EASEMYTRIP - Easy Trip Plann.
📢 Recent Corporate Announcements
Mr. Vinod Kumar Tripathi has ceased to be an Independent Director of Easy Trip Planners Limited effective February 24, 2026. This change follows the completion of his second five-year term, which spanned from February 24, 2021, to February 24, 2026. As a result, he also ceases to be a member of various board committees. The company has expressed gratitude for his contributions during his tenure, and the transition is a routine administrative change due to statutory term limits for independent directors.
- Mr. Vinod Kumar Tripathi completed his second consecutive 5-year term as Independent Director.
- The cessation is effective from the close of business hours on February 24, 2026.
- He has also stepped down from his roles as a member of various board committees.
- The tenure for his second term was specifically from February 24, 2021, to February 24, 2026.
Shareholders of Easy Trip Planners Limited (EaseMyTrip) have approved two key resolutions via postal ballot with over 99.9% majority. The first resolution involves increasing the company's Authorised Share Capital, which currently stands at approximately Rs. 363.68 crore. The second resolution confirms the appointment of Mr. Ajay Kumar Chauhan as an Independent Director. These approvals provide the company with structural flexibility for future capital actions and strengthen its board governance.
- Resolution to increase Authorised Share Capital passed with 99.96% majority (175.07 crore votes in favor).
- Appointment of Mr. Ajay Kumar Chauhan as Independent Director approved with 99.97% majority.
- Total valid votes cast amounted to 175.13 crore shares, representing approximately 48.15% of total equity.
- Promoter group showed full participation with 173.56 crore votes cast in favor of both resolutions.
Easy Trip Planners Limited (EaseMyTrip) has announced the incorporation of a wholly owned subsidiary, EaseMyTrip Academy Private Limited, on February 17, 2026. The new entity has an authorized and subscribed capital of ₹1 crore, fully funded by the parent company in cash. This move marks the company's strategic entry into the educational industry, focusing on upskilling, professional, and vocational training. The subsidiary is intended to create a new revenue vertical for the group beyond its core travel services.
- Incorporation of EaseMyTrip Academy Private Limited as a 100% wholly owned subsidiary
- Total cash investment of ₹1,00,00,000 (₹1 Crore) for 10,00,000 equity shares
- Entry into the educational industry to provide upskilling and vocational training
- The subsidiary is a newly incorporated entity with no prior turnover history
EaseMyTrip's board has granted in-principle approval to raise up to ₹500 crore through equity shares or other eligible securities. The capital is intended to accelerate growth in high-potential segments such as hotels and holiday packages, moving beyond their core air-ticketing business. The company plans to utilize the funds for technology enhancements and strategic opportunities to build an integrated travel ecosystem. This move provides the company with significant financial flexibility to execute long-term expansion plans while maintaining its profitable track record.
- Proposed capital raise of up to ₹500 crore via equity, QIP, rights issue, or preferential allotment.
- Funds earmarked for scaling high-growth segments including hotels, holidays, and technology upgrades.
- Company aims to diversify its revenue mix by strengthening non-air travel categories.
- The fundraise will be executed in one or more tranches subject to regulatory and shareholder approvals.
EaseMyTrip reported a Gross Booking Revenue (GBR) of ₹2,213.2 Cr for Q3 FY26, with revenue from operations reaching ₹151.7 Cr. The company's Dubai operations showed exceptional growth, with GBR rising 133.2% YoY to ₹397.6 Cr. The non-air segment, specifically Hotels and Holiday Packages, saw an 84% YoY increase in room nights booked, now contributing 30.4% to total revenue. Despite growth, EBITDA for the quarter stood at ₹13.9 Cr, reflecting a lean cost model with marketing and sales promotion at just 0.9% of GBR.
- Q3 FY26 Gross Booking Revenue (GBR) reached ₹2,213.2 Cr, while 9M FY26 GBR stood at ₹6,237.7 Cr.
- Dubai operations GBR surged 133.2% YoY in Q3 FY26 to ₹397.6 Cr, indicating strong international traction.
- Hotels and Holiday Packages segment grew 84% YoY to 4.6 Lac room nights, increasing its revenue contribution to 30.4%.
- Maintained operational efficiency with marketing and sales promotion expenses at only 0.9% of GBR.
- Trains and Buses segment saw a 31.9% YoY decline in transactions to 2.4 Lacs in Q3 FY26.
