EaseMyTrip board clears ₹500 Cr rights issue as Q3 profit craters 90%
Online travel platform will deploy capital toward hotels and holidays expansion, tech upgrades, and acquisitions. Move comes against a troubled backdrop: Q3 FY26 net profit collapsed 90% YoY to ₹3.4 Cr, promoter pledge sits at 98.89%, and mutual funds have been exiting. Operating revenue ₹151.7 Cr (+28% QoQ).
What happened
EaseMyTrip's board approved a ₹500 Cr rights issue to fund hotels/holidays expansion, tech upgrades, and acquisitions, amid 90% YoY profit drop, leadership
Key facts
- ₹500 Cr rights issue
- $52 Mn
- Q3 FY26 net profit ₹3.4 Cr (-90% YoY)
- operating revenue ₹151.7 Cr (+0.7% YoY, +28% QoQ)
- promoter pledge 98.89%
- share price ₹8.23 (+4.18%)
Why this matters
Expect EaseMyTrip to surface as an opportunistic acquirer in hotels/holidays sub-scale assets, but counterparty risk from the pledge overhang and earnings volatility will pressure deal terms.