Latest Quarterly report

GURUGRAM, India & NEW YORK--(BUSINESS WIRE)-- Yatra Online, Inc. (NASDAQ: YTRA) (the “Company”), India’s leading corporate travel services provider and one of India’s leading online travel companies, today announced its unaudited financial and operating results for the three months ended December 31, 2023.

“We are proud to report strong December quarter results. Yatra's Air Passenger segment recorded a robust 26% year-over-year growth, nearly tripling the industry benchmark of 9%. This reflects our strong brand recognition and our successful strategies in capturing market share.

For the quarter ended on December 31, 2023, we reported revenue of INR 1112.0 million (USD 13.4 million), marking a substantial increase of 23.2% over the last year. Our adjusted margin from air ticketing rose to USD 13.4 million, a 10.2% year-over-year growth. Furthermore, our Adjusted EBITDA saw a significant improvement of 23.7% YoY, reaching INR 44.5 million (USD 0.5 million).

We further fortified our market leadership in the Corporate travel sector by signing 26 new corporate customer accounts in the December quarter in our Corporate business with an annual billing potential of INR 2,237 million (~USD 27 million) underlining the capabilities of our Corporate Travel SaaS platform.

In alignment with our commitment to shareholder returns, we are also pleased to report the repurchase of approximately 280,000 shares as of December 31, 2023 under the share repurchase program authorized by our Board and we continue to be active on the buyback front in the current quarter. This move underlines our confidence in Yatra’s promising future and our unwavering dedication to maximizing shareholder value.

As we steer through the dynamic market landscape, we stay resolutely committed to seizing growth opportunities and ensuring the continued upward trajectory of Yatra.” - Dhruv Shringi, Co-founder and CEO

Financial and operating highlights for the three months ended December 31, 2023:

  • Revenue of INR 1,112.0 million (USD 13.4 million), representing an increase of 23.2% year-over-year basis (“YoY”).
  • Adjusted Margin (1) from Air Ticketing of INR 1,114.4 million (USD 13.4 million), representing an increase of 10.2% YoY.
  • Adjusted Margin (1) from Hotels and Packages of INR 264.1 million (USD 3.2 million), representing an increase of 3.9% YoY.
  • Total Gross Bookings (Air Ticketing, Hotels and Packages and Other Services)(3) of INR 18,631.8 million (USD 224.0 million), representing an increase of 17.9% YoY.
  • Loss for the period was INR 39.5 million (USD 0.5 million) versus a loss of INR 217.5 million (USD 2.6 million) for the three months ended December 31, 2022, reflecting a decrease in loss by INR 178.1 million (USD 2.1 million) YoY.
  • Result from operations were a loss of INR 58.2 million (USD 0.7 million) versus a loss of INR 63.0 million (USD 0.8 million) for the three months ended December 31, 2022, reflecting a decrease in loss by INR 4.8 million (USD 0.1 million) YoY.
  • Adjusted EBITDA(2) Profit was INR 44.5 million (USD 0.5 million) reflecting an increase by 23.7% YOY.

Financial Table