Highlights
EaseMyTrip’s co-founder and executive director, Prashant Pitti, has pledged a considerable portion of his holding in the company. A recent regulatory filing with the Bombay Stock Exchange (BSE) revealed that Pitti has pledged 9 crore shares to Motilal Oswal Financial Services. This action represents a significant portion of his stake.
Details of the Pledge
The pledge was made on June 26, 2025, for undisclosed personal use. The lack of clarity regarding the personal use raises concerns among investors regarding promoter liquidity and the stability of future shareholding. The pledged shares account for roughly 2.54% of EaseMyTrip’s total equity, based on the company’s outstanding shares. At the current market rate, the value of these pledged shares is estimated at approximately Rs 94.5 crore.
Company’s Clarification on Betting Platforms
This development follows EaseMyTrip’s recent efforts to distance itself from any betting platforms. In April, the company publicly denied any affiliation with the Mahadev Betting App after authorities conducted searches associated with the case. EaseMyTrip confirmed its commitment to ethical business practices and stated that it is fully cooperating with all relevant authorities.
Financial Performance Overview
The online travel aggregator’s revenue experienced a slight decline, standing at Rs 139 crore in Q4FY25, down from Rs 164 crore in Q4FY24. For the entire fiscal year (FY25), the revenue from operations remained stable at Rs 587 crore. The company’s profits before tax were reported at Rs 143 crore in FY25.
Current Trading Performance
EaseMyTrip is currently trading at Rs 10.43 as of 10.53 AM today, with an estimated total market capitalization of Rs 3,696 crore, which is approximately $435 million.
