\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 and year ended March 31, 2026.<\/p>\n
\n\u201cI 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\u2019s performance can be described as resilient, given the multiple severe disruptions that created a turbulent environment for India\u2019s 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\u2019s outbound air capacity.<\/p>\n
\nOur 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.<\/p>\n
\nFor 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.<\/p>\n
\nOur 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\u2019s domestic consumption story and delivered robust growth.<\/p>\n
\nWe remained focused on driving growth in Air and Hotel revenues while maintaining pricing discipline and margins across both segments, without resorting to discounting.<\/p>\n
\nLooking ahead, we remain focused on scaling our high-margin Hotel segment, deepening our technology capabilities\u2014particularly through the use of AI and Data Science to automate processes and improve operational efficiencies\u2014and driving sustainable long-term value for all stakeholders.<\/p>\n
\nWe 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.<\/p>\n
\nI extend my sincere thanks to our dedicated team, trusted partners, and supportive shareholders.\u201d\u2014 Siddhartha Gupta, CEO<\/p>\n
Financial and operating highlights<\/b> for the three months ended March 31, 2026:<\/b><\/p>\n Financial and operating highlights<\/b> for the year ended March 31, 2026:<\/b><\/p>\n\n
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