Yatra Online Ltd
NSE:YATRA
Yatra Online Ltd
Yatra Online Ltd is a IN-based company operating in Hotels, Restaurants & Leisure industry. The company is headquartered in Gurgaon, Haryana and currently employs 1,086 full-time employees. The company went IPO on 2023-09-28. Yatra Online Limited is an India-based corporate travel services provider and consumer online travel company. The firm offers leisure and business travelers to explore, research, compare prices and book a wide range of services catering to their travel needs, through its Website, www.yatra.com, its mobile applications and its other associated platforms. The firm operates through three segments: Air Ticketing, Hotels and Packages and Other Services. The Airline Tickets segment consists of the sale of airline tickets, as well as airline tickets sold as part of the holiday packages. The Hotels and Packages segment consists of standalone sales of hotel rooms, as well as travel packages (which may include hotel rooms, cruises, travel insurance and visa processing). The Other Services segment consists of rail tickets, bus tickets, taxi rentals and ancillary value-added services, such as travel insurance, visa processing and tickets for activities and attractions.
Yatra Online Ltd is a IN-based company operating in Hotels, Restaurants & Leisure industry. The company is headquartered in Gurgaon, Haryana and currently employs 1,086 full-time employees. The company went IPO on 2023-09-28. Yatra Online Limited is an India-based corporate travel services provider and consumer online travel company. The firm offers leisure and business travelers to explore, research, compare prices and book a wide range of services catering to their travel needs, through its Website, www.yatra.com, its mobile applications and its other associated platforms. The firm operates through three segments: Air Ticketing, Hotels and Packages and Other Services. The Airline Tickets segment consists of the sale of airline tickets, as well as airline tickets sold as part of the holiday packages. The Hotels and Packages segment consists of standalone sales of hotel rooms, as well as travel packages (which may include hotel rooms, cruises, travel insurance and visa processing). The Other Services segment consists of rail tickets, bus tickets, taxi rentals and ancillary value-added services, such as travel insurance, visa processing and tickets for activities and attractions.
Revenue Growth: Yatra reported 9% year-on-year revenue growth in Q3 FY26, reaching INR 2,568 million, driven by strong demand in air ticketing and steady performance in hotels.
Operational Disruption: December flight duty norms caused industry-wide delays and cancellations, impacting corporate travel and resulting in deferred MICE bookings and increased working capital.
Air Segment Outperformance: Gross air bookings rose 22% YoY, with passenger numbers up 14%, far outpacing industry growth of 1%; both B2B and B2C contributed, aided by tech improvements.
Profitability & Margins: Adjusted EBITDA grew 41% YoY to INR 247 million, but profit after tax fell 17% YoY to INR 83 million due to a one-time labor code charge.
Guidance On Track: Management reaffirmed confidence in meeting previously raised revenue and EBITDA guidance, with strong Q4 recovery expected and most deferred business returning.
Tech & AI Investments: Company highlighted tech-driven enhancements in self-booking tools, AI-enabled expense management, and increased B2C demand generation.
Corporate Expansion: 40 new corporate clients were onboarded in Q3 with an annual billing potential of INR 2.2 billion, and online adoption for corporate bookings has reached 70%.
