Easemytrip STUNS Market: ₹36 Cr Loss Revealed! What's Behind the Shocking Write-off?
Transportation
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Updated on 14th November 2025, 5:44 PM
Author
Satyam Jha | Whalesbook News Team
Crux:
Online travel aggregator Easemytrip reported a net loss of INR 36 crore for the second quarter of FY26, a significant shift from a profit of INR 26.8 crore in the same period last year. The company's operating revenue also fell by 18% year-on-year to INR 118.3 crore. This loss was primarily driven by an exceptional item charge of INR 51 crore, related to a General Sales Agent (GSA) agreement with an airline under the Indian government's UDAAN scheme.
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Detailed Coverage:
Easy Trip Planners Limited, operating as an online travel aggregator (OTA), has reported a net loss of INR 36 crore for the second quarter of fiscal year 2026. This marks a sharp turnaround from the INR 26.8 crore net profit recorded in the corresponding quarter of the previous fiscal year. On a sequential basis, the company posted a net profit of INR 44.3 lakh in the immediately preceding quarter.
Operating revenue saw an 18% decline year-on-year, dropping to INR 118.3 crore from INR 144.7 crore in Q2 FY25. However, revenue saw a modest 4% increase sequentially, reaching INR 114 crore in the June quarter.
Total income, including other income of INR 8.1 crore, stood at INR 126.5 crore, while total expenses rose by 7% year-on-year to INR 120.3 crore.
The substantial net loss was significantly impacted by an exceptional item loss of INR 51 crore. This write-off pertains to a General Sales Agent (GSA) agreement that Easemytrip entered into with a scheduled passenger airline operator in January 2022, under the UDAAN scheme initiated by the Indian government. The agreement involved advances adjustable against ticket sales and refundable GSA deposits. As of September 30, 2025, the company stated that INR 50.96 crore was recoverable from the operator, comprising deposits, advances, and receivables.
Impact: This news is expected to negatively affect Easy Trip Planners Limited's stock price in the short term due to the unexpected loss and the significant exceptional item. Investor sentiment towards the online travel aggregator sector might also see a dip. The company's ability to manage its contractual obligations and recover receivables will be closely watched.
Rating: 7/10
Difficult Terms: Online Travel Aggregator (OTA): A company that sells travel tickets and reservations directly to consumers online by consolidating information from many different service providers.
Net Loss: Occurs when a company's expenses exceed its revenues over a specific period.
Net Profit: The profit remaining after all expenses, taxes, and costs have been deducted from revenue.
Operating Revenue: The income generated from the normal business operations of a company.
Sequential Basis: Refers to a comparison between consecutive periods, such as one quarter compared to the previous quarter.
Exceptional Item: A profit or loss arising from events or transactions that are considered not to be part of the normal, recurring operating activities of an entity.
General Sales Agent (GSA): An individual or company appointed by an airline to represent and promote its services in a specific territory.
UDAAN Scheme: A regional connectivity scheme launched by the Government of India to improve air connectivity in tier-2 and tier-3 cities.
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