Yatra Online, Inc. announced its unaudited financial and operating results for the three months ended December 31, 2024, reporting a revenue of INR 2,350.7 million (USD 27.5 million). This marks a substantial year-over-year increase of 111.4%. The company's performance reflects continued momentum across its key segments.
The company reported a profit of INR 39.8 million (USD 0.5 million) for the quarter, a significant turnaround from a loss of INR 39.5 million (USD 0.5 million) in the prior-year period. Adjusted EBITDA surged by 173.0% year-over-year to INR 121.5 million (USD 1.4 million). These figures demonstrate a disciplined focus on profitable growth and cost optimization.
Adjusted Hotels & Packages margin saw a strong 65.8% year-over-year increase, primarily driven by the expansion of the Meetings, Incentives, Conferences, and Exhibitions (MICE) business. This strategic pivot towards higher-margin segments has effectively mitigated the impact of B2C air margin pressures. Adjusted Air Ticketing Margins, however, declined by 23.0% due to reduced volumes in the B2C segment and strategic discount adjustments.
Yatra continued to strengthen its leadership in corporate travel by onboarding a record 50 new corporate clients during the quarter. These new clients are expected to add an annual billing potential of INR 2,804 million (USD 32.2 million). The successful acquisition of Globe All India Services (GAISL) on September 11, 2024, is progressing ahead of schedule, with early synergies observed in supplier consolidation and operational streamlining.
The company is also actively working to simplify its multi-jurisdictional legal and corporate structure. These initiatives are expected to streamline administrative overheads, generate tax savings, and facilitate future growth. Management expressed confidence in reinforcing market leadership and driving sustainable value through continued expansion in MICE and disciplined execution of strategic priorities.
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