Market Newsdesk

Yatra Online, Inc. Announces Results for the Three Months and Year Ended March 31, 2026

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 and year ended March 31, 2026.

“I am pleased to report that the fourth quarter marked a period of robust financial and operational performance, enabling us to meet our revised full-year growth guidance. This year’s performance can be described as resilient, given the multiple severe disruptions that created a turbulent environment for India’s aviation sector. Disruptions in domestic aviation, coupled with geopolitical developments in the Middle East, significantly impacted the industry. It is important to note that air traffic to and through the region constitutes a substantial proportion of India’s outbound air capacity.

Our performance during the quarter remained well balanced across business travel demand, affiliate-sourced business, and the consumer segment. While air travel volumes were slightly depressed, elevated average air ticket prices helped key business lines navigate the challenging environment. The MICE (Corporate Group Travel) segment faced significant headwinds, as many corporates chose to defer or cancel group travel plans to and through the region due to schedule uncertainty and safety concerns arising from the ongoing conflict.

For the three months ended March 31, 2026, we reported revenue of INR 1,890.2 million (USD 20.1 million), representing a decline year-over-year of 13.7%. This is due to a decline in the Hotels and Packages business which was severely impacted due to disruption in the Middle East impacting international aviation routes.

Our Corporate Travel segment continues to serve as a key growth pillar. During the fourth quarter, we onboarded 55 new corporate clients, expanding our annual billing potential by INR 2,709 million (USD 28.9 million). While the fourth quarter is typically strong for corporate travel due to financial year-end activity, weaker performance in the MICE (Corporate Group Travel) segment impacted the overall growth of this line of business. At the same time, our consumer and affiliate channels benefited from the strength of India’s domestic consumption story and delivered robust growth.

We remained focused on driving growth in Air and Hotel revenues while maintaining pricing discipline and margins across both segments, without resorting to discounting.

Looking ahead, we remain focused on scaling our high-margin Hotel segment, deepening our technology capabilities—particularly through the use of AI and Data Science to automate processes and improve operational efficiencies—and driving sustainable long-term value for all stakeholders.

We continue to explore potential restructuring alternatives and believe there may be a viable structure to pursue. Discussions remain ongoing and are subject to regulatory considerations and timing uncertainties.

I extend my sincere thanks to our dedicated team, trusted partners, and supportive shareholders.”— Siddhartha Gupta, CEO

Financial and operating highlights for the three months ended March 31, 2026:

• Revenue of INR 1,890.2 million (USD 20.1 million), representing a decrease of 13.7% on a year-over-year basis (“YoY”).
• Adjusted Margin⁽¹⁾ from Air Ticketing of INR 1,178.3 million (USD 12.6 million), representing an increase of 27.3% YoY.
• Adjusted Margin⁽¹⁾ from Hotels and Packages of INR 365.2 million (USD 3.9 million), representing an increase of 2.2% YoY.
• Total Gross Bookings (Air Ticketing, Hotels and Packages and Other Services)⁽³⁾ of INR 20,211.2 million (USD 215.4 million), representing an increase of 8.0% YoY.
• Loss for the period was INR 145.5 million (USD 1.6 million) versus a loss of INR 15.2 million (USD 0.2 million) for the three months ended March 31, 2025, reflecting negative swing of INR 130.3 million (USD 1.4 million) YoY.
• Result from operations were a loss of INR 214.2 million (USD 2.3 million) versus a loss of INR 33.3 million (USD 0.4 million) for the three months ended March 31, 2025, reflecting negative swing of INR 180.9 million (USD 1.9 million) YoY.
• Adjusted EBITDA⁽²⁾was INR 45.9 million (USD 0.5 million) reflecting a decrease by 49% YoY.

Financial and operating highlights for the year ended March 31, 2026:

• Revenue of INR 10,074.0 million (USD 107.4 million), representing an increase of 26.6% YoY.
• Adjusted Margin⁽¹⁾ from Air Ticketing of INR 4,372.7 million (USD 46.6 million), representing an increase of 21.9% YoY.
• Adjusted Margin⁽¹⁾ from Hotels and Packages of INR 1,761.9 million (USD 18.8 million), representing an increase of 19.6% YoY.
• Total Gross Bookings (Air Ticketing, Hotels and Packages and Other Services)⁽³⁾ of INR 80,535.8 million (USD 858.3 million), representing an increase of 13.6% YoY.
• Loss for the period was INR 66.0 million (USD 0.7 million) versus a profit of INR 23.5 million (USD 0.3 million) for the years ended March 31, 2025, reflecting negative swing of INR 89.5 million (USD 1.0 million) YoY.
• Result from operations were a loss of INR 125.3 million (USD 1.3 million) versus a loss of INR 90.3 million (USD 1.0 million) for the year ended March 31, 2025, reflecting negative swing of INR 35.0 million (USD 0.4 million) YoY.
• Adjusted EBITDA⁽²⁾was INR 563.8 million (USD 6.0 million) reflecting an increase by 64.2% YoY.

