EaseMyTrip Increases Stake in Eco Hotels and Resorts Limited

EaseMyTrip, an online travel aggregator, has boosted its ownership in Eco Hotels and Resorts Limited by 7.77% through a rights issue. The board of Easy Trip Planners, which oversees EaseMyTrip, sanctioned the investment during a meeting on September 20, as disclosed in a stock exchange announcement. The company secured 10 lakh equity shares at Rs 15.20 each, bringing the overall investment to approximately Rs 15.2 crore. The subscription will occur in multiple stages.

Overview of Eco Hotels and Resorts Limited

Established in 1987, Eco Hotels focuses on the hospitality industry with an emphasis on sustainable and environmentally friendly hotels. This Mumbai-based organisation is still in its initial stages of operations, recording revenues of merely Rs 13.71 lakh in FY25, in stark contrast to Rs 1.39 lakh in FY24 and Rs 0.78 lakh in FY23.

Recent Investments by EaseMyTrip

As of the end of Q1 FY26, the company green-lighted an investment of Rs 175 crore to acquire a 50% stake in Three Falcons Notting Hill Limited. Additionally, it approved a full acquisition of AB Finance Private Limited for Rs 194.4 crore, and invested in Vashu Bhagnani Industries Limited.

EaseMyTrip’s Venture into Hospitality

EaseMyTrip entered the hospitality sector following its acquisition of a 13% stake in Eco Hotels in December 2023. This move reflects its commitment to eco-conscious travel solutions.

Financial Performance of EaseMyTrip

Despite its ambitious expansions, EaseMyTrip’s operating revenue fell by 25.5%, dropping to Rs 114 crore in Q1 FY26 from Rs 25.5 crore in Q1 FY25. Furthermore, the company’s profit after tax (PAT) plummeted by 98.7%, totalling Rs 44 lakh in Q1 FY26, compared to Rs 34 crore during the corresponding period last year.