Easy Trip Planners reports FY26 net loss of ₹475.97 million

2 min read     Updated on 31 May 2026, 03:06 AM
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AI Summary

Easy Trip Planners reported a consolidated net loss of ₹475.97 million for FY26, a sharp reversal from the previous year's profit, driven by exceptional provisions of ₹509.57 million related to an airline operator. Revenue from operations fell to ₹5,356.96 million. The board approved a rights issue worth up to ₹5,000 million and a preferential allotment of equity shares.

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easy trip planners reported a consolidated net loss of ₹475.97 million for the financial year ended March 31, 2026, compared to a net profit of ₹1,086.56 million in the previous year. The company's revenue from operations for FY26 stood at ₹5,356.96 million, a decline from ₹5,873.24 million in FY25. The financial performance was significantly impacted by exceptional items amounting to ₹509.57 million, primarily due to a provision made for deposits, advances, and receivables from a scheduled passenger airline operator under the UDAAN scheme.

Financial Performance

For the quarter ended March 31, 2026, the company reported a net loss of ₹154.10 million on a consolidated basis. Revenue from operations for the quarter was ₹1,519.08 million. On a standalone basis, the net loss for FY26 was ₹474.45 million, with revenue from operations at ₹2,851.20 million. The statutory auditors, Walker Chandiook & Co LLP, issued an unmodified opinion on the audited financial results.

Exceptional Items and Provisions

The company recorded exceptional items totaling ₹509.57 million in the consolidated results for the year. This included an impairment of investment in a subsidiary amounting to ₹30.00 million and a full provision for the balance recoverable from an airline operator, totaling ₹509.57 million. Additionally, the company recognized a deferred tax credit of ₹99.29 million on the provision made for these deposits, advances, and receivables.

Subsequent Events

The Board of Directors approved the issuance of equity shares on a rights basis for an amount not exceeding ₹5,000.00 million in a meeting held on May 13, 2026. Furthermore, on May 26, 2026, the board approved the allotment of 34,77,98,677 equity shares at ₹9.19 per share, including a premium of ₹8.19, on a preferential basis against non-cash consideration.

Segment Performance

The Air Passage segment reported revenue of ₹3,062.32 million for the year, while Hotel Packages revenue stood at ₹1,683.19 million. The Other services segment contributed ₹611.45 million to the total revenue. Total assets as of March 31, 2026, were ₹12,083.56 million on a consolidated basis, compared to ₹11,539.34 million in the previous year.

Metric Q4 FY26 (₹ Million) FY26 (₹ Million) FY25 (₹ Million)
Consolidated Revenue from Operations 1,519.08 5,356.96 5,873.24
Consolidated Net Profit/(Loss) (154.10) (475.97) 1,086.56
Standalone Revenue from Operations 903.98 2,851.20 4,032.35
Standalone Net Profit/(Loss) (91.63) (474.45) 1,020.00

The information regarding the financial results has been hosted on the company's website. The intimation was signed by Priyanka Tiwari, Group Company Secretary and Chief Compliance Officer.

Historical Stock Returns for Easy Trip Planners

1 Day5 Days1 Month6 Months1 Year5 Years
-3.37%-10.72%-9.60%+0.28%-36.36%-21.41%

How does the company plan to recover the ₹509.57 million provision made for the airline operator under the UDAAN scheme?

What strategic initiatives will be undertaken to reverse the revenue decline seen in the Air Passage and Hotel Packages segments?

How will the ₹5,000 million rights issue and preferential allotment impact the company's capital structure and shareholder value?

Easy Trip Planners allots 34.7 crore shares for ₹319.6 crore

1 min read     Updated on 28 May 2026, 01:53 AM
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Suketu GScanX News Team
AI Summary

Easy Trip Planners Limited's Board approved the preferential allotment of 34.7 crore equity shares to four non-promoters for ₹319.6 crore via non-cash consideration. Additionally, the company mutually terminated a Share Purchase Agreement with AB Finance Private Limited and other parties, confirming no impact on operations.

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Easy Trip Planners Limited has approved the preferential allotment of 34,77,98,677 fully paid-up equity shares to four non-promoter entities for a total consideration of ₹319,62,80,000. The Board of Directors also mutually terminated the Share Purchase Agreement (SPA) executed with AB Finance Private Limited and its selling shareholders in November 2025, stating there is no impact on the company from this decision.

Preferential Allotment Details

The allotment was approved during a board meeting held on May 26, 2026. The shares, with a face value of INR 1 each, were issued to Mr. Divyank Singhal, Levo Beauty Private Limited, SSL Nirvana Grand Golf Developers Private Limited, and Javaphile Hospitality Private Limited. The entire consideration of ₹319,62,80,000 was received through non-cash transactions.

Name of the Allottee Category Number of Equity Shares Consideration (INR)
Mr. Divyank Singhal Non-Promoter Individual 19,04,24,360 175,00,00,000 (non-cash)
Levo Beauty Private Limited Non-Promoter Company 2,66,59,411 24,50,00,000 (non-cash)
SSL Nirvana Grand Golf Developers Private Limited Non-Promoter Company 10,93,87,377 100,52,80,000 (non-cash)
Javaphile Hospitality Private Limited Non-Promoter Company 2,13,27,529 19,60,00,000 (non-cash)
Total 34,77,98,677 319,62,80,000

Termination of Share Purchase Agreement

The Board approved the mutual termination of the SPA originally executed on November 4, 2025, between the company, AB Finance Private Limited, Dhankalash Distributors Private Limited, Mr. Sunil Jain, and Mr. Ashish Begwani. The parties mutually decided to withdraw from the transaction. The disclosure was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the relevant SEBI Master Circular dated January 30, 2026.

Historical Stock Returns for Easy Trip Planners

1 Day5 Days1 Month6 Months1 Year5 Years
-3.37%-10.72%-9.60%+0.28%-36.36%-21.41%

What specific assets or services did Easy Trip Planners receive in exchange for the non-cash consideration?

How will the significant equity dilution from the preferential allotment impact existing shareholders?

What strategic value do the new non-promoter allottees bring to the company's future operations?

More News on Easy Trip Planners

1 Year Returns:-36.36%