EaseMyTrip's Q1 FY27 showed strong q1 fundamemntals

EaseMyTrip's Q1 FY27 showed strong business growth, but profitability remains the biggest concern. Gross Booking Revenue (GBR) increased 14.8% YoY to ₹2,371 crore, while revenue from operations rose 18.4% to ₹134.7 crore. Dubai operations were particularly strong, with GBR growing 45.2% YoY to ₹461.8 crore, while hotel room-night bookings almost doubled 95.4% to 6.47 lakh nights. The major negative is that growth has not yet translated into profits. Q1 FY27 consolidated EBITDA turned negative at around ₹12.9 crore, compared with a small profit in Q1 FY26, while PAT was a loss of about ₹11.7 crore versus a ₹0.4 crore profit a year earlier. Expenses grew faster than revenue, putting pressure on margins. On the positive side, EaseMyTrip is expanding beyond its traditional flight-booking business. Hotels, holidays and international operations are becoming important growth drivers. The company is also investing in AI-based travel products, including EVA, its AI travel assistant, and ReSave, which automatically tracks eligible post-booking fare reductions and passes savings to customers