EaseMyTrip reported a Gross Booking Revenue (GBR) of INR 2,213.2 Cr for Q3 FY26, driven by strong performance in international markets and non-air segments. Revenue from operations grew 28.2% sequentially to INR 151.7 Cr, while EBITDA rose 15.2% QoQ to INR 13.9 Cr. The Dubai business was a standout performer, with GBR jumping 133.2% YoY to INR 397.6 Cr. Additionally, the hotel and holiday segment saw an 84% YoY growth in bookings, reaching 4.6 lac for the quarter.
- Gross Booking Revenue (GBR) reached INR 2,213.2 Cr with Revenue from Operations at INR 151.7 Cr
- EBITDA grew 15.2% QoQ to INR 13.9 Cr, maintaining a margin of 8.6%
- Dubai operations GBR surged 133.2% YoY to INR 397.6 Cr, highlighting international expansion success
- Hotel and holiday bookings increased 84% YoY to 4.6 lac, averaging 5,000 room nights daily
- Secured a government mandate to manage pilgrimage travel for 2 lakh devotees under EasyDarshan
Easy Trip Planners has announced an in-principle approval for a fresh fundraise through equity or convertible securities to support growth. The company is also progressing with a previously approved preferential issue of 55.93 crore shares at INR 9.19 each. Financially, the company had to account for an exceptional item of INR 509.57 million due to a provision for recoverable amounts from a GSA airline operator. Expansion remains a focus with the incorporation of EasemyTrip Academy Private Limited.
- In-principle approval granted for raising funds via equity, QIP, or rights issue in multiple tranches.
- Exceptional provision of INR 509.57 million made for deposits and advances due from a GSA airline operator.
- Preferential issue of 55,93,75,249 shares at INR 9.19 per share approved to specific entities.
- 18 subsidiaries reported combined revenue of INR 835.92 million and net profit of INR 32.79 million for Q3.
- New wholly-owned subsidiary EasemyTrip Academy Private Limited to be incorporated for business expansion.
Easy Trip Planners Limited has issued a public announcement regarding the acquisition of 100% of AB Finance Private Limited. The company is issuing equity shares on a preferential basis, which will represent more than 5% of its post-issue share capital. Following NSE directions, the company confirmed that an independent valuation report set the issue price at ₹9.19 per share, including a premium of ₹8.19. This announcement clarifies the regulatory compliance under SEBI Regulation 166A for the ongoing transaction.
- Proposed acquisition of 100% paid-up share capital of AB Finance Private Limited.
- Preferential issue price fixed at ₹9.19 per equity share based on independent valuation.
- Issuance will exceed 5% of the company's post-issue share capital.
- Valuation report provided by Samarth Valuation Advisory LLP as per SEBI Regulation 166A.
- Announcement made following specific directions from the National Stock Exchange (NSE).
EaseMyTrip has announced a seasonal 'Swipe Right Travel Sale' for Valentine's Day, running from February 4th to 10th, 2026. The campaign offers significant discounts across multiple verticals, including up to ₹7,500 off on flights and ₹10,000 off on hotels. To drive transaction volumes, the company has secured partnerships with major banks like ICICI, YES Bank, and PNB for exclusive credit card offers. This move is part of the company's routine marketing strategy to capture seasonal travel demand and boost platform engagement.
- Sale period active from February 4th to February 10th, 2026, using promo code 'EMTLOVE'.
- Discounts offered up to ₹7,500 on flights, ₹10,000 on hotels, and ₹500 on cabs and buses.
- Holiday packages launched with starting prices as low as ₹11,699.
- Strategic partnerships established with 5 major banks and over 25 international and domestic airlines.
- Collaboration with numerous hotel chains including Lemon Tree, The Fern, and Sterling to offer exclusive rates.
EaseMyTrip has entered a strategic partnership with ProXpense to launch an integrated AI-powered corporate travel and expense management ecosystem. The collaboration leverages EaseMyTrip's inventory of 400+ airlines and 2.9 million+ hotels alongside ProXpense's automated expense workflows. This move specifically targets the high-growth SMB and mid-market enterprise segments in India to streamline manual travel booking and reimbursement processes. By embedding policy controls at the point of booking, the company aims to enhance financial governance and capture a larger share of the corporate travel market.
- Integration of EaseMyTrip's inventory of 400+ airlines and 2.9 million+ hotels into ProXpense's AI-first platform.
- Automated expense filing features including OCR receipt scanning and real-time policy compliance checks.
