EaseMyTrip, a leading online travel aggregator platform, has encountered difficulties during the second quarter of the current fiscal year (FY26), with a decline in revenue exceeding 18% and a shift to loss. The operating revenue of EaseMyTrip fell by 19% to Rs 118 crore in Q2 FY26, down from Rs 145 crore in Q2 FY25, according to financial statements submitted to the National Stock Exchange (NSE).
Highlights
Revenue Breakdown of EaseMyTrip
Air ticketing, which constituted 61% of the company’s revenue, experienced a 22% drop to Rs 72 crore in Q2 FY26, down from Rs 92.5 crore in the same quarter of the previous year. Hotel packages made up 27% of the total revenue, contributing Rs 32 crore. When all income sources are included, the total income for Q2 FY26 reached Rs 126 crore, a decrease from Rs 150 crore in Q2 FY25. The revenue for the first half of FY26 has also declined by 22%, falling to Rs 232 crore from Rs 297 crore in H1 FY25.
Expenses and Financial Performance
The total expenses incurred by EaseMyTrip rose by 6% to Rs 120 crore in Q2 FY26, compared to Rs 113 crore in Q2 FY25. Employee benefits accounted for 26% of these expenses, increasing by 24% to Rs 31 crore in the same quarter. Other significant costs included payment gateway charges, service costs, and advertising. As a result of the falling revenue and increasing expenses, the company reported a loss of Rs 36 crore in Q2 FY26, contrasting with a profit of Rs 27 crore in Q2 FY25. On a unit basis, the company expended Rs 1.02 for every rupee earned in operating revenue during the last quarter.
Leadership Changes at EaseMyTrip
In addition to the financial updates, EaseMyTrip announced recent changes in its leadership team. Mr. Sankalp Kaul has been appointed Chief Technology Officer (CTO) of the company, succeeding Mr. Naimish Sinha, while Mr. Manmeet Ahluwalia has taken on the role of Chief Marketing Officer (CMO).
The board of EaseMyTrip has sanctioned the issuance of 55.93 crore fully paid-up equity shares valued at Rs 514.06 crore on a preferential basis. The shares are set to be allocated to seven non-promoter investors, including Ashish Begwani, Sunil Jain, Dhankalash Distributors, Divyank Singhal, Levo Beauty, SSL Nirvana Grand Golf Developers, and Javaphile Hospitality. As of 11:12 AM, EaseMyTrip is trading at Rs 7.97 on the NSE, with a total market capitalization of approximately Rs 2,898 crore (around $325 million).
