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).
EaseMyTrip's board approved a ₹500 Cr rights issue to fund hotels/holidays expansion, tech upgrades, and acquisitions, amid 90% YoY profit drop, leadership churn, promoter stake pledges, and mutual fund exits.