- Seamless integration with HRMS and accounting systems for automated ledger posting and GST-compliant documentation.
- Strategic focus on India's rapidly growing SMB and mid-market enterprises to modernize corporate travel management.
- Aims to eliminate manual processes and bridge the gap between travel booking and financial reconciliation.
Easy Trip Planners Limited has approved the appointment of Mr. Ajay Kumar Chauhan as an Independent Director for a five-year term effective February 24, 2026. Mr. Chauhan is a veteran 1984 batch Indian Revenue Service (IRS) officer with over 40 years of experience in finance, taxation, and regulatory governance. He has previously served as the Principal Chief Commissioner of Income Tax and Director General at the Competition Commission of India. This strategic appointment is expected to strengthen the company's board oversight and corporate governance standards.
- Appointment of Mr. Ajay Kumar Chauhan as Independent Director for a 5-year term starting February 24, 2026.
- Mr. Chauhan is a 1984 batch IRS officer with over 40 years of experience in government departments and regulatory bodies.
- He has held high-profile roles including Principal Chief Commissioner of Income Tax and Director General at the Competition Commission of India.
- The appointment is subject to shareholder approval and was recommended by the Nomination & Remuneration Committee.
- Mr. Chauhan currently serves as an Independent Director at MIDHANI, a strategic CPSE under the Ministry of Defence.
Easy Trip Planners Limited has issued a postal ballot notice to seek shareholder approval for increasing its authorized share capital from ₹500 crore to ₹750 crore. This 50% increase in the capital base involves the creation of 250 crore additional equity shares of ₹1 each. The company is also seeking approval to appoint Mr. Ajay Kumar Chauhan as an Independent Director for a five-year term. The e-voting period for these resolutions is scheduled from January 23, 2026, to February 22, 2026, with results expected by February 24, 2026.
- Proposed increase in Authorized Share Capital from ₹500,00,00,000 to ₹750,00,00,000.
- Creation of 250,00,00,000 additional equity shares of ₹1 each.
- Appointment of Mr. Ajay Kumar Chauhan as an Independent Director for a tenure of 5 years starting February 24, 2026.
- Remote e-voting period spans 31 days, ending on February 22, 2026.
- Consequent alteration to the Capital Clause (Clause V) of the Memorandum of Association.
Easy Trip Planners Limited has approved a significant increase in its authorized share capital to ₹750 crore, consisting of 750 crore equity shares of ₹1 each. The company is also diversifying its operations by incorporating a new wholly-owned subsidiary dedicated to upskilling, professional, and vocational training. Additionally, the board has appointed Mr. Ajay Kumar Chauhan as an Independent Director for a five-year term starting February 24, 2026. These decisions are subject to shareholder approval via a postal ballot process.
- Authorized Share Capital increased to ₹750,00,00,000 (₹750 Crore) divided into shares of ₹1 each
- Incorporation of a new wholly-owned subsidiary for upskilling and vocational training services
- Appointment of Mr. Ajay Kumar Chauhan as Independent Director for a 5-year tenure starting Feb 2026
- Consequent amendment to the Capital Clause of the Memorandum of Association approved
- Board meeting concluded in 25 minutes, signaling quick consensus on strategic shifts
EaseMyTrip has announced its 'Republic Day Travel Sale' scheduled from January 13 to 17, 2026, to capitalize on early-year travel demand. The company is offering significant incentives including up to INR 10,000 off on flights and hotels, with holiday packages starting as low as INR 9,999. Strategic partnerships with major banks like ICICI, AU Bank, and Federal Bank have been established to provide additional booking discounts. This marketing initiative is designed to drive higher transaction volumes and strengthen market share in the competitive OTA space.
- Sale period runs from January 13th to 17th, 2026, targeting the Republic Day holiday window.
- Offers include up to INR 10,000 off on flights and hotels, and up to INR 500 off on cabs and buses.
- Holiday packages for domestic and international destinations launched with prices starting at INR 9,999.
- Partnerships with over 20 airlines and numerous hotel chains including Lemon Tree and Sterling Holidays.
- Bank-led offers integrated with ICICI, AU Bank, BOBCARD, and Federal Bank to incentivize digital payments.
Easy Trip Planners Limited has filed its compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The report, issued by KFin Technologies Limited, covers the quarter from October 1, 2025, to December 31, 2025. It confirms that the company received zero requests for dematerialization or rematerialization of shares during this period. This is a standard procedural filing required for all listed entities in India to ensure share registry accuracy.
