Its shares jumped 12% today to hit a high of Rs 10.60 on the NSE, with over 54.81 crore shares changing hands on the NSE around 2 pm.
The stock has rebounded from its 52-week low of Rs 6.12, hit on January 27.
“The proposed capital raise is intended to support EaseMyTrip’s expansion across high-potential segments, particularly in hotels and holidays, while also enabling continued investments in technology, platform enhancement, and strategic opportunities aligned with its long-term business priorities. The move is aimed at providing additional flexibility to execute growth initiatives while maintaining a disciplined approach to capital allocation,” the company’s Saturday filing to the exchanges said.
The move was announced along with company’s December quarter earnings.
Also read: Ola’s 63% IPO crash isn’t the whole story, as 9 have fared worse; 100+ stocks are wealth destroyers
The Nishant Pitti-founded company reported a consolidated net profit of Rs 5.85 crore in Q3FY26 against a Rs 33 crore loss in the July-September quarter of FY26. However, its profit after tax (PAT) narrowed year-on-year from 34 crore in Q3FY25.Revenue from operations stood at Rs 152 crore in the quarter under review versus Rs 151 crore in the year-ago period, a marginal growth. The topline grew 29% sequentially versus Rs 118 crore.
The company’s gross booking revenue stood at Rs 2,213.2 crore while its Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) stood at Rs 14 crore.
Listed on March 19, 2021, EaseMyTrip shares have been big underperformers. The stock has plunged 95% from its issue price of Rs 187 apiece. It was listed at a 13% premium on the NSE at Rs 212.
Also read: SBI’s 70% rally narrows valuation gap with HDFC Bank, ICICI — buy, hold or book profits?
(Disclaimer: The recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times.)