EaseMyTrip Q1 profit plunges 99% YoY

[iNokia]

EaseMyTrip Q1: Profit Crashes 99% YoY to INR 44 Lakh

EaseMyTrip saw its consolidated net profit plunge about 99% to INR 44.3 Lakh in Q1 FY26 from INR 33.9 Cr in the year-ago quarter

inc42.com

Surprising decline. However I also haven't found a good deal on booking flights through them for the past year. Goibibo usually gave the best rate. Ofcourse it would differ for everyone else.

 

[HumorSimpson]

Surprising decline. However I also haven't found a good deal on booking flights through them for the past year.

Aren't those contradicting ? May be many are not using it and hence the decline.

 

[iNokia]

Aren't those contradicting ? May be many are not using it and hence the decline.

I only talked about my experience with flights. I personally never go for packages and I skipped hotels. But overall Indian aviation has been booming and tourism too.

 

[Half Human]

Aren't those contradicting ? May be many are not using it and hence the decline.

The decline is due to competition from multiple OTA's, Co-branded CC, and a slow down, leading to declined topline.

Most important to note is that Pitti's are aggressively acquiring companies at god-knows-what-logic, leading to massive let down on the bottom-line.

Something is messy at the company - more than what meets the eyes. From rs 70's to 10.

I am invested in the company for long. Have removed my entire invested amount, kept the profit as free shares, let's see where it goes.

One thing for sure, this is a good time to accumulate in small trench.

It may go the thomas cook, yes bank, balmer&laurie way. But odds of rise are higher than fall, when the stock has plummeted 80+%

 

[BhaiyaJi]

Company Gensol jaisa kaam kar rahi, aisa lagta hai

 

[Half Human]

Company Gensol jaisa kaam kar rahi, aisa lagta hai

Beg to differ. EMT has been there in the oTA for a very long time. Had given the Indian subsidiary of MMT a run for their money during their prime.
Now what they are aggressively doing - may or may not be like a gensol thing. IDK. But EMT is still one of the prominent OTA's out there. Bigger than the listed peer - yatra

 

[hellowo₹ld]

EMT
MMT
Goibibo
Yatra


any other similar apps?

 

[iNokia]

ixigo.
apparently mmt acquired goibibo back in 2016.

EMT
MMT
Goibibo
Yatra


any other similar apps?

 

[BhaiyaJi]

EMT
MMT
Goibibo
Yatra


any other similar apps?

cleartrip . . .

 

[sunit123]

In last 2 years, promoters have decreased their holding by around 27% & FII's have zero interest in this stock...I am not sure why people are still invested...If promoters have NO confidence in company then it is clear sign that they are also aware of company's bad shape.

 

[Thomas244]

Not surprised , it’s expected with poor customer support