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Financial summary

Latest Quarterly report

YATRA ONLINE, INC. ANNOUNCES RESULTS FOR THE THREE MONTHS ENDED DECEMBER 31, 2019

Gurugram, India and New York February 27, 2020,— 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 December 31, 2019.

“I am pleased to report that we achieved both our stated objectives of being Adjusted EBITDA positive and posting sequential Revenue growth in the quarter ended December 31, 2019. This was despite a challenging environment in the Indian aviation sector owing to overall macroeconomic slowdown along with the grounding of a major domestic carrier. Domestic air traffic industry growth in the third quarter of the current fiscal year significantly slowed down to 5.8% YoY as compared to 12.4% in the same quarter last year. Our Adjusted Revenue grew 4.3% sequentially while our Adjusted EBITDA was a profit of INR 205 Million (USD 2.9 Million) in the quarter versus an Adjusted EBITDA loss of INR 154.3 Million (USD 2.2 Million) for the same quarter last year. We expect to continue to deliver sequential growth in our Adjusted Revenue with a positive operating performance.”— Dhruv Shringi, Co-founder and CEO.

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

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

  • Revenue of INR 1,966.8 million (USD 27.6 million).
  • Adjusted Revenue(1) of INR 1,586.6 million (USD 22.2 million ), representing a decrease of 31.9% YOY.
  • Adjusted Revenue(1) from Air Ticketing of INR 1,021.7 million (USD 14.3 million), representing a decrease of YOY 29.4%.
  • Adjusted Revenue(1) from Hotels and Packages of INR 214.2 million (USD 3.0 million), representing a decrease of 55.7% YOY.
  • Total Gross Bookings (Air Ticketing and Hotels and Packages) (3) of INR 21.1 billion (USD 0.3 billion) representing YOY decline of 20.1% .
  • Profit for the period of INR 112.9 million (USD 1.6 million) as compared to 137.5 million (USD 1.9 million) in the quarter ended December 31, 2018.
  • Adjusted EBITDA (2) Profit of INR 205.0 million (USD 2.9 million) representing a 232.9% improvement YOY.

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