		Three months ended March 31,
		2025			2026			2026			YoY Change
		Unaudited			Unaudited			Unaudited
(In thousands except percentages)		INR			INR			USD			%
Financial Summary as per IFRS
Revenue		2,189,739			1,890,250			20,146			(13.7	)%
Results from operations		(33,292	)		(214,163	)		(2,283	)		(543.3	)%
Loss for the period		(15,210	)		(145,470	)		(1,551	)		(856.4	)%
Financial Summary as per non-IFRS measures
Adjusted Margin (1)
Adjusted Margin – Air Ticketing		925,776			1,178,283			12,558			27.3	%
Adjusted Margin – Hotels and Packages		357,382			365,222			3,892			2.2	%
Adjusted Margin – Other Services		92,161			78,665			838			(14.6	)%
Others (Including Other Income)		193,681			134,138			1,430			(30.7	)%
Adjusted EBITDA (2)		89,625			45,921			489			(48.8	)%
Operating Metrics
Gross Bookings (3)		18,713,890			20,211,170			215,401			8.0	%
Air Ticketing		14,664,296			16,028,926			170,829			9.3	%
Hotels and Packages		3,389,955			3,696,653			39,397			9.0	%
Other Services (6)		659,639			485,591			5,175			(26.4	)%
Adjusted Margin% (4)
Air Ticketing		6.3	%		7.4	%
Hotels and Packages		10.5	%		9.9	%
Other Services		14.0	%		16.2	%
Quantitative details (5)
Air Passengers Booked		1,248			1,368						9.6	%
Stand-alone Hotel Room Nights Booked		367			500						36.3	%
Packages Passengers Travelled		20			16						(19.6	)%

		Year ended March 31,
		2025			2026			2026			YoY Change
(In thousands except percentages)		INR			INR			USD			%
Financial Summary as per IFRS
Revenue		7,954,522			10,074,030			107,364			26.6	%
Results from operations		(90,295	)		(125,318	)		(1,337	)		38.8	%
Profit/(loss) for the period		23,501			(66,018	)		(705	)		(380.9	)%
Financial Summary as per non-IFRS measures
Adjusted Revenue 1
Adjusted Margin – Air Ticketing		3,588,182			4,372,656			46,602			21.9	%
Adjusted Margin – Hotels and Packages		1,472,705			1,761,897			18,778			19.6	%
Adjusted Margin – Other Services		313,057			328,392			3,500			4.9	%
Others (Including Other Income)		680,015			581,410			6,196			14.5	%
Adjusted EBITDA 2		343,391			563,834			6,009			64.2	%
Operating Metrics
Gross Bookings 3		70,910,166			80,535,823			858,316			13.6	%
Air Ticketing		55,272,782			61,874,829			659,435			11.9	%
Hotels and Packages		13,053,414			16,577,607			176,677			27.0	%
Other Services (6)		2,583,970			2,083,387			22,204			(19.4	)%
Net Revenue Margin% 4
Air Ticketing		6.5	%		7.1	%
Hotels and Packages		11.3	%		10.6	%
Other Services		12.1	%		15.8	%
Quantitative details 5
Air Passengers Booked		5,269			5,394						2.4	%
Stand-alone Hotel Room Nights Booked		1,663			1,935						16.4	%
Packages Passengers Travelled		61			91						49.7	%

Note:
(1)		As certain parts of our revenue are recognized on a “net” basis and other parts of our revenue are recognized on a “gross” basis, we evaluate our financial performance based on Adjusted Margin, which is a non-IFRS measure.
(2)		See the section below titled “Certain Non-IFRS Measures.”
(3)		Gross Bookings represent the total amount paid by our customers for travel services, freight services and products booked through us, including taxes, fees and other charges, and are net of cancellation and refunds.
(4)		Adjusted Margin % is defined as Adjusted Margin as a percentage of Gross Bookings.
(5)		Quantitative details are considered on a gross basis.
(6)		Other Services primarily consists of freight business, IT services, bus, rail and cab and others services.

