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Q2 2018 Results

Yatra Online, Inc. (NASDAQ: YTRA) (OTCQX: YTROF), India's leading online travel company, today announced its unaudited financial and operating results for three months ended September 30, 2017.

Commenting on the performance, Dhruv Shringi, Yatra's Co-founder and CEO, said, "The symbiotic relationship between our consumer direct business and corporate travel business enabled us to deliver our highest quarterly growth in our history as a public company with improving economics - our Revenue less Service Cost grew 46.1% YoY while our adjusted EBITDA improved by over 50% sequentially. The acquisition of Air Travel Bureau ('ATB'), one of India's largest independent corporate travel companies during the quarter enabled us to create India's largest corporate travel platform with over 660 large customers. ATB for the moment continues to operate as an independent entity and we expect further growth and improved operating leverage once the ATB business is fully integrated."

Yatra Online, Inc.'s financial and operating results for the three months ended September 30, 2017, include the financial and operating results of Air Travel Bureau Limited for two months in which we acquired a majority ownership stake on August 4, 2017.

Financial and Operating highlights for the three months ended September 30, 2017:

  • Revenue increased by 33% year-over-year (YOY) to INR 2,575.3 million.
  • Revenue Less Service Cost[1] increased to INR 1,689.8 million, representing an increase of 46.1% YOY.
  • Revenue Less Service Cost[1] from Hotels and Packages increased to INR 320.1 million, an increase of 42.3% YOY.
  • Standalone Hotel Room Nights Booked during the quarter of 0.4 million, represented an increase of 47.7% YOY.
  • Revenue Less Service Cost[1] from Air Ticketing increased to INR 1,200.1 million, an increase of 40.3% YOY
  • Gross Air Passengers Booked were 2.2 million representing YOY growth of 31.7%.
  • Total Gross Bookings (Air Ticketing and Hotels and Packages) [3] reached INR 21.9 billion representing YOY growth of 40.2%.
  • Adjusted EBITDA[2] Loss of INR 288.5 million, an improvement of 12.1% YOY

Financial Table