[[{“value”:”
Online travel aggregator (OTA) EaseMyTrip (EMT) fell into the red in Q2 FY26, reporting a net loss of INR 36 Cr against a net profit of INR 26.8 Cr in the year-ago quarter. The company reported a net profit of INR 44.3 Lakh in the previous quarter.
The company’s operating revenue fell 18% to INR 118.3 Cr from INR 144.7 Cr top line reported in the previous year quarter. On a sequential basis, the OTA’s top line improved 4% from INR 114 Cr reported in the June quarter.
Including an other income of INR 8.1 Cr, the company’s total income stood at INR 126.5 Cr. Meanwhile, total expense rose 7% YoY to INR 120.3 Cr.
In the quarter under review, the company’s bottom line was impacted by an exceptional item loss of INR 51 Cr. The exceptional item pertains to a general sales agent (GSA) agreement that EMT had entered with a scheduled passenger airline operator under the UDAAN scheme of Indian governemnt in January 2022.
“The Company had given advance adjustable against ticket sales and refundable GSA deposit, and the agreement with subsequent addendums was extended to March 31, 2028. As at September 30, 2025, the total amount recoverable from the operator amounts to INR 50.96 Cr, comprising deposits, advances, and receivables,” EMT said.
(The story will be updated shortly.)
The post EaseMyTrip Slips Into The Red In Q2, Posts INR 36 Cr Loss appeared first on Inc42 Media.
“}]]
Read More Latest Startup News From The Indian Startup Ecosystem – Inc42 Media