Cr during the quarter under review from ₹113.8 Cr in Q1 FY26. However, sequentially, operating revenue declined 11.3% from ₹151.9 Cr.

Including other income of ₹6.6 Cr, EaseMyTrip’s total income increased 18% YoY to ₹141.3 Cr from ₹119.7 Cr.

Despite the revenue growth, the company slipped into the red as its total expenses jumped 29.8% to ₹152.7 Cr from ₹117.7 Cr in the year-ago quarter. Service costs more than doubled to ₹39.2 Cr from ₹18 Cr in Q1 FY26. Meanwhile, employee benefit expenses increased 4.2% to ₹32.8 Cr from ₹31.4 Cr.

Its advertising and sales promotion expenses rose 10.7% YoY to ₹18.5 Cr, while payment gateway charges increased 19.4% to ₹16.4 Cr. Other expenses surged 20.7% to ₹38.1 Cr during the quarter.

A Deeper Look At EMT’s Q1 Performance

The uptick in the company’s top line was driven by its hotel packages services. The segment’s revenue during the quarter more than doubled YoY to ₹67.6 Cr 

Meanwhile, revenues from its air passage and other services, trains, buses, and other offerings, dipped. While air revenue declined 4% YoY to ₹54.8 Cr, other services’ revenue contribution halved to ₹12.3 Cr.

Segment wise, EMT’s quarterly hotel night bookings almost doubled to 6.47 Lakh. The company’s trains, buses, and others segment recorded a 45.8% YoY decline in Q1 FY27, with bookings decreasing from 4.3 Lakhs to 2.4 Lakhs.

Overall, the OTA claimed that its gross booking revenue (GBR) grew 14.8% to ₹2,371 Cr in Q1 FY27 from ₹2,065.8 Cr in the corresponding quarter last year.

Despite the decline in revenue, flights still brought in the highest gross bookings for EMT, accounting for 74.1% of Q1 FY27 GBR. Hotels and holiday packages brought in 24.9% GBR and trains, buses and other services made up the remaining 1%.

EMT said that it had worked on its “strategic priorities” in the quarter, including Dubai operations expansion, AI-led travel innovations and strengthening Hotels & Holidays business.

EMT’s Dubai operations recorded gross booking revenue (GBR) of ₹461.8 Cr in Q1 FY27, up 45.2% YoY from ₹318.1 Cr in Q1 FY26.

“Q1 FY27 marks an important phase in EaseMyTrip’s Vision 2030 journey, as we continue to translate our strategic priorities into tangible business momentum… Alongside this business momentum, we are continuing to invest in initiatives that strengthen the value we deliver across the travel journey…We are also building greater depth across our integrated travel ecosystem, with continued expansion across Hotels, Holidays, domestic tourism, Airport Services, Duty Free, Meet & Greet and other emerging travel categories,” chairman Nishant Pitti said.

Shares of EMT ended Friday’s training session 3.55% higher at ₹6.41 apiece on the BSE.

The post EaseMyTrip Slips Into Red With ₹11.7 Cr Loss In Q1; Revenue Rises 18% YoY appeared first on Inc42 Media.