As of March 31, 2026, 63,990,178 ordinary shares (on an as-converted basis), par value $0.0001 per share, of the Company (the “Ordinary Shares”) were issued and outstanding.

For complete financial tables and results, please see our 6-K filed with the SEC and on our website: https://investors.yatra.com/financial-information/sec-filings/default.aspx

Conference Call

The Company will host a conference call to discuss its unaudited results for the three months ended March 31, 2026, beginning at 9:00 AM Eastern Daylight Time (or 6:30 PM India Standard Time) on May 25, 2026. Dial in details for the conference call are as follows: US/International dial-in number: +1 585-542-9983. Confirmation Code: 280401239 (Callers should dial in 5-10 minutes prior to the start time and provide the operator with the Confirmation Code). The conference call will also be available via webcast at https://events.q4inc.com/attendee/280401239.

Safe Harbor Statement

This earnings release contains certain statements concerning the Company’s future growth prospects and forward-looking statements, as defined in the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, as amended. These forward-looking statements are based on the Company’s current expectations, assumptions, estimates and projections about the Company and its industry. These forward-looking statements are subject to various risks and uncertainties. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “will,” “project,” “seek,” “should,” similar expressions and the negative forms of such expressions. Such statements include, among other things, statements regarding the long-term growth trajectory for the Indian travel market; growth of the MICE business and corporate travel business; our expectations regarding the benefits of utilizing AI-enabled services; statements concerning management’s beliefs as well as our strategic and operational plans; our ability to simplify our corporate structure and operations and enhance shareholder value; our expectations regarding sustained margin expansion as a result of simplifying our legal and corporate structure; our future financial performance; our ability to meet our financial guidance; and our ability to comply with Nasdaq’s continued listing requirements for our Ordinary Shares to remain listed on Nasdaq. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, the impact of increasing competition in the Indian travel industry and our expectations regarding the development of our industry and the competitive environment in which we operate; the slowdown in Indian economic growth and other declines or disruptions in the Indian economy in general and travel industry in particular, including disruptions caused by safety concerns, flight cancellations as a result of airline staffing shortages or regulatory noncompliance, terrorist attacks, regional conflicts (including the ongoing conflict between Ukraine and Russia, the evolving events in the Middle East), pandemics, macroeconomic factors, including tariff and trade issues, and natural calamities; our ability to successfully negotiate our contracts with airline suppliers and global distribution system service providers and mitigate any negative impacts on our Revenue that result from reduced commissions, incentive payments and fees we receive; the risk that airline suppliers (including our GDS service providers) may reduce or eliminate the commission and other fees they pay to us for the sale of air tickets; our ability to pursue strategic partnerships and the risks associated with our business partners; the potential impact of recent developments in the Indian travel industry, on our profitability and financial condition; political and economic stability in and around India and other key travel destinations; our ability to maintain and increase our brand awareness; our ability to realize the anticipated benefits of any past or future acquisitions; our ability to successfully implement our growth strategy; our ability to attract, train and retain executives and other qualified employees, and our ability to successfully implement any new business initiatives; our ability to effectively integrate artificial intelligence, machine learning and automated decision-making tools; non-compliance with Nasdaq’s continued listing requirements and consequent delisting of our ordinary shares from Nasdaq; and our ability to simplify our multi-jurisdictional corporate structure or reduce resources and management time devoted to compliance requirement. These and other factors are discussed in our reports filed with the U.S. Securities and Exchange Commission. All information provided in this earnings release is provided as of the date of issuance of this earnings release, and we do not undertake any obligation to update any forward-looking statement, except as required under applicable law.

About Yatra Online, Inc.

Yatra Online, Inc. is the ultimate parent company of Yatra online India, a public listed company on the National Stock Exchange of India Limited and BSE Limited (hereinafter referred to as “Yatra India”), whose corporate office is based in Gurugram, India. Yatra India is India’s largest corporate travel services provider in terms of number of corporate clients with over 1,300 large corporate customers and approximately 59k registered SME customers and the third largest online travel company in India among key online travel agency (“OTA”) players in terms of gross booking revenue and operating revenue for Fiscal 2023 (Source: CRISIL Report). Leisure and business travellers use Yatra India’s mobile applications, its website, www.yatra.com, and its other offerings and services to explore, research, compare prices and book a wide range of travel-related services. These services include domestic and international air ticketing on nearly all Indian and international airlines, as well as bus ticketing, rail ticketing, cab bookings and ancillary services within India. With approximately 80k hotels and homestays in approximately 1,500 cities and towns in India as well as more than 2.5 million hotels around the world, Yatra India has the largest hotels inventory amongst key Indian OTA players.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260522355752/en/

For more information, please contact:

Stephanie Oshchepkov

ICR Inc.

