\nYatra Online, Inc. (NASDAQ: YTRA) (the \u201cCompany\u201d), India\u2019s leading corporate travel services provider and one of India\u2019s leading online travel companies, today announced its unaudited financial and operating results for the three months ended December 31, 2024.<\/p>\n
\n\u201cWe are pleased to report a strong quarter, delivering revenue growth and continued momentum across key segments. Our revenue for the quarter reached INR 2,350.7 million (USD 27.5 million), marking year-over-year increase of 111.4%.<\/p>\n
\n\u201cAdjusted Air Ticketing Margins saw a 23.0% decline, primarily attributable to reduced volumes in the B2C segment as we strategically adjusted discounts to address supplier-induced intensified price competition. Our corporate travel business continued to be a key growth driver. Notably, Adjusted Hotels & Packages margin saw a strong 65.8% year-over-year increase, primarily fueled by the expansion of our MICE (Meetings, Incentives, Conferences, and Exhibitions) business.<\/p>\n
\n\u201cOur profit was INR 39.8 million (USD 0.5 million) for the three months ended December 31, 2024 versus a loss of INR 39.5 million (USD 0.5 million) for the three months ended December 31, 2023. Additionally, Adjusted EBITDA surged 173.0% year-over-year to INR 121.5 million (USD 1.4 million), reflecting our disciplined focus on profitable growth and cost optimization.<\/p>\n
\n\u201cOur ongoing emphasis on operational efficiency has yielded tangible results, including improved cost rationalization, supply-side synergies, and enhanced margin sustainability. The strategic pivot toward higher-margin segments like Hotels & Packages and MICE has effectively mitigated the impact of B2C air margin pressures, reinforcing our balanced revenue mix. Furthermore, our success in onboarding 50 new corporate clients\u2014a quarterly record\u2014has added an annual billing potential of INR 2,804 million (USD 32.2 million), strengthening our leadership in the corporate travel domain.<\/p>\n
\n\u201cFollowing our successful acquisition of Globe All India Services Limited (GAISL) on September 11, 2024, for INR 1,280.0 million (USD 15.3 million) in cash, integration efforts are progressing ahead of schedule. We are already seeing early synergies, particularly in supplier consolidation, operational streamlining, and technology adoption. By leveraging Yatra\u2019s tech platform within GAISL\u2019s customer base, we expect to unlock further efficiencies, drive incremental revenue, and enhance our long-term competitive positioning.<\/p>\n
\n\u201cThe Company continues to work with its counsels in the relevant jurisdictions to simplify its legal and corporate structure which is expected to streamline administrative overheads and facilitate growth for the Company. These initiatives, combined with disciplined execution and a scalable cost structure, are expected to support sustained margin expansion and operational excellence.<\/p>\n
\n\u201cLooking ahead, we remain excited about the opportunities before us. With record corporate client acquisitions, continued expansion in MICE, and disciplined execution of our strategic priorities, we are confident in our ability to reinforce our market leadership and drive sustainable value for all stakeholders.\u201d – Dhruv Shringi, Co-founder and CEO.<\/p>\n
Financial and operating highlights<\/b> for the three months ended December 31, 2024:<\/b><\/p>\n Three months ended December 31,<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n 2023<\/b><\/p>\n<\/td>\n 2024<\/b><\/p>\n<\/td>\n 2024<\/b><\/p>\n<\/td>\n YoY Change<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n Unaudited<\/b><\/p>\n<\/td>\n Unaudited<\/b><\/p>\n<\/td>\n Unaudited<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n (In thousands except percentages)<\/b><\/p>\n<\/td>\n INR<\/b><\/p>\n<\/td>\n INR<\/b><\/p>\n<\/td>\n USD<\/b><\/p>\n<\/td>\n %<\/b><\/p>\n<\/td>\n<\/tr>\n Financial Summary as per IFRS<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n Revenue<\/b><\/p>\n<\/td>\n 1,112,047<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 2,350,740<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 27,478<\/b><\/p>\n<\/td>\n 111.4<\/b><\/p>\n<\/td>\n %<\/b><\/p>\n<\/td>\n<\/tr>\n \nResults from operations<\/p>\n<\/td>\n \n(58,213<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n14,799<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n172<\/p>\n<\/td>\n \n125.4<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \nProfit\/(Loss) for the period<\/p>\n<\/td>\n \n(39,457<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n39,769<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n463<\/p>\n<\/td>\n \n200.8<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n Financial Summary as per non-IFRS measures<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n Adjusted Margin (1)<\/sup><\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nAdjusted Margin – Air Ticketing<\/p>\n<\/td>\n \n1,114,395<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n857,599<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n10,025<\/p>\n<\/td>\n \n(23.0<\/p>\n<\/td>\n \n)%<\/p>\n<\/td>\n<\/tr>\n \nAdjusted Margin – Hotels and Packages<\/p>\n<\/td>\n \n264,129<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n438,035<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n5,120<\/p>\n<\/td>\n \n65.8<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \nAdjusted Margin – Other Services<\/p>\n<\/td>\n \n69,938<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n72,843<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n851<\/p>\n<\/td>\n \n4.2<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \nOthers (Including Other Income)<\/p>\n<\/td>\n \n180,593<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n185,956<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2,174<\/p>\n<\/td>\n \n3.0<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n Adjusted EBITDA (2)<\/sup><\/b><\/p>\n<\/td>\n 44,493<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 121,458<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 1,420<\/b><\/p>\n<\/td>\n 173.0<\/b><\/p>\n<\/td>\n %<\/b><\/p>\n<\/td>\n<\/tr>\n Operating Metrics<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n Gross Bookings (3)<\/sup><\/b><\/p>\n<\/td>\n 18,631,771<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 17,997,061<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 210,369<\/b><\/p>\n<\/td>\n (3.4<\/b><\/p>\n<\/td>\n )%<\/b><\/p>\n<\/td>\n<\/tr>\n \nAir Ticketing<\/p>\n<\/td>\n \n16,096,263<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n13,828,120<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n161,638<\/p>\n<\/td>\n \n(14.1<\/p>\n<\/td>\n \n)%<\/p>\n<\/td>\n<\/tr>\n \nHotels and Packages<\/p>\n<\/td>\n \n1,992,602<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n3,603,122<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n42,117<\/p>\n<\/td>\n \n80.8<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \nOther Services (6)<\/sup><\/p>\n<\/td>\n \n542,906<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n565,819<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n6,614<\/p>\n<\/td>\n \n4.2<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n Adjusted Margin% (4)<\/sup><\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nAir Ticketing<\/p>\n<\/td>\n \n6.9<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n6.2<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nHotels and Packages<\/p>\n<\/td>\n \n13.3<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n12.2<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nOther Services<\/p>\n<\/td>\n \n12.9<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n12.9<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n Quantitative details (5)<\/sup><\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nAir Passengers Booked<\/p>\n<\/td>\n \n1,659<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,314<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(20.8<\/p>\n<\/td>\n \n)%<\/p>\n<\/td>\n<\/tr>\n \nStand-alone Hotel Room Nights Booked<\/p>\n<\/td>\n \n362<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n418<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n15.5<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \nPackages Passengers Travelled<\/p>\n<\/td>\n \n7<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n18<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n162.9<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n<\/table>\n Note:<\/b><\/p>\n\n
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![\"Logo\"](\"https:\/\/mms.businesswire.com\/media\/20250211678929\/en\/2378540\/3\/yatra.jpg\")
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