- Compliance certificate submitted for the quarter ended December 31, 2025
- KFin Technologies Limited acted as the Registrar and Share Transfer Agent (RTA)
- Zero requests for dematerialization or rematerialization were received during the 3-month period
- Filing confirms adherence to SEBI (Depositories and Participants) Regulations, 2018
Financial Performance
Revenue Growth by Segment
Consolidated Revenue from operations reached INR 587.32 Cr in FY25, a slight decline of 0.55% from INR 590.58 Cr in FY24. However, the Hotel and Holiday packages segment saw explosive growth of 110%, reaching INR 116.25 Cr in FY24-25 compared to INR 55.35 Cr in FY23-24. Air ticketing remains the dominant segment but faces concentration risk. In Q2 FY26, revenue was INR 118.34 Cr, down from INR 144.67 Cr in Q2 FY25.
Geographic Revenue Split
The company is aggressively expanding internationally, with offices in 10 countries including the UAE, UK, USA, and Singapore. The Dubai office achieved a Gross Booking Revenue (GBR) of INR 701.37 Cr in FY25, representing a massive 242.2% growth from INR 204.97 Cr in FY24. International operations now represent a significant growth lever to offset domestic saturation.
Profitability Margins
Net Profit Margin stood at 18.01% in FY25, down from 25.89% in FY24. Operating Profit Margin also declined to 26.73% in FY25 from 37.47% in FY24. The compression is due to increased investments in marketing, employee costs (up 25.2%), and expansion into new verticals. Despite the dip, the company remains one of the only consistently profitable OTAs in India.
EBITDA Margin
EBITDA margin was 26.7% in FY25 (INR 161.22 Cr), a significant decrease from 37.5% (INR 228.19 Cr) in FY24. This 1,080 bps drop reflects higher operational expenses and investments in the 'EaseMyTrip 2.0' phase. For Q2 FY26, EBITDA was INR 12.1 Cr with a margin of 10.2%, impacted by seasonal variations and marketing spend.
Capital Expenditure
The company operates an asset-light model, keeping CAPEX low. Growth is primarily funded through internal accruals. Cash and cash equivalents stood at INR 156.16 Cr as of March 31, 2025, up from INR 100.89 Cr the previous year. Significant investments are directed toward technology upgrades and strategic acquisitions like Spree Hospitality and YoloBus.
Credit Rating & Borrowing
The company maintains a very low Debt-Equity Ratio of 0.05x in FY25, up slightly from 0.02x in FY24. Interest Coverage Ratio remains strong at 25.80x, though it declined from 37.05x YoY due to lower EBIT. Specific credit ratings and interest rate percentages were not disclosed in the provided documents.
Operational Drivers
Raw Materials
As a digital service platform, 'raw materials' consist of service costs related to procurement of travel inventory (7.7% of total expenses) and cost of materials consumed (INR 3.29 Cr, 0.05% of revenue). The primary inputs are airline seats, hotel rooms, and bus/train inventory sourced via aggregators and direct contracts.
Import Sources
Inventory is sourced globally, with a heavy concentration in India for domestic travel. International inventory is sourced through global distribution systems (GDS) and local aggregators in markets like Dubai, Singapore, Thailand, and the UK.
Key Suppliers
Suppliers include over 400 international and domestic airlines, 2.9 million+ hotels worldwide, and Indian Railways (IRCTC). Key partners include hotel aggregators and direct hospitality brands like Spree Hotels.
Capacity Expansion
Current capacity is defined by a network of 72,000+ registered travel agents and a user base of 30 million+ customers. Expansion is focused on non-air verticals (hotels, buses, rail) where online adoption is currently below 20%, providing a large headroom for digital penetration.
Raw Material Costs
Service costs (inventory procurement) were INR 61.57 Cr in FY25, up 24.1% from INR 49.63 Cr in FY24. The company uses an asset-light model to avoid inventory risk, meaning they do not prepay for hotel rooms or flight blocks, protecting them from unsold inventory losses.
Manufacturing Efficiency
Efficiency is measured by the lean team size; for example, the hotel segment is managed by a small team of just 71 people despite handling 2.9 million listings, achieved through high automation and aggregator partnerships.
Logistics & Distribution
Distribution is entirely digital via websites, mobile apps, and a network of 72,000+ agents. Advertising and sales promotion expenses, which drive this distribution, were INR 95.42 Cr in FY25, representing 16.2% of revenue.
