Easy Trip Planners Limited has informed the Exchange regarding Board meeting held on August 14, 2025.
EASEMYTRIP · price
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Awaiting price reaction for this filing.
Easy Trip Planners (EaseMyTrip) reported weak Q1 FY26 results with consolidated revenue from operations falling to ₹1,137.91M from ₹1,526.02M YoY (down ~25%), and consolidated PAT collapsing to just ₹4.43M from ₹339.29M (down ~99%). Standalone revenue halved to ₹575.62M from ₹1,059M, with standalone profit dropping to ₹15.19M from ₹342.91M. The Board approved three share-swap-based deals: ₹175 Cr for 50% of Three Falcons Notting Hill Limited, ₹1,944.39M for 100% acquisition of AB Finance Private Limited, and in-principle approval for an investment in Vashu Bhagnani Industries Limited. The company also disclosed an April 2025 Enforcement Directorate search at its premises and a co-founder's residence, where no incriminating material was reportedly found, only ₹0.70 lakh in cash seized.
Sharp YoY collapse in both revenue and profit raises serious concerns about the core travel business's near-term health, though the three share-swap acquisitions signal an aggressive diversification push that will dilute existing shareholders. The statutory auditor has changed from S.R. Batliboi & Associates LLP to Walker Chandiok & Co LLP, which is worth monitoring. Stock may face short-term pressure given weak operating performance offset by growth optionality from the new acquisitions.