In a challenging financial update released on February 14, 2026, Easy Trip Planners (EaseMyTrip) reported a sharp 90% year-on-year (YoY) decline in consolidated net profit, which plummeted to ₹3.4 crore for the quarter ended December 31, 2025 (Q3 FY26).
While the bottom line saw a significant hit, the company’s management highlighted a sequential recovery from the loss-making previous quarter and announced a massive ₹500 crore capital raise to pivot toward high-margin segments like hotels and international tourism.
Q3 FY26 Financial Snapshot: The Margin Squeeze
Despite the profit slump, EaseMyTrip’s revenue remained largely stable, indicating that the decline was primarily driven by a surge in operational expenses rather than a drop in sales.
| Financial Metric | Q3 FY26 | Q3 FY25 | Change (YoY) |
| Total Income | ₹161.3 Crore | ₹153.8 Crore | ↑ 4.9% |
| Revenue from Operations | ₹151.7 Crore | ₹150.6 Crore | ↑ 0.7% |
| Total Expenses | ₹153.0 Crore | ₹107.5 Crore | ↑ 42% |
| Net Profit (PAT) | ₹3.4 Crore | ₹34.0 Crore | ↓ 90% |
| EBITDA Margin | 8.6% | ~30%+ | ↓ Sharp Decline |
Key Drivers: Why Profits Fell
- Surging Costs: Total expenses rose 42%, fueled by a 27% increase in employee benefits and higher spending on payment gateway charges and advertising to combat intense competition from MakeMyTrip and Yatra.
- Air Ticketing Stagnation: Revenue from the core air passage segment fell slightly (0.5%), as the company’s “no convenience fee” model faced pressure from rising service costs.
- Investment Phase: Significant capital was deployed into the “EaseMyTrip 2.0” strategy, which includes acquiring hotel stakes in London and commercial properties in Gurugram.
The Silver Lining: Non-Air and International Growth
Management pointed to the “diversified model” as a reason for optimism, with non-air verticals showing explosive growth.
- Dubai Momentum: Gross Booking Revenue (GBR) from Dubai operations surged 133% YoY to ₹397.6 crore, proving the success of their Middle Eastern expansion.
- Hotel Segment: Bookings in the hotel and packages vertical grew 84% YoY, averaging 5,000 room nights per day.
- Sequential Recovery: The ₹3.4 crore profit is a notable improvement over the ₹36.3 crore loss reported in Q2 FY26.
Strategic Pivot: ₹500 Crore Capital Raise
Following the board meeting on February 14, EaseMyTrip announced plans to raise up to ₹500 crore through equity shares or other securities (QIP, rights issue, or private placement).
The Funds are Earmarked for:
- Technology Upgrades: Enhancing the AI-driven booking platform and mobile app.
- Hospitality Expansion: Acquiring more hotel inventory to improve margins.
- M&A Opportunities: Scaling through strategic acquisitions in the travel-tech ecosystem.
Market Reaction
Surprisingly, the stock surged 13% to reach ₹7.45 on February 16, 2026. Investors appeared to overlook the YoY profit slump, focusing instead on the sequential turnaround, the massive fundraising news, and the improving EBITDA margins (up 15% QoQ).
“Q3 FY26 reflects focused execution and strengthening fundamentals. Every step this quarter was directed towards building long-term structural value through non-air segments and international reach.” — Nishant Pitti, Founder & CMD, EaseMyTrip.
