Yatra Online Earnings Call Transcripts
Fiscal Year 2026
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Q3 FY2026 saw 10% revenue growth year-on-year, driven by strong air ticketing and hotel bookings, despite airline disruptions impacting MICE and corporate travel. Significant headroom remains in corporate travel, with new tech solutions and aggressive go-to-market strategies supporting future growth.
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Revenue grew 48.5% year-over-year with strong gains in both corporate and consumer travel, driving a return to profitability and exceeding guidance. Digital adoption, new client wins, and enhanced technology offerings support a positive outlook, while restructuring efforts continue.
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Q1 FY2026 saw revenue nearly double and adjusted EBITDA surge 214% year-over-year, driven by strong corporate travel and Hotels and Packages growth, despite macro headwinds. Cash reserves increased, and restructuring is expected to yield tax savings.
Fiscal Year 2025
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FY25 revenue surged 90% year-over-year to INR 7.9 billion, with strong growth in corporate travel and MICE segments. Adjusted EBITDA rose 28%, and net profit turned positive. FY26 guidance targets 20% gross margin and 30% EBITDA growth, supported by ongoing tech innovation and Globe Travels synergies.
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Revenue grew 113% year-over-year, led by Hotels, Packages, and Corporate Travel, with adjusted EBITDA up 173%. Strong client additions, Globe integration, and margin expansion offset B2C air headwinds. Liquidity remains robust and outlook is positive.
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Revenue surged 151% year-over-year to INR 2.36 billion, driven by strong organic growth and the Globe Travels acquisition. Hotels, packages, and MICE segments outperformed, while B2C air faced ongoing price competition. Adjusted EBITDA rose 91% year-over-year.
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Revenue declined 5% year-over-year to INR 1,051 million, with B2C air ticketing volumes down due to supply constraints and price competition, while the corporate segment showed robust growth. Adjusted EBITDA fell to INR 65.6 million, but strong liquidity and strategic investments in corporate travel and new products position the company for future growth.