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Financial summary

Latest Quarterly report

Q4 2019 Results

Yatra Online, Inc. (NASDAQ: YTRA) (OTCQX: YTROF), India's leading online travel company, today announced its unaudited financial and operating results for the three months ended March 31, 2019.

“ We delivered solid growth in the fourth quarter of fiscal year 2019, despite a challenging macro environment for the aviation sector, which enabled us to exceed our full year Adjusted Revenue guidance. During the fourth quarter, both our consumer business and business travel platform continued to deliver strong Adjusted Revenue growth and, through a combination of cost reductions and optimization of marketing spend, we made significant progress in reducing our Adjusted EBITDA Loss. During the quarter we also accrued for certain charges related to Jet Airways being referred to insolvency process and Reservation Content Movement, which adversely impacted our Adjusted EBITDA for the quarter by INR 266.9 million. Excluding the effect of these charges, our Adjusted EBITDA Loss would have improved from a Loss of INR 623.2 million in the three months ended March 31, 2018 to a Loss of INR 166.3 million in the current quarter. We expect the macro environment to remain challenging on the aviation front for the next couple of quarters, however, despite this, we continue to make good progress towards our objective of achieving break-even Adjusted EBITDA in the near term.” — Dhruv Shringi, Co-founder and CEO .

Yatra Online, Inc.'s financial and operating results for the three months and fiscal year ended March  31, 2019 include 100% of the financial and operating results of Travel.Co.In Limited (TCIL), which we acquired on February 8, 2019.

Yatra Online, Inc.'s financial and operating results for the three months and fiscal year ended March  31, 2019 include 100% of the financial and operating results of ATB, in which we acquired on August 04, 2017.

Financial and operating highlights for the year ended March 31, 2019:

  • Revenue reached INR 9,358.6 million (USD 135.3 million).
  • Adjusted Revenue (1)  increased to INR 8,911.0 million (USD 128.8 million), representing an increase of 20.3% YOY.
  • Adjusted Revenue (1) from Hotels and Packages increased to INR 1,880.1 million (USD 27.2 million), representing an increase of 10.8% YOY.
  • Adjusted Revenue (1) from Air Ticketing increased to INR 5,708.2 million (USD 82.5 million), representing an increase of 13.9% YOY.
  • Total Gross Bookings (Air Ticketing and Hotels and Packages) (3) reached INR 111.1 billion (USD 1.6 billion) representing YOY growth of 20.1%.
  • Adjusted EBITDA (2) Loss of INR 1,228.3 million (USD 17.8 million) represents a 35.7% improvement YOY.
  • Loss for the period of INR 1,193.6 million (USD 17.3 million).

Financial and operating highlights for the three months ended March 31, 2019:

  • Revenue reached INR 2,258.4 million (USD 32.7 million).
  • Adjusted Revenue (1)  increased to INR 2,443.4 million (USD 35.3 million ), representing an increase of 17.5% YOY.
  • Adjusted Revenue (1) from Hotels and Packages decreased to INR 440.7 million (USD 6.4 million), representing a decrease of 12.1% YOY.
  • Adjusted Revenue (1) from Air Ticketing increased to INR 1,632.2 million (USD 23.6 million), representing an increase of 18.4% YOY
  • Total Gross Bookings (Air Ticketing and Hotels and Packages) (3) reached INR 29.2 billion (USD 0.4 billion) representing YOY growth of 12.4%.
  • Adjusted EBITDA (2) Loss of INR 433.2 million (USD 6.3 million) representing a 30.5% improvement YOY.
  • Loss for the period of INR 859.2 million (USD 12.4 million).

Financial Table