Easy Trip Plann. Q1 FY27 Results (NSE: EASEMYTRIP)
Signal: Slipped to loss
The read
The operating inflection is real but incomplete: consolidated revenue recovered 18.4% YoY to ₹1347.06 million and EBITDA margin improved 1130bps QoQ to -4.7%, yet the group still lost ₹116.88 million because air passage and other services remained loss-making; hotel-package momentum is not yet translating into consolidated profitability.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹134.71 Cr | 18.4% | -11.3% |
| EBIT | ₹-10.36 Cr | N/A | |
| Net profit | ₹-11.41 Cr | N/A | |
| EPS | ₹-0.03 | N/A | |
| EBIT margin | -4.7% |
P&L walk
Revenue increased to ₹1347.06 million, +18.4% YoY but -11.3% QoQ, led by hotel packages; the ₹-63.10 million EBITDA loss improved from the prior quarter but remained negative, while finance costs fell 19.3% QoQ and the group reported a ₹-116.88 million PAT loss.
Segments
Hotel packages drove the recovery with revenue up 107.8% YoY to ₹676.28 million and segment loss narrowing to ₹-1.00 million from ₹-5.86 million, while air passage remained the main drag with ₹-94.33 million of segment loss and other services contributed ₹-33.51 million of loss.
Key positives
- Hotel packages revenue rose 107.8% YoY to ₹676.28 million, and its segment loss narrowed to ₹-1.00 million from ₹-5.86 million YoY.
- Consolidated EBITDA loss narrowed to ₹-63.10 million from the prior quarter's approximately ₹-243.05 million, lifting EBITDA margin from -16.0% to -4.7% QoQ.
- Finance costs declined 19.3% YoY to ₹10.55 million and 45.2% QoQ, reducing pressure below EBITDA.
Key concerns
- Revenue growth was mix-dependent: air passage revenue fell 3.8% YoY to ₹547.46 million and other services fell 49.3% to ₹123.32 million.
- Consolidated EBITDA remained negative at ₹-63.10 million and PAT remained negative at ₹-116.88 million despite 18.4% YoY revenue growth.
- Standalone revenue grew 41.1% YoY to ₹811.93 million but standalone PAT was still ₹-80.84 million, indicating that the parent platform itself has not restored profitability.
Research and educational content only. Not investment advice.