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Yatra Online Results: Latest Quarterly Results & Analysis

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Yatra Online Ltd. 11 Nov 2025 15:56 PM
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Q2FY26 Quarterly Result Announced for Yatra Online Ltd.

Travel Support Services company Yatra Online announced Q2FY26 results

Q2FY26 Financial Highlights:

  • Revenue Rs 3,509 million YoY Growth: 48%.
  • EBITDA Rs 248 million YoY Growth: 125%.
  • EBITDA Margin: 20% for Q2FY26.
  • Net Profit Rs 143 million YoY Growth: 96%.

Business Highlights:

  • Revenue less Service Costs (RLSC) (Gross Margin) grew 34% YoY to Rs 1,257 million in Q2FY26 demonstrating the strength of our diversified business model.
  • Yatra signed 34 new customers in the corporate business with annual billing potential of Rs 2.6 billion.
  • Cash and cash equivalent and term deposit stands at Rs 2,139 million as on 30th September 2025 and our gross debt has decreased from Rs 546 million as on 31st March 2025 to 211 million as on 30th September 2025, reflecting our strong liquidity position.

Dhruv Shringi, Whole Time Director & Chief Executive Officer, said: “I am pleased to report that for the second-quarter we delivered robust financial and operational performance, significantly exceeding annual growth guidance despite a reduction in the overall domestic aviation industry in India. This success is driven by sustained momentum in business travel demand and effective execution across our platforms.

The MICE business continues to excel, establishing Yatra as a dominant market player in India. Despite volume pressures in B2C air ticketing, the diversified revenue mix, including Hotels & Packages and MICE, successfully mitigated challenges.

Integration of Globe Travels has delivered supplier synergies, technology innovation, and cross-selling opportunities, enhancing client offerings.

Looking ahead, we remain focused on scaling high-margin segments, deepening technology capabilities, and driving sustainable long-term value for stakeholders. On the back of the strong momentum we are also raising our Adjusted EBITDA guidance for the full year from the current growth guidance of 30% to a revised growth guidance of 35% - 40%.

I extend my sincere thanks to our dedicated team, trusted partners, and supportive shareholders.”

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Travel Support Services company Yatra Online announced Q1FY26 results

  • Revenue Rs 2,098 million YoY, growth: 108%.
  • EBITDA Rs 242 million YoY, growth: 247%.
  • EBITDA Margin 21% for Q1FY26.
  • Net Profit Rs 160 million YoY, growth: 296%.

Dhruv Shringi. Whole Time Director & Chief Executive Officer, said: “I am pleased to share that our first-quarter performance delivered strong financial and operational results, with growth rates in the quarter well ahead of our annual guidance, despite the disruption in travel in India on account of the cross-border tension and the unfortunate air crash in June 2025. Our performance is driven by continued momentum in business travel demand and solid execution across our platform. Revenue growth was driven by a higher corporate travel mix and a higher share of hotels and packages, which combined with disciplined cost management, enabled us to deliver a 247.0% increase in EBITDA and an almost 4x growth in PAT. These results affirm the strength of our strategic positioning and our ability to scale profitably. As we look ahead, we remain focused on driving sustainable growth, enhancing shareholder value, and expanding our competitive edge in the global travel ecosystem.”

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Travel Support Services company Yatra Online announced Q4FY25 & FY25 results

Q4FY25 Financial Highlights:

  • Yatra delivered a growth of 103% YoY in revenue of Rs 2,190 million for Q4FY25, driven by continued momentum across key segments, including for a large part the Hotels and Packages business as well as the MICE business, and the inorganic contribution from the Globe Travels acquisition.
  • Revenue less Service Costs (Gross Margin) grew 28% YoY to Rs 1,094 million in Q4FY25 demonstrating the strength of our diversified business model
  • Adjusted EBITDA surged 62% YoY to Rs 251 million in Q4FY25, reflecting our disciplined focus on profitable growth and cost optimization
  • EBITDA (Adjusted EBITDA – ESOP Cost) grew by 114% YoY to Rs 232 million in Q4FY25
  • Net Profit grew by 173% to Rs 152 million in Q4FY25, which was the highest quarterly reported PAT in Yatra’s history.

