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Q2 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 September 30, 2018.

"Our multi channel approach enabled us to deliver another quarter of strong growth with a reduction in our Adjusted EBITDA(2) loss in the quarter. Our consumer business and our business travel platform both continue to deliver strong Adjusted Revenue(1) growth while a combination of improved efficiency on our marketing spends and optimisation of our cost base helped us reduce our Adjusted EBITDA(2) loss.  The integration of the Air Travel Bureau Limited ("ATB") acquisition continues on track and we expect about half of ATB's customers to migrate onto the Yatra platform by the end of the year.  We remain confident of our ability to meet our fiscal year growth objectives and deliver a meaningful year over year reduction in our Adjusted EBITDA(2) loss." — Dhruv Shringi, Co-founder and CEO.

Yatra Online, Inc.'s financial and operating results for the three months ended September 30, 2018 include 100% of the financial and operating results of ATB, in which we acquired a majority stake on August 4, 2017.

Financial and operating highlights for the three months ended September 30, 2018:

  • Revenue reached INR 2,055.7 million (USD 28.3 million).
  • Adjusted Revenue(1) increased to INR 2,096.1 million (USD 28.9 million), representing an increase of 23.7% YOY.
  • Adjusted Revenue(1) from Hotels and Packages increased to INR 428.2 million (USD 5.9 million), representing an increase of 33.8% YOY.
  • Adjusted Revenue(1) from Air Ticketing increased to INR 1,373.2 million (USD 18.9 million), representing an increase of 14.4% YOY.
  • Total Gross Bookings (Air Ticketing and Hotels and Packages)(3) reached INR 27.1 billion (USD 0.4 billion), representing YOY growth of 23.8%.
  • Standalone Hotel Room Nights Booked during the quarter were 0.6 million, representing an increase of 30.2% YOY.
  • Gross Air Passengers booked were 2.7 million, representing YOY growth of 22.1%.
  • Adjusted EBITDA(2) Loss of INR 233.6 million (USD 3.2 million) representing a 19.0% improvement YOY.
  • Loss for the period of INR 160.1 million (USD 2.2 million).

Financial Table