Company Overview
Easy Trip Planners Limited (EaseMyTrip) reported mixed FY26 results with significant strategic developments amid financial challenges. The company convened its 18th Annual General Meeting on September 29, 2026, and published comprehensive financial disclosures including standalone and consolidated statements.
Financial Performance
EaseMyTrip reported consolidated net loss of ₹475.97 million for FY26 compared to profit of ₹1,086.56 million in FY25, primarily driven by an exceptional item of ₹509.57 million for impairment of advances and receivables from an airline operator under the UDAAN scheme. Revenue declined 29.3% to ₹5,356.96 million, with air passage revenue falling 36% to ₹2,700.38 million. However, the company maintained strong liquidity with ₹802.17 million in cash and total assets of ₹12,083.56 million.
Segment Performance & Growth Drivers
The hotels and holidays segment demonstrated exceptional growth with 88.9% YoY increase in hotel room-night bookings to 17.66 lakhs. International operations, particularly Dubai, recorded outstanding performance with Gross Booking Revenue of ₹15,307 million representing 118.24% YoY growth. Revenue share by GBR showed flights at 76.2%, hotels & holiday packages at 22.2%, and trains, buses & others at 1.6%.
Strategic Initiatives (EaseMyTrip 2.0)
The company executed its diversification strategy through multiple acquisitions including stakes in Three Falcons Notting Hill (50%), Javaphile Hospitality, SSL Nirvana Grand Golf Developers, and Levo Beauty. These moves expanded the company beyond core travel booking into premium properties, integrated travel experiences, leisure infrastructure, and wellness segments. The company also made significant investments in three associate companies through share swaps totaling ₹1,690.30 million.
Corporate Actions & Capital Structure
The Board approved a 1:1 bonus issue and increased authorized share capital from ₹5,000 million to ₹7,500 million. Post-year-end, the company approved a ₹5,000 million rights issue and allotted 347,798,677 equity shares. Paid-up equity share capital stood at ₹3,636.85 million with 3,636,853,188 equity shares of ₹1 each.
Subsidiary Performance
Spree Hospitality operated 53 properties across major Indian cities with over 2,200 keys. YoloBus served 2 million+ passengers across 250+ intercity routes with 88% occupancy rate. Easy Green Mobility entered electric bus manufacturing with planned investment of ₹200 crore targeting 2,000+ electric buses by FY27-28.
Technology & Innovation
EaseMyTrip became the first listed travel company in India to integrate with ChatGPT marketplace and launched AI-powered virtual travel assistant (EVA). The company implemented WhatsApp-based flight bookings, fare lock options, and book at ₹0 options for hotels.
BRSR & ESG Disclosure
The company reported Scope 2 emissions of 304.89 tCO₂e for FY26, with 7.14% of input materials sourced from MSMEs and 86.04% of wage costs in urban areas. CSR expenditure was ₹33.00 million through EaseMyTrip Foundation, and CRISIL ESG rating improved from 57 to 58.
Regulatory Compliance & Audit Matters
The auditor highlighted key audit matters including impairment assessment of investments in subsidiaries totaling ₹2,058 million and revenue recognition from air passage amounting to ₹2,700.38 million. The audit trail feature was not enabled at the database level, though no tampering was found. The company maintained compliance with SEBI LODR regulations and Companies Act requirements.
Risk Factors & Outlook
The company identified economy risk from global contractions, demand risk from seasonal fluctuations, competitive risk from domestic and international players, concentration risk from airline ticketing reliance, and technological risk from rapid evolution. The report contains forward-looking statements subject to market conditions and subsequent developments.