Yatra Online, Inc. announced its unaudited financial and operating results for the three months ended June 30, 2025, delivering strong performance well ahead of its annual guidance. Revenue for the quarter reached INR 2,098.1 million (USD 24.5 million), marking a 99.7% year-over-year increase. This growth was driven by a higher corporate travel mix and an increased share of hotels and packages.
Profit for the period surged to INR 109.9 million (USD 1.3 million), a remarkable 14,514.9% increase from a loss of INR 0.8 million in the prior-year quarter. Adjusted EBITDA soared by 214.4% year-over-year to INR 206.2 million (USD 2.4 million), significantly exceeding the company's annual guidance of 30% growth. These results affirm the strength of Yatra's strategic positioning and profitable scaling.
The Hotels and Packages segment continued its robust performance, with gross bookings increasing 43.1% year-over-year. The MICE business also built on its strong foundation, establishing Yatra as a dominant player in India's MICE market. While B2C air ticketing faced top-line and margin pressures due to macroeconomic factors, the diversified revenue mix effectively mitigated these challenges.
Yatra onboarded 34 new corporate clients in Q1 FY26, expanding its annual billing potential by INR 2,010 million (USD 23.4 million). The integration of Globe Travels, acquired in September 2024, continued to exceed expectations, delivering synergies in supplier consolidation and technology adoption. These efforts enhance the company's ability to offer seamless, tech-driven solutions.
The company significantly strengthened its liquidity position by reducing gross debt from INR 546 million (approximately $6 million) as of March 31, 2025, to approximately INR 29 million (around USD 0.3 million) as of June 30, 2025. Cash and cash equivalents and term deposits totaled INR 2.235 billion (USD 26 million) as of June 30, 2025, providing flexibility for growth initiatives.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.