EaseMyTrip Plunges Into Red, Logs June Quarter Net Loss at 11.69 Cr

New Delhi: Travel booking platform EaseMyTrip reported a net loss of Rs 11.69 crore on a consolidated basis in the first quarter ended June.

The company had posted a net profit of Rs 44.3 lakh in the corresponding year-ago period, the company said in a regulatory filing on Friday.

During the April-June quarter under review, EaseMyTrip’s revenue from operations rose to Rs 134.7 crore, from Rs 113.79 crore in the same period last year.

However, its total expenses also shot up to Rs 152.7 crore during the quarter, from Rs 117.66 crore a year ago.

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