Nature of Disclosure: Investor presentation submitted pursuant to Regulation 30 of SEBI Listing Regulations, covering unaudited standalone and consolidated financial results for quarter and half year ended 30 September 2026.

Financial Performance Q2 FY27:

  • Gross Booking Revenue (GBR): ₹24,584.6 million, representing 25.5% year-on-year growth from ₹19,587.0 million in Q2 FY26
  • Revenue from Operations: ₹1,579.9 million (6.4% of GBR), compared to ₹1,183.4 million (6.0% of GBR) in Q2 FY26
  • Adjusted Revenue: ₹1,833.1 million (7.5% of GBR), compared to ₹1,614.0 million (8.2% of GBR) in Q2 FY26
  • Other Income: ₹100.3 million, compared to ₹81.2 million in Q2 FY26
  • Profit Before Tax (PBT): ₹38.0 million (0.2% of GBR), compared to ₹61.2 million (0.3% of GBR) in Q2 FY26
  • Tax: ₹11.7 million, compared to ₹4.2 million in Q2 FY26
  • Share of Profit/(Loss) of Associates and Joint Ventures: (₹32.1) million, compared to (₹7.2) million in Q2 FY26
  • Profit After Tax (PAT)*: (₹5.7) million ((0.0)% of GBR), compared to (₹360.4) million ((1.8)% of GBR) in Q2 FY26
  • Total Comprehensive Income*: (₹13.9) million ((0.1)% of GBR), compared to (₹275.0) million ((1.4)% of GBR) in Q2 FY26

*Excludes Exceptional Items and Tax Benefit on Exceptional Items, includes Minority Interest

Financial Performance H1 FY27:

  • Gross Booking Revenue (GBR): ₹48,294.2 million, representing 20.0% year-on-year growth from ₹40,244.9 million in H1 FY26
  • Revenue from Operations: ₹2,927.0 million (6.1% of GBR), compared to ₹2,321.3 million (5.8% of GBR) in H1 FY26
  • Adjusted Revenue: ₹3,509.7 million (7.3% of GBR), compared to ₹3,217.4 million (8.0% of GBR) in H1 FY26
  • Other Income: ₹166.0 million, compared to ₹140.2 million in H1 FY26
  • Profit Before Tax (PBT): (₹76.1) million ((0.2)% of GBR), compared to ₹81.5 million (0.2% of GBR) in H1 FY26
  • Tax: ₹8.8 million, compared to ₹13.7 million in H1 FY26
  • Share of Profit/(Loss) of Associates and Joint Ventures: (₹37.7) million, compared to (₹13.6) million in H1 FY26
  • Profit After Tax (PAT)*: (₹112.5) million ((0.3)% of GBR), compared to (₹356.0) million ((0.9)% of GBR) in H1 FY26
  • Total Comprehensive Income*: (₹116.7) million ((0.2)% of GBR), compared to (₹283.7) million ((0.7)% of GBR) in H1 FY26

Operational Highlights Q2 FY27:

  • Dubai operations recorded GBR of ₹5,560.3 million, representing 53.7% year-on-year growth from ₹3,617.3 million in Q2 FY26
  • Hotel and holiday package bookings grew by 87.5% year-on-year, rising from 4.2 lacs to 7.9 lacs
  • Trains, Buses, and Others segment recorded 39.0% year-on-year decline, with bookings decreasing from 3.3 lacs to 2.0 lacs

Expense Breakdown Q2 FY27:

  • Discounts to Customers: ₹642.8 million (2.6% of GBR)
  • Employee Expenses: ₹319.2 million (1.3% of GBR)
  • Marketing and Sales Promotion: ₹195.0 million (0.8% of GBR)
  • Payment Gateway Charges: ₹195.9 million (0.8% of GBR)
  • Other Expenses: ₹462.2 million (1.9% of GBR)
  • Finance Cost: ₹11.3 million (0.0% of GBR)
  • Depreciation: ₹39.9 million (0.2% of GBR)

Strategic Initiatives and Business Updates:

  • Dubai business showing sustained quarter-on-quarter growth trajectory with continued traction in international travel
  • Non-air segments focus: Expanding hotel and holiday packages which offer higher profit margins
  • Spree Hospitality: Portfolio of 56 properties with over 2,200 keys; approximately 30 more properties signed; target to expand to 200 properties over next five years
  • YoloBus: Served over 2 million passengers to date; annual occupancy rate over 88%; connecting major Tier I and Tier II cities
  • Easy Green Mobility: New EV bus manufacturing subsidiary with INR 200 Cr investment over 2-3 years; target to operate 2000+ electric buses by FY2028 through YoloBus
  • Technology innovations: WhatsApp bookings, AI chatbot, Book at INR 0, Lock Price feature, ONDC integration
  • Corporate travel solutions through EMTDESK platform
  • EMTMATE platform for travel agents and agencies
  • Sustainability initiatives: Carbon footprint tracking, blockchain-powered carbon offset
  • EMT Foundation: CSR initiatives including environmental sustainability, girl education, animal welfare, sports training
  • Partnership with Archaeological Survey of India as Smārak Sārathi for Qutub Minar, Sun Temple Konark, Agra Fort, and Western Group of Temples Khajuraho

Balance Sheet Highlights (H1 FY27):

  • Total Equity: ₹10,509.9 million (up from ₹8,149.2 million in FY26)
  • Total Assets: ₹14,786.9 million (up from ₹12,083.6 million in FY26)
  • Cash and Cash Equivalents: ₹1,076.7 million (up from ₹802.2 million in FY26)
  • Trade Receivable: ₹2,759.4 million
  • Investments accounted using equity method: ₹3,573.8 million (significant increase from ₹1,123.8 million in FY26)

Cash Flow Statement H1 FY27:

  • Net Cash from Operating Activities: ₹165.3 million (improvement from (₹174.8) million in H1 FY26)
  • Cash Flow from Investing Activities: (₹6.3) million
  • Cash Flow from Financing Activities: ₹115.5 million
  • Net increase in Cash and Cash equivalent: ₹274.6 million

Market Context:

  • India online travel market valued at USD 22.8 billion in 2024, anticipated to grow to USD 36.3 billion by 2027 (17% CAGR)
  • India's digital economy projected to contribute nearly one-fifth of country's overall economy by 2030
  • E-retail market growing at CAGR of more than 20%, expected to reach 10-12% of total retail spend by 2030

Management:

  • Mr. Nishant Pitti: Chairman & Managing Director
  • Mr. Rikant Pitti: Director & CEO (also Chairman of CII Delhi State Council)
  • Mr. Vikas Bansal: Director (Chartered Accountant and Law graduate)
  • Independent Directors: Mrs. Neena Kumar, Mr. Ajay Kumar Chauhan, Mrs. Ruchi Ghanashyam

Regulatory Reference: Filed pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Additional Materials: Audio recording and transcript of Investors Conference will be uploaded on company website and stock exchanges.