FY25 Financial Highlights:

  • FY25 Revenues grew by 87% YoY to Rs 7,914 million.
  • Full year gross margin increased by 15% YoY to Rs 3,875 million in FY25.
  • Full year Adjusted EBITDA increased by 25% YoY to Rs 667 million in FY25.
  • EBITDA (Adjusted EBITDA – ESOP Cost) grew by 105% YoY to Rs 558 million in FY25.
  • FY25 Net Profit grew by 912% YoY to Rs 366 million.
  • Yatra’s cash, cash equivalents and term deposit stands at Rs 1,906 million as on 31st March 2025, while gross debt reduced from Rs 638 million as on 31st March 2024 to 546 million as on 31st March 2025.
  • Yatra continued to expand its corporate client base and closed 35 new corporate accounts during the quarter with potential annual billing of Rs 1,430 Million.

Commenting on the results, Whole Time Director cum Chief Executive Officer, Dhruv Shringi stated: “We ended fiscal year 2025 on a strong note, driven by the growth in our MICE business and the inorganic contribution from the Globe Travels acquisition. Our strong full-year revenue growth reflects the momentum we’ve built across our Corporate Travel and MICE businesses, which have been pivotal in navigating a competitive landscape. Notably, our profitability metrics underscore our disciplined execution: EBITDA for the full year grew 105% YoY, reflecting our ability to optimize costs and capitalize on high-growth opportunities.

As we look ahead to fiscal 2026, we are encouraged by the momentum across our business. Strong corporate client acquisition, continued growth in our MICE segment, and ongoing investment in our proprietary technology platform including AI-powered personalization and booking tools position us well for the next phase of growth.

We are introducing preliminary guidance for FY26, projecting approximately 20% growth in Revenue Less Service Costs (RLSC) and 30% year-over-year growth in Adjusted EBITDA, driven by three pillars: expansion in corporate travel, continued scaling of MICE and Hotels and Packages, and full cost synergies from Globe Travels.

We remain focused on advancing our strategic priorities: scaling high-margin verticals, deepening our technology edge, and creating sustainable long-term value for our stakeholders.”

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Travel Support Services company Yatra Online announced Q3FY25 results

  • Revenue from operations grew by 113% YoY to Rs 2,353 million, with continued momentum across key segments, including for a large part the Hotels and Packages business (up 66% YoY) and contribution from the MICE segment. The results for the quarter also include contribution from Globe All India Services Limited (GAISL), which was acquired back on September 11, 2024.
  • Revenue less Service Costs (RLSC) (Gross Margin) grew 25% YoY to Rs 1041 million demonstrating the strength of our diversified business model.
  • Adjusted EBITDA surged 75% YoY to Rs 175 million, reflecting our disciplined focus on profitable growth and cost optimization. As a result of the foregoing factors, our profit was up 845% YoY to Rs 100 million.
  • Yatra closed a record 50 new corporate accounts during the quarter with billing potential of Rs 2,804 million strengthening its leadership in the corporate travel domain.
  • Yatra’s cash and cash equivalent and term deposit stands at Rs 1,828 million as on 31 st December 2024 and company has paid Rs 245 million debt during the quarter and gross debt stands at Rs 32.5 million as on 31st December 2024.

Dhruv Shringi, Whole Time Director & Chief Executive Officer, said: “We are pleased to report a strong quarter, delivering revenue growth and continued momentum across key segments. Our corporate travel business continued to be a key growth driver. Our ongoing emphasis on operational efficiency has yielded tangible results, including improved cost rationalization, supply-side synergies, and enhanced margin sustainability. Furthermore, our success in onboarding 50 new corporate clients a quarterly record has strengthened our leadership in the corporate travel domain. Following our successful acquisition of Globe All India Services Limited, the integration efforts are progressing ahead of schedule, and we are already seeing early synergies, particularly in supplier consolidation, operational streamlining, and technology adoption. By leveraging Yatra’s tech platform within GAISL’s customer base, we expect to unlock further efficiencies, drive incremental revenue, and enhance our long-term competitive positioning. Looking ahead, we remain excited about the opportunities before us. With record corporate client acquisitions, continued expansion in MICE, and disciplined execution of our strategic priorities, we are confident in our ability to reinforce our market leadership and drive sustainable value for all stakeholders”

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Travel Support Services company Yatra Online announced Q2FY25 results

Financial Highlights:

  • Revenue Rs 2,364 million YoY growth: 151%
  • EBITDA Rs 111 million YoY growth: 285%
  • EBITDA Margin 12%
  • PAT Rs 73 million YoY growth: 143%

Busniess Highlights:

  • For Q2-FY25, Yatra reported revenue of Rs 2,364 million, up 151% YoY, largely due to outperformance of our Hotels and Packages business and contribution from the MICE segment. The results for the quarter also include contribution from Globe All India Services Limited (Globe Travels) for 20 days of the quarter from September 11-30, 2024.
  • Yatra continued to expand its corporate client base and closed 29 new corporate accounts during the quarter with billing potential of Rs 1,213 million.
  • On September 11, 2024, Yatra completed the acquisition of Globe Travels for Rs 1,280 million in cash. This strategic acquisition brought approximately 360 new corporate clients, further strengthening Yatra’s leadership in India's corporate travel sector
  • Yatra’s cash and cash equivalent and term deposit stands at Rs 2,129 million as on Q2FY25 compared to 6,441 million as on Q2FY24.
  • Yatra’s gross debts stands at Rs 277 million as on Q2FY25 compared to Rs 1,742 million as on Q2FY24.