Email: [email protected]

KEYWORDS: New York United States India North America Asia Pacific

INDUSTRY KEYWORDS: Other Professional Services Banking Accounting Professional Services Other Travel Transportation Lodging Vacation Destinations Cruise Travel Electronic Commerce Rail Air Transport Other Technology Public Relations/Investor Relations Software Communications Internet Other Retail Data Management Online Retail Technology Retail

MEDIA:

Logo

TriCo Bancshares Announces Quarterly Cash Dividend

CHICO, Calif.–(BUSINESS WIRE)–
The Board of Directors of TriCo Bancshares (NASDAQ: TCBK) (the “Company”), parent company of Tri Counties Bank, declared a quarterly cash dividend of $0.36 (thirty-six cents) per share on its common stock, no par value, on May 21, 2026. The dividend is payable on June 26, 2026, to holders of record as of June 5, 2026, and represents the 147th consecutive quarterly cash dividend paid to shareholders.

Established in 1975, Tri Counties Bank is a wholly-owned subsidiary of TriCo Bancshares (NASDAQ: TCBK) headquartered in Chico, California, with assets of nearly $10 billion and 50 years of financial stability. Tri Counties Bank is dedicated to providing exceptional service for individuals and businesses throughout California. Tri Counties Bank provides an extensive and competitive breadth of consumer, small business and commercial banking financial services, along with convenient around-the-clock ATM, online and mobile banking access. Brokerage services are provided by Tri Counties Advisors through affiliation with Raymond James Financial Services, Inc. Visit www.TriCountiesBank.com to learn more.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260522317144/en/

Peter G. Wiese, EVP & CFO, (530) 898-0300

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Banking Professional Services Finance

MEDIA:

Logo

Nuvve Announces Receipt of Nasdaq Notice on Late Filing of Its Form 10-Q

SAN DIEGO–(BUSINESS WIRE)–
Nuvve Holding Corp. (“Nuvve”) (Nasdaq:NVVE), a global leader in advanced energy storage, grid modernization solutions and vehicle-to-grid (V2G) technology, today announced that it received written notice (the “Notice”) on May 22, 2026 from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, since the Company had not yet filed its Quarterly Report on Form 10-Q for the period ended March 31, 2026 (the “Report”), it no longer complies with the Nasdaq’s Listing Rule 5250(c)(1) (the “Rule”) relating to the Company’s obligation to file periodic financial reports for continued listing.

The Notice stated that this matter serves as an additional basis for delisting the Company’s securities from Nasdaq. The Notice further stated that the Company can request an appeal from Nasdaq’s Hearings Panel (the “Panel”) and a request for a hearing regarding a delinquent filing will stay the suspension of the Company’s securities only for a period of 15 days from the date of the request. The Notice further stated that since the Company is already before the Panel because the closing price for the Company’s common stock had fallen below $1.00 per share for 30 consecutive trading days under Nasdaq Listing Rule 5550(a)(2), the Company will have seven days, or until May 29, 2026, to request a stay of the suspension, pending the Panel’s decision and then the Panel will review the request for an extended stay and notify the Company of its conclusion as soon as is practicable, but in any event no later than 15 calendar days following the deadline to request a further stay.

The Company intends to timely request a stay of suspension, pending a decision from the Panel. The Company is working to satisfy Nasdaq’s requirements in a timely manner. In the event that the Company regains compliance with the Rule prior to any scheduled hearing date, then a hearing may not be necessary, as the Company may be mooted out of the hearings process. The Company intends to take all reasonable measures available to regain compliance under the Rule and remain listed on Nasdaq.

About Nuvve Holding Corp.

