EaseMyTrip's Q1 FY27: ₹11.7 Cr Loss Despite Revenue Growth

Introduction

EaseMyTrip (EMT), an online travel aggregator, slipped into the red in Q1 FY27, posting a consolidated net loss of ₹11.7 Cr compared to a net profit of ₹44 Lakh in the year-ago period. Despite the loss, the company's operating revenue climbed 18.4% year-on-year (YoY) to ₹134.7 Cr during the quarter under review from ₹113.8 Cr in Q1 FY26.

Financial Performance

The loss comes despite the online travel aggregator’s (OTA’s) operating revenue climbing 18.4% YoY to ₹134.7 Cr during the quarter under review from ₹113.8 Cr in Q1 FY26. However, sequentially, operating revenue declined 11.3% from ₹151.9 Cr. Including other income of ₹6.6 Cr, EaseMyTrip’s total income increased 18% YoY to ₹141.3 Cr from ₹119.7 Cr.

Revenue Breakdown

Despite the revenue growth, the company slipped into the red as its total expenses jumped 29.8% to ₹152.7 Cr from ₹117.7 Cr in the year-ago quarter. Service costs more than doubled to ₹39.2 Cr from ₹18 Cr in Q1 FY26. Meanwhile, employee benefit expenses increased 4.2% to ₹32.8 Cr from ₹31.4 Cr. It's advertising and sales promotion expenses rose 10.7% YoY to ₹18.5 Cr, while payment gateway charges increased 19.4% to ₹16.4 Cr. Other expenses surged 20.7% to ₹38.1 Cr during the quarter.

Strategic Priorities

The uptick in the company’s top line was driven by its hotel packages services. The segment’s revenue during the quarter more than doubled YoY to ₹67.6 Cr. Meanwhile, revenues from its air passage and other services, trains, buses, and other offerings, dipped. While air revenue declined 4% YoY to ₹54.8 Cr, other services’ revenue contribution halved to ₹12.3 Cr.

EMT said that it had worked on its “strategic priorities” in the quarter, including Dubai operations expansion, AI-led travel innovations and strengthening Hotels & Holidays business.

Market Impact

EMT’s Dubai operations recorded gross booking revenue (GBR) of ₹461.8 Cr in Q1 FY27, up 45.2% YoY from ₹318.1 Cr in Q1 FY26. “Q1 FY27 marks an important phase in EaseMyTrip’s Vision 2030 journey, as we continue to translate our strategic priorities into tangible business momentum… Alongside this business momentum, we are continuing to invest in initiatives that strengthen the value we deliver across the travel journey…We are also building greater depth across our integrated travel ecosystem, with continued expansion across Hotels, Holidays, domestic tourism, Airport Services, Duty Free, Meet & Greet and other emerging travel categories,” chairman Nishant Pitti said.

Shares of EMT ended Friday’s training session 3.55% higher at ₹6.41 apiece on the BSE.

FAQs

**Q: What was EaseMyTrip's net profit in Q1 FY26? A: ₹44 Lakh

**Q: What was the total income for Q1 FY27? A: ₹141.3 Cr

**Q: What was the reason for the increase in service costs? A: Service costs more than doubled to ₹39.2 Cr.

Conclusion

EaseMyTrip's Q1 FY27 financials reveal a complex picture of revenue growth juxtaposed with significant expense increases leading to a net loss. Despite the challenges, the company's strategic initiatives and market performance indicate a promising future.

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