Dhruv Shringi, Whole Time Director & Chief Executive Officer, said: “For the three months ended September 30, 2024, we reported strong growth both year over year and sequentially. Our Revenue grew 151% YoY to Rs 2,364 million, on account of strong growth in our Hotel and Packages and MICE (Meetings, Incentives, Conferences, and Exhibitions) businesses. Adjusted EBITDA at Rs 136 million for the quarter was up 29% year-over-year. Despite the challenges in the B2C air business, we continue to drive strong growth in our Hotels and MICE lines of business, which helped us more than offset the negative impact of the B2C air business.

We also successfully completed the acquisition of Globe Travels and welcomed the Globe employees and customers to the Yatra family. Globe Travels' expertise in MICE complements our recent organic expansion in this segment, positioning Yatra as one of India's largest players in this segment. With minimal overlap in client portfolios, this acquisition diversifies our client base and enhances cross-selling opportunities for hotels and expense management services. Additionally, integrating our digital booking platform with Globe’s largely offline business is expected to drive synergies, operational efficiencies, and cost savings for our corporate clients.

We are encouraged by the strong momentum across all metrics in our Corporate Travel business, underscored by our growth in new accounts and MICE capabilities. As we continue to navigate a dynamic market, our focus remains on executing our strategic priorities to reinforce our market leadership and drive long-term value for stakeholders.”

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Travel Support Services company Yatra Online announced Q1FY25 results:

Financial Highlights:

  • Revenue: Rs 1,008 million, YoY Growth: (9)%
  • EBITDA: Rs 70 million, YoY Growth: (61)% 
  • EBITDA Margin: 9%
  • PAT: Rs 40 million, YoY Growth: (33)%

Business Highlights:

  • For Q1FY25, Yatra reported revenue of Rs 1,008 million, down 9% YoY largely due to the impact of reduced volumes in the B2C segment, as the company optimized discounts amid intensifying price competition in the market.
  • Yatra continued to expand its corporate client base and closed 34 new corporate accounts during the quarter with billing potential of Rs 2,028 million with average billing potential up 77% sequentially.
  • Yatra made significant strides in its newly launched MICE business with a newly onboarded team that began ramping up operations during the quarter. While MICE contributions were muted for the June quarter, early indicators for the current quarter are positive, with meaningful business already secured.

Commenting on the results, Whole Time Director & Chief Executive Officer, Dhruv Shringi stated: “For the three months ended June 30, 2024, we reported revenue of Rs 1,008 million, representing a decline of 9% year-over-year. The decline was primarily driven by reduced volumes in the B2C segment, as we optimized discounts amid intensifying price competition in the market.

Despite challenges in the B2C segment during the June quarter, the Corporate Travel segment showed robust growth across all key metrics. We successfully secured 34 new corporate customer accounts. As the leader in Corporate Travel services in India, our customer acquisition rates remain strong, consistently outperforming industry benchmarks. We are currently exploring strategic M&A opportunities to further bolster our Corporate Travel segment, with a promising pipeline of prospects under evaluation.

The June quarter posed challenges for our B2C segment; however, we are encouraged by the strong momentum we are witnessing in our Corporate Travel business. The growth in new corporate accounts and the exciting developments in our MICE business underscore our commitment to driving long-term value for our stakeholders. As we navigate the evolving landscape, we remain focused on our strategic priorities to further strengthen our market leadership.”

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Travel Support Services company Yatra Online announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Revenue Rs 1,077 million, YoY: -10%
  • EBITDA: Rs 108 million, YoY: -48%
  • EBITDA Margin: 13%
  • Net Profit: Rs 56 million, YoY: -38%

FY24 Financial Highlights:

  • Revenue: Rs 4,223 million YoY Growth: 11%
  • EBITDA: Rs 273 million YoY: -47%
  • EBITDA Margin: 8% 
  • Net Profit: Rs (45) million YoY: -159%

Commenting on the results, Whole Time Director & Chief Executive Officer, Dhruv Shringi stated: “Yatra’s Gross Bookings increased by 12% YoY in the fourth quarter of FY24, driven by a 13.5% growth in Air Gross Bookings. This growth was fueled by a robust rebound in international travel in what is typically the seasonally weakest quarter. Additionally, our EBITDA increased by 128% sequentially reaching to Rs 108 million from Rs 48 million in the Q3FY24, due to increase in gross bookings and optimization of cost. Further, our EBITDA margin % increased by approximately 700 BPs sequentially reaching 13% for quarter ended March 31, 2024. For FY24, we largely met or exceeded Analyst expectations."