Nuvve powers the future of flexible energy by turning batteries, electric vehicles (EV), buildings, and distributed assets into dynamic grid resources. At the core is Nuvve’s advanced platform for intelligent energy management and vehicle-to-grid (V2G), orchestrating real-time bidirectional charging, load optimization, and grid services. By harnessing an ecosystem of electrification partners, fleets, stationary storage, and smart EV chargers, Nuvve helps utilities and communities unlock flexibility at scale — enhancing reliability, accelerating electrification, and lowering costs. Nuvve enables a clean energy future where mobility, buildings, and infrastructure work together to support a more resilient, sustainable, and equitable grid. Headquartered in San Diego, California, Nuvve operates globally and online at nuvve.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of forward-looking terms such as “may,” “will,” “expects,” “believes,” “aims,” “anticipates,” “plans,” “looking forward to,” “estimates,” “projects,” “assumes,” “guides,” “targets,” “forecasts,” “continue,” “seeks” or the negatives of such terms or other variations on such terms or comparable terminology, although not all forward-looking statements contain such identifying words. Forward-looking statements include, but are not limited to, statements concerning Nuvve’s ability to regain compliance with the Nasdaq continued listed rules and maintain the listing of its common stock on the Nasdaq, the timing and outcome of the Company’s request for a stay of suspension, the decision of the Panel, and other statements that are not historical facts. Nuvve cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Nuvve. Such statements are based upon the current beliefs and expectations of management and are subject to significant risks and uncertainties that could cause actual outcomes and results to differ materially. Some of these risks and uncertainties can be found in Nuvve’s most recent Annual Report on Form 10-K and subsequent periodic reports filed with the Securities and Exchange Commission (SEC). All forward-looking statements contained in this press release speak only as of the date on which they were made and are based on management’s assumptions and estimates as of such date. These forward-looking statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such statements. Nuvve undertakes no obligation to update any forward-looking statement except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260522205364/en/

Media Contact:

Tracy Williams

[email protected]

310.824.9000

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Alternative Energy Data Management Green Technology Energy Sustainability Technology Finance EV/Electric Vehicles Professional Services Batteries Environment Automotive Software Networks Other Energy Utilities

MEDIA:

Logo

Super Micro Computer 96 Hour Deadline Alert: Kahn Swick & Foti, LLC Remind Investors With Losses In Excess Of $100,000 of Deadline in Class Action Lawsuits Against Super Micro Computer, Inc. – SMCI

NEW YORK CITY & NEW ORLEANS–(BUSINESS WIRE)–Kahn Swick & Foti, LLC (“KSF”) and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until May 26, 2026 to file lead plaintiff applications in securities class action lawsuits against Super Micro Computer, Inc. (“Super Micro” or the “Company”) (NasdaqGS: SMCI), if they purchased or otherwise acquired the Company’s securities between February 2, 2024 and March 19, 2026, inclusive (the “Class Period”). These actions are pending in the United States District Court for the Northern District of California.

What You May Do

If you purchased securities of Super Micro and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email ([email protected]), or visit https://ksfcounsel.com/cases/nasdaqgs-smci-2/ to learn more. If you wish to serve as a lead plaintiff in this class action by overseeing lead counsel with the goal of obtaining a fair and just resolution, you must request this position by application to the Court by May 26, 2026.

About the Lawsuits

Super Micro and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

On March 19, 2026, post-market, the U.S. Department of Justice announced the unsealing of an indictment against three individuals associated with the Company, Yih-Shyan Liaw (the Company’s co-founder, director, and Senior Vice President of Business Development), Ruei-Tsang Chang (“a general manager in the [Super Micro’s] Taiwan office),” and Ting-Wei Sun (“a third-party broker and fixer”), for engaging in a “scheme to divert massive quantities of servers housing U.S. artificial intelligence technology to customers in China” violating U.S. export control laws, in order to “drive sales and generate revenues in violation of U.S. law” and enabled the sale of “approximately $2.5 billion worth of servers” between 2024 and 2025. On this news, the price of Super Micro’s shares fell $10.26, or 33.3%, to close at $20.53 per share on March 20, 2026.

The first-filed case is Bhuva v. Super Micro Computer, Inc., et al., No. 26-cv-02606. A subsequent case, City of Hialeah Employees Retirement Systemv. Super Micro Computer, Inc., et al., No. 26-cv-3018, expanded the class period.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors – in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago, and a representative office in Luxembourg.

TOP 10 Plaintiff Law Firms – According to ISS Securities Class Action Services

To learn more about KSF, you may visit www.ksfcounsel.com.

CONNECT WITH US: Facebook || Instagram || YouTube || TikTok || LinkedIn

View source version on businesswire.com: https://www.businesswire.com/news/home/20260522421924/en/

Kahn Swick & Foti, LLC

Lewis Kahn, Managing Partner

[email protected]

1-877-515-1850

1100 Poydras St., Suite 960

New Orleans, LA 70163

KEYWORDS: Louisiana New York United States North America

INDUSTRY KEYWORDS: Professional Services Class Action Lawsuit

MEDIA:

Logo