EaseMyTrip Q3 FY26: Income ₹161 Cr, GBR ₹2,213 Cr

Board clears December-quarter results under LODR

Easy Trip Planners Ltd (EaseMyTrip) informed the stock exchanges that its Board of Directors met on February 14, 2026, to consider and approve unaudited standalone and consolidated financial results for the quarter ended December 31, 2025. The company also referred to the related limited review report from the statutory auditors.

Separately, the company noted compliance-related publication, stating that newspaper clippings carrying the unaudited financial results for the quarter and nine months ended December 31, 2025 were published in Financial Express (English) and Jan Satta (Hindi) on February 15, 2026.

Press release highlights: gross booking revenue and EBITDA

In its communication, EaseMyTrip reported gross booking revenue (GBR) of ₹2,213 crore for Q3 FY26. The company also said EBITDA grew 15% quarter-on-quarter, citing strong performance in international markets and the hotel vertical.

Alongside the press release narrative, the company’s quarterly financial summary disclosed EBITDA of ₹13.91 crore for Q3 FY26.

Q3 FY26 topline: strongest QoQ growth in three years

For Q3 FY26 (quarter ended December 31, 2025), Easy Trip Planners reported consolidated total income of ₹161.30 crore. This was a quarter-on-quarter increase of 27.6% from ₹126.46 crore in Q2 FY26, and a year-on-year increase of 4.9% from ₹153.81 crore in Q3 FY25.

The company also highlighted that the QoQ revenue growth of 27.55% was the highest in the last three years, based on consolidated financials.

Expenses rose sharply versus last year

Total expenses for Q3 FY26 were reported at ₹153.24 crore, up 27.3% QoQ from ₹120.34 crore in Q2 FY26. On a YoY basis, expenses rose 42.4% from ₹107.59 crore in Q3 FY25.

The expense trajectory mattered because it coincided with a much smaller reported profit for the quarter compared with the year-ago period.

Profitability: swing from Q2 loss, but YoY pressure

Profit before tax (PBT) for Q3 FY26 stood at ₹8.06 crore, recovering from a loss of ₹44.83 crore in Q2 FY26. However, it was down 82.6% from ₹46.23 crore in Q3 FY25.

Profit after tax (PAT) for Q3 FY26 was ₹3.41 crore, improving from a loss of ₹36.04 crore in Q2 FY26, but down 90.0% from ₹34.03 crore in Q3 FY25. Earnings per share (EPS) for the quarter was ₹0.02, compared with ₹-0.09 in Q2 FY26 and ₹0.09 in Q3 FY25.

Exceptional item linked to UDAAN airline receivable provision

The company disclosed an exceptional item connected to a provision created in the previous quarter for the entire balance recoverable from a scheduled passenger airline operator under the UDAAN scheme, amounting to ₹50.96 crore.

As described, this exceptional item affected the quarter’s profit calculation before tax, and management stated it was actively pursuing recovery.

Nine-month consolidated and standalone snapshot

For the nine months ended December 31, 2025, consolidated total income was reported at ₹407.45 crore. Consolidated net profit after tax (NPAT) for the same nine-month period was ₹94.75 crore, compared with ₹108.66 crore in the previous year period.

On a standalone basis, net profit after tax for the nine months ended December 31, 2025 was ₹95.60 crore, compared with ₹102.00 crore in the previous year, while standalone revenue from operations was ₹329.34 crore.

Fund-raise proposal gets in-principle nod

Along with approving the unaudited results, the Board in-principle approved a proposal to raise funds through issuance of equity shares or other convertible securities. The company indicated possible routes including a rights issue or a QIP, subject to required approvals.

In another corporate update included in the material, the company noted that on November 4, 2025, approval was granted for preferential issuance of approximately 559.38 million fully paid-up equity shares at ₹9.19 per share, subject to shareholder approval.

Share price update cited in the filing

The disclosure also carried a trading update: Easy Trip Planners’ share price moved down 0.70% from its previous close of ₹8.68, with the stock last traded at ₹8.62.

Cost structure indicators from FY25

Based on consolidated financials for the year ended March 31, 2025, the company stated it spent less than 1% of operating revenues towards interest expenses, and 17.51% towards employee cost.

Key numbers at a glance

Additional disclosed figures (9M and other items)

Why the update matters for investors

The December-quarter update combined two different lenses on performance. The press release pointed to a higher gross booking revenue figure and a sequential rise in EBITDA, while the statutory financial summary showed that profit in Q3 FY26 was materially lower than the year-ago quarter.

The company’s disclosures also put focus on items beyond quarterly operations, including an exceptional item tied to an airline receivable under UDAAN and the Board’s in-principle approval for raising funds through equity or convertible instruments, subject to approvals.

What to watch next

Investors will track follow-through on the proposed fund raise and any further updates on recovery actions linked to the UDAAN-related receivable provision. Subsequent quarters will also be watched for whether the revenue momentum signaled by Q3’s QoQ growth sustains alongside expense trends reported in the same period.