\nYatra Online, Inc. (NASDAQ: YTRA) (the \u201cCompany\u201d), India\u2019s leading corporate travel services provider and one of India\u2019s leading online travel agencies, today announced its unaudited financial and operating results for the three months ended September 30, 2026.<\/p>\n
\n\u201cIn the second quarter of fiscal year 2027, Yatra continued to grow and outperform a softer travel market. Gross Bookings increased 5.7% year-over-year and 3.2% sequentially to INR 21,681.2 million (USD 226.2 million), even as industry domestic air traffic declined approximately 6% year-over-year and 16% sequentially, amid the conflict in the Middle East, elevated fuel prices, higher airfares and airline capacity rationalization.<\/p>\n
\nRevenue from operations was INR 2,099.3 million (USD 21.9 million), up 11.7% sequentially. The 40.2% year-over-year decrease mainly reflects lower MICE revenue, which is recognized on a gross basis; total Adjusted Margin was stable year-over-year. Profitability was affected by higher personnel and operating expenses, including investments in strategic initiatives.<\/p>\n
\nAir was a key highlight: Gross Bookings grew approximately 14.8% year-over-year and Adjusted Margin grew 17.2%, improving to 7.0% of Gross Bookings from 6.9%, as better take rates in our consumer and corporate businesses offset a higher share of distribution volumes and competitive promotions. Air passenger volumes grew sequentially despite a sharp decline in industry traffic.<\/p>\n
\nIn Hotels and Packages, standalone Hotels grew Gross Bookings approximately 20% year-over-year, supporting our strategy of scaling this higher-margin business. Segment Gross Bookings declined approximately 20.7%, driven by headwinds to our MICE business, where higher travel costs led corporates to defer and resize programs; activity improved during the quarter as deferred programs began to be rescheduled.<\/p>\n
\nCorporate Travel remains a key growth pillar. We continue to expand our corporate customer base and wallet share, and to broaden our addressable market through Travel Pro for MSMEs, RECAP for expense management, and new technology and global partnerships.<\/p>\n
\nLooking ahead, while geopolitical and aviation-related uncertainties persist, we believe the structural drivers of travel remain compelling. We remain focused on rebuilding MICE as corporate demand recovers, scaling Hotels, strengthening profitability across Air and Hotels and Packages, and using technology, AI and automation to improve customer experience and efficiency, in pursuit of disciplined, profitable growth. I thank our team, partners, customers and shareholders for their continued support.\u201d \u2014 Siddhartha Gupta, CEO.<\/p>\n
Financial and operating highlights<\/b> for the three months ended September 30, 2026:<\/b><\/p>\n\n
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