EaseMyTrip's Q2 Shock: Net Loss Widens as Air Ticket Revenue Plummets, But Hotels & Dubai Business Skyrocket!

Author

Simar Singh | Whalesbook News Team

Detailed Coverage:

Easy Trip Planners Limited (EaseMyTrip) announced a challenging second quarter for FY26, posting a net loss of Rs 36 crore, a significant shift from the Rs 27 crore profit achieved in Q2 FY25. This downturn was driven by an 18% year-on-year decrease in operating revenue to Rs 118 crore, heavily influenced by a 22% decline in its primary revenue source, air ticketing. However, the company's strategic push into non-air verticals showed robust performance. Hotel and holiday bookings experienced an impressive 93.3% year-on-year growth, and its international business, especially Dubai operations, saw its Gross Booking Revenue more than double, rising by 109.7%. The company continues to advance its 'EMT 2.0' strategy, aiming to become a comprehensive travel platform through acquisitions, such as a stake in a London hotel, and strategic partnerships to enhance customer engagement and offerings. **Impact**: This news is significant for investors as it indicates a net loss and a decline in the company's core air ticketing revenue, which can raise concerns about short-term profitability and business model resilience. However, the strong growth in hotel bookings and international operations, coupled with strategic diversification efforts, offers a positive outlook for long-term growth and a more balanced revenue stream. The market reaction will likely depend on how investors weigh these contrasting performance indicators. Rating: 7/10. **Terms Explained**: * **EBITDA**: Earnings Before Interest, Taxes, Depreciation, and Amortization – a measure of a company's operating performance. * **Gross Booking Revenue (GBR)**: The total value of all bookings made through the platform before deducting any commissions, fees, or refunds. * **YoY**: Year-on-Year – a comparison of financial results from the current period to the same period in the previous year. * **EMT 2.0**: EaseMyTrip's strategic plan to evolve into a full-stack travel platform by expanding its service portfolio and deepening its presence in higher-margin segments.