Strategic Growth
Expected Growth Rate
43.50%
Growth Strategy
Growth will be driven by the 'EaseMyTrip 2.0' strategy, focusing on diversifying revenue beyond air tickets into hotels (currently 19.8% of net revenue) and international markets like Dubai (242% growth). The company is leveraging its 94% repeat transaction rate to cross-sell holiday packages and insurance. Strategic acquisitions like Spree Hospitality and YoloBus allow entry into high-growth mobility and hospitality sectors without heavy capital investment.
Products & Services
Airline tickets, hotel bookings, holiday packages, rail tickets, bus tickets, air charter services, taxi rentals, travel insurance, visa processing, and activities/attractions tickets.
Brand Portfolio
EaseMyTrip, Spree Hospitality, YoloBus, ScanMyTrip, EMTDesk, EMTMate, Easy Green Mobility.
New Products/Services
ScanMyTrip (ONDC-integrated marketplace), EMTDesk (corporate travel management), and EMTMate (agent enablement platform). These tech-led initiatives aim to capture underserved segments like MICE, weddings, and sports tourism.
Market Expansion
Targeting Tier II and III Indian cities through franchise stores (25 currently) and expanding the international footprint in Saudi Arabia, Brazil, and New Zealand to capture inbound and outbound global travel.
Market Share & Ranking
EaseMyTrip is one of India's largest online travel-tech platforms and the second-largest in terms of air ticket bookings as per industry reports.
Strategic Alliances
Integration with the ONDC network via ScanMyTrip and partnerships with major travel aggregators to provide access to 2.9 million hotels without owning the assets.
External Factors
Industry Trends
The industry is shifting toward 'full-service' travel ecosystems. While air ticketing is mature, hotel and bus online penetration is <20%, offering a high-growth runway. EaseMyTrip is positioning itself as a one-stop-shop to capture this shift.
Competitive Landscape
Competes with other major OTAs in India. EaseMyTrip differentiates through its 'bootstrapped and profitable' status and the absence of convenience fees, which appeals to price-sensitive Indian consumers.
Competitive Moat
The moat is built on a 94% repeat transaction rate and a 'Zero Convenience Fee' model, which creates high customer loyalty and lower acquisition costs. This is sustainable because of the company's industry-leading lean cost structure (asset-light), which competitors with higher overheads struggle to match.
Macro Economic Sensitivity
Highly sensitive to GDP growth and consumer sentiment. A contraction in the Indian economy would lead to a direct reduction in travel volumes, particularly in the premium and holiday segments.
Consumer Behavior
Rising use of discount coupons and a shift toward mobile-app-based bookings (WhatsApp-based bookings and AI chat support) are key trends the company is capitalizing on.
Geopolitical Risks
International expansion into markets like the Middle East and USA makes the company susceptible to visa policy changes, regional conflicts, and trade barriers that could disrupt international flight routes.
Regulatory & Governance
Industry Regulations
Operations are subject to Ministry of Civil Aviation norms, IRCTC regulations for rail ticketing, and local tourism laws in international jurisdictions like Dubai and Singapore.
Environmental Compliance
The company has entered the electric mobility space through 'Easy Green Mobility,' signaling a shift toward supporting sustainable travel options.
Taxation Policy Impact
The effective tax rate for FY25 was approximately 24% (Tax expense of INR 34.33 Cr on PBT of INR 142.98 Cr).
Legal Contingencies
The company manages standard business litigation; however, no specific high-value pending court cases or labor disputes with INR values were disclosed in the provided documents.
Risk Analysis
Key Uncertainties
Seasonality is a major risk; revenue peaks in Q1 (summer) and Q3 (winter), leading to potential inconsistency in quarterly earnings. Technological obsolescence is also a risk if the company fails to keep pace with AI and digital booking trends.
Geographic Concentration Risk
While expanding, the company still derives the majority of its revenue from the Indian market. Within India, it is now focusing on Tier II and III cities to reduce metropolitan concentration.
Third Party Dependencies
High dependency on GDS providers and airline carriers. Any technical failure in these third-party systems would halt the company's ability to process bookings.
Technology Obsolescence Risk
The company mitigates this through a dedicated in-house tech team and innovations like ScanMyTrip (ONDC) and AI-powered chat support to ensure the platform remains competitive.
Credit & Counterparty Risk
Receivables quality is generally high as most B2C transactions are prepaid. B2B2C and B2E segments carry some credit risk, managed through agent deposits and corporate credit limits.