EaseMyTrip Shares Hit Fresh 52-Week Low Post Q3 Results

SUMMARY

Its consolidated profit after tax (PAT) slumped 26% to INR 34.02 Cr in Q3 FY25 from INR 45.68 Cr in the year-ago quarter. This was accompanied by a degrowth in its top line, with operating revenue sliding 6% to INR 150.56 Cr in Q3 FY25 from INR 160.78 Cr in the same quarter last year

In its last 11 trading sessions, 10 have ended in the red

While the shares have delivered a negative return of 17.20% over the last month at the current market price, it has lost 53.16% over the last year

Travel tech company EaseMyTrip’s shares dipped as much as 5% to record a fresh 52-week low of INR 11.35 during early trading hours on the BSE today (February 17), after it announced its Q3 result on February 14 (Friday’s trading session).

However, the penny stock later shed some loss to trade 2.1% lower at INR 11.68 at 10:45 AM.

At this point, the company’s market capitalisation stood at INR 4,153.66 Cr, with as many as 2.2 Cr shares changing hands. The stock reported its 52-week high figure of INR 25.9 apiece almost a year ago on February 27, 2024.

The silver lining remained that this was the third consecutive profitable quarter for Easemytrip and its PAT jumped 27% on a quarter-on-quarter basis from INR 26.79 Cr in the last quarter. On a sequential basis, its revenue too rose 4% from INR 144.67 Cr.

In its last 11 trading sessions, 10 have ended in the red. However, the stock has given a price-to-earnings (PE) ratio of 55.51 against the sectoral PE of 25.02.

The stock has performed badly in the short and long-term periods. While the shares have delivered a negative return of 17.20% over the last month at the current market price, it has lost 53.16% over the last year.

Founded in 2008 by brothers Nishant Pitti, Rikant Pitti, and Prashant Pitti, EaseMyTrip is an online travel agency that primarily earns revenue through air ticket bookings, hotel packages, buses, trains, and others.

Revenue from the air ticketing business slumped over 22% to INR 97.65 Cr in the reported quarter from INR 125.71 Cr in Q3 FY24. On a QoQ basis, it grew nearly 6% from INR 92.53 Cr.

Revenue from the hotels and packages segment surged 57% to INR 32.80 Cr in this Q3 from INR 20.89 Cr in the corresponding period last year. Revenue from this business was flat on a sequential basis.

The company’s gross booking revenue (GBR) stood at INR 2,148.86 Cr during the quarter ended December 2024. While hotel night booking on the platform zoomed 172% year-on-year to 2.5 Lakh, bookings in the train, buses and others segment grew 32% YoY to 3.6 Lakh.

Today’s stock dip aligns with the broader dip in the Indian benchmark indices today. At 11 AM, BSE Sensex was trading at 75,775.50, down 183.80 points or 0.24% while Nifty50 was at 22,882.90, down 47 points or 0.20%.

The Indian equities market has seen a sharp decline in 2025 so far, led by FII outflows (with over $10 Bn exiting Indian equities this year), slowing growth, weaker-than-expected earnings, a weakening rupee, and elevated valuations. In line with the broader market, the market cap of the 32 new-age tech stocks under Inc42’s coverage also fell by about $5 Bn last week (February 9-14).