Result PDF

Travel Support Services company Yatra Online announced Q3FY24 results:

Financial Performance

  • Revenue from Operations: Rs 1,103 million, representing a YoY growth of 23%.
  • EBIDTA (Earnings Before Interest, Taxes, Depreciation, and Amortization): Rs 48 million, a decrease of 25% YoY.
  • Adjusted EBIDTA: Rs 100 million, indicating an 11% decrease YoY.
  • Net Profit: Achieved Rs 11 million, showing a significant increase of 119% YoY.
  • Diluted Earnings Per Share (EPS): Rs 0.07.
  • Gross Debt Reduction: The company managed to reduce its gross debt by 51% compared to the previous quarter.

Operational Highlights

  • Domestic Air Passenger Growth: 26% YoY, outpacing the industry growth rate of 9%, which suggests market share gains by the company.
  • Gross Bookings: Recorded an 18% YoY growth, reaching Rs 18,605 million.
  • Corporate Business: Noted a subdued performance due to limited business travel spends, especially from IT/ITES clients.
  • New Corporate Accounts: Closed 26 new corporate accounts with a cumulative annual billing potential of Rs 2,237 million.

Commenting on the results, Whole Time Director & Chief Executive Officer, Dhruv Shringi stated: “We are proud to report strong December quarter results. Yatra's Air Passenger segment recorded a robust growth, nearly tripling the industry benchmark of 9%. This reflects our strong brand recognition and our successful strategies in capturing market share. We further fortified our market leadership in the Corporate travel sector by onboarding 26 new corporate customer accounts in the December quarter in our Corporate business. In gratitude to our India shareholders and in a bid to further fortify our market position, we recently launched a complimentary Yatra Prime membership initiative. This program, which commenced last week, is our way of enhancing value and convenience in travel experiences for our shareholders. As we steer through the dynamic market landscape, we stay resolutely committed to seizing growth opportunities and ensuring the continued upward trajectory of Yatra.”

 

 

 

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Internet Software and Services company Yatra Online announced Q1FY24 results:

Financial Performance:

- Yatra Online reported consolidated revenue of Rs 1,102 million in Q1FY24, representing a growth of 24% YoY.
- The company's EBITDA for the quarter was Rs 177 million, showing a YoY growth of 28%. The EBITDA margin stood at 16%, an increase of 47 basis points YoY.
- Net profit for Q1FY24 was Rs 60 million, reflecting a YoY growth of 3%.

Operational Highlights:
- Yatra witnessed its strongest quarter on the air front since the COVID-19 pandemic, with the highest number of air passengers booked since December 2019, up 41.5% YoY.
- The company signed 19 new corporate customer accounts in the corporate business segment, with an annual billing potential of Rs 1,510 million, reinforcing its leadership in the corporate travel sector.
- Yatra experienced a 6% sequential growth in domestic passenger traffic, outpacing India's domestic passenger traffic growth, indicating strong market share gains in both consumer and corporate businesses.
- Revenue from the hotels and packages business recorded Rs 448 million, a YoY increase of 17.6%, driven by the recovery in domestic travel and the addition of new distribution partners.
- Yatra launched its Yatra Prime offering in the consumer business during the quarter, which received encouraging initial signups and positive responses. Yatra Prime provides various benefits, such as zero convenience fees, exclusive fares, and priority access to VIP customer support.

Dhruv Shringi, Whole Time Director & CEO, Yatra Online, said, "We started FY24, on a strong footing on the Air front with the highest number of Air Passengers booked since pre-COVID, up 41.5% YoY far outpacing India's domestic air passenger industry growth of 14.8% YoY clearly demonstrating our ability to gain market share and the strength of the Yatra brand. We further fortified our leadership in the corporate travel sector by signing 19 new corporate customer accounts in the June quarter in our corporate business with an annual billing potential of Rs 1,510 Mn underlining the capabilities and leadership of our Corporate Travel SaaS platform. As we move forward, we remain optimistic and committed to leveraging these positive trends to drive further growth and success."

 

 

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