Latest Quarterly report

Q3 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 December 31, 2018.

"This was a significant quarter for us. We showed substantial progress towards our goal of achieving EBITDA break-even, delivering a 48 percent improvement in our Results from Operations and a 60 percent improvement in our Adjusted EBITDA loss. This was done on the back of proactive steps such as optimizing our marketing cost, driving up our cross-sell revenues, closing some loss-making accounts in our corporate customer portfolio, outsourcing our call-center, and closing our physical retail stores - all of which should lead to better structural profitability as we continue to drive growth across all our businesses. On the business travel front, we believe the recent acquisition of the corporate travel business of PL Worldways, and new customer wins like India's third largest bank, will enable us to continue to strengthen our market leadership position in the country. In addition, we expect the Indian travel industry to experience healthy growth in 2019 as some of the macro headwinds facing the aviation industry in mid-2018 seem to have abated. We are reiterating our guidance of 20+ percent growth in Adjusted Revenue for FY19 and a meaningful improvement in our Adjusted EBITDA loss for the fiscal year," — Dhruv Shringi, Co-founder and CEO.

Financial and operating highlights for the three months ended December 31, 2018:

  • Revenue reached INR 2,204.7 million (USD 31.7 million).
  • Adjusted Revenue (1) increased to INR 2,331.3 million (USD 33.5 million), representing an increase of 16.6% YOY.
  • Adjusted Revenue (1) from Hotels and Packages increased to INR 483.2 million (USD 6.9 million), representing an increase of 10.5% YOY.
  • Adjusted Revenue (1) from Air Ticketing increased to INR 1,448.1 million (USD 20.8 million), representing an increase of 5.7% YOY.
  • Total Gross Bookings (Air Ticketing and Hotels and Packages) (3) reached INR 26.4 billion (USD 0.4 billion), representing YOY growth of 10.3%.
  • Standalone Hotel Room Nights Booked during the quarter were 0.6 million, representing an increase of 19.2% YOY.
  • Gross Air Passengers booked were 2.5 million, representing YOY growth of 7.8%.
  • Adjusted EBITDA (2) Loss of INR 154.3 million (USD 2.2 million) representing a 60.3% improvement YOY.
  • Profit for the period of INR 137.5 million (USD 2.0 million).

Financial Table