EaseMyTrip posts ₹15.4 crore net loss in Q4 FY26, full-year loss hits ₹47.5 crore
Synopsis
EaseMyTrip has gone from a ₹108.6 crore profit in FY25 to a ₹47.5 crore loss in FY26 — a swing of over ₹156 crore in a single year. The culprit is a 38.6% YoY expense surge in Q4 alone, even as its core air ticketing business shed revenue. The one bright spot: hotels and holiday packages nearly tripled, hinting at where the company's next bet lies.
Key Takeaways
EaseMyTrip reported a consolidated net loss of ₹15.4 crore in Q4 FY26 , reversing a profit of ₹13.9 crore in Q4 FY25.
Full-year FY26 net loss stood at ₹47.5 crore , against a profit of ₹108.6 crore in FY25.
Total expenses surged 38.6 per cent year-on-year to ₹153.2 crore in Q4 FY26, the primary driver of the loss.
EBITDA margin collapsed to 4 per cent in FY26 from 26.7 per cent in FY25.
Hotels and holiday packages revenue jumped nearly 148 per cent to ₹57.8 crore in Q4 FY26.
Air ticketing revenue — the largest segment — fell 14.7 per cent to ₹80 crore in Q4 FY26.
Online travel aggregator EaseMyTrip swung to a consolidated net loss of ₹15.4 crore in Q4 FY26 (January–March 2026), reversing a profit of ₹13.9 crore in the same quarter a year earlier. The result marks a sharp deterioration from the ₹3.4 crore profit the company had posted in Q3 FY26, as surging expenses outpaced modest revenue gains.
Revenue Trend
Revenue from operations rose 8.9 per cent year-on-year to ₹151.9 crore in Q4 FY26, up from ₹139.5 crore in Q4 FY25. On a sequential basis, however, growth was virtually flat — inching up just 0.1 per cent from ₹151.6 crore in Q3 FY26. Including other income of ₹14 crore, total income for the quarter stood at ₹166 crore.
Expense Surge Dents Profitability
Total expenses climbed 38.6 per cent year-on-year and 18.4 per cent quarter-on-quarter to ₹153.2 crore in Q4 FY26, according to the company's regulatory filing. The sharp cost escalation was the primary driver behind the quarterly loss, compressing margins despite the revenue uptick.
Full-Year FY26 Performance
For the full financial year FY26, EaseMyTrip reported a net loss of ₹47.5 crore, a steep reversal from a profit of ₹108.6 crore in FY25. Annual revenue from operations also declined 8.8 per cent to ₹535.7 crore from ₹587.3 crore in the previous fiscal. EBITDA fell sharply by over 85.8 per cent year-on-year to ₹22.9 crore, with the EBITDA margin narrowing dramatically to 4 per cent from 26.7 per cent in FY25. The company did not disclose EBITDA figures for the March quarter separately.
Segment Performance: Hotels Surge, Air Ticketing Slips
EaseMyTrip's air ticketing segment — its largest revenue contributor — saw revenue fall 14.7 per cent year-on-year to ₹80 crore in Q4 FY26 from ₹93.9 crore in Q4 FY25. In contrast, the hotels and holiday packages business delivered standout growth, with revenue surging nearly 148 per cent to ₹57.8 crore from just ₹23.3 crore a year ago. Revenue from other services declined 36.9 per cent to ₹14.1 crore from ₹22.3 crore in the corresponding quarter of the previous year.
What to Watch
The divergence between a declining air ticketing business and a fast-growing hotels segment signals a potential strategic pivot for EaseMyTrip. Whether the company can scale its non-ticketing verticals fast enough to offset cost pressures — and return to profitability — will be the key question heading into FY27.
Point of View
But it starts from a small base and cannot yet absorb the drag from falling ticketing revenue and rising overheads. The FY27 question is whether management can hold the cost line while the segment mix rebalances — or whether losses deepen further before the pivot pays off.
NationPress
12 Aug 2026
Frequently Asked Questions
What was EaseMyTrip's net loss in Q4 FY26?
EaseMyTrip reported a consolidated net loss of ₹15.4 crore in Q4 FY26 (January–March 2026), compared to a profit of ₹13.9 crore in the same quarter of the previous year. The loss was driven primarily by a 38.6 per cent year-on-year surge in total expenses to ₹153.2 crore.
How did EaseMyTrip perform for the full financial year FY26?
For the full year FY26, EaseMyTrip posted a net loss of ₹47.5 crore, a sharp reversal from a profit of ₹108.6 crore in FY25. Annual revenue from operations also declined 8.8 per cent to ₹535.7 crore, and the EBITDA margin fell to 4 per cent from 26.7 per cent.
Which segment drove growth for EaseMyTrip in Q4 FY26?
The hotels and holiday packages segment was the standout performer, with revenue surging nearly 148 per cent to ₹57.8 crore in Q4 FY26 from ₹23.3 crore a year earlier. This growth partially offset the decline in the air ticketing segment.
Why did EaseMyTrip's air ticketing revenue fall?
EaseMyTrip's air ticketing revenue — its largest segment — declined 14.7 per cent year-on-year to ₹80 crore in Q4 FY26 from ₹93.9 crore in Q4 FY25. The company did not provide specific reasons for the decline in its filing.
What does EaseMyTrip's EBITDA trend indicate?
EaseMyTrip's EBITDA dropped over 85.8 per cent year-on-year to ₹22.9 crore for FY26, with the margin narrowing sharply to 4 per cent from 26.7 per cent in FY25. The company did not separately disclose EBITDA for the March quarter, indicating significant margin pressure across the year.
