Yatra Online, Inc. (NASDAQ: YTRA) Q1 2026 Earnings | 08/11/2025

11 days ago

18:25

Inside Ticker

Earnings Calls

AI Summary

Key Highlights

Strong Financial Performance:
- Revenue: ₹2.098B (~$24.5M), up 99.7% YoY.
- Gross Margin: ₹1.15B (~$13.5M), up 36.6% YoY.
- Profit: ₹110M (~$1.3M) vs. loss of ₹0.8M in Q1 FY2025.
- Adjusted EBITDA: ₹206M (~$2.4M), up 214% YoY (exceeding annual guidance of 30% growth).
Business Segment Growth:
- Corporate Travel: Added 34 new clients (₹2B annual billing potential).
- B2C Travel: Slightly declined due to macro headwinds (India-Pakistan tensions, June air crash).
- Hotels & Packages:
  - Gross bookings up 43% YoY (₹3.43B).
  - Margins improved to 9.05% (from 7.46%).
Market Opportunity:
- Indian corporate travel market to reach $20B by FY27, with online penetration still low (~20% vs. 45% overall).
- Growth driven by digital adoption (self-booking tools, expense management).
Technology & AI Initiatives:
- Launched AI assistant "GIA" (Digital Intelligent Yatra Advisor) for personalized bookings.
- Enhanced expense management solutions with GenAI-powered receipt parsing and analytics.
Share Restructuring Update:
- Ongoing process to convert U.S. shares to India shares (1 U.S. share = ~1.58 India shares).
- Regulatory complexities persist; timeline remains unclear.
Liquidity & Balance Sheet:
- Cash & equivalents: ₹2.235B (~$26M) as of June 2025.
- Debt reduced to ₹29M (~$0.3M) from ₹546M (~$6M) in March 2025.

Q&A Highlights

M&A Appetite: Evaluating opportunities in corporate travel (MICE segment) post-successful integration of prior acquisitions.
Restructuring Hurdles: Multi-jurisdictional regulatory delays; costs were immaterial in Q1.
Market Share: Corporate travel (2/3 of business) outpaced B2C (impacted by macro events).
Cost Savings: Restructuring to yield ~$0.5M/year in tax savings.

Outlook

Growth Drivers: Corporate travel expansion, high-margin hotels/packages, and tech-driven efficiency.
Focus: Disciplined cost management, profitable scaling, and leveraging AI for operational leverage.

About this video

Yatra Online, Inc. reported strong first-quarter fiscal 2026 financial results, showcasing remarkable growth despite travel disruptions in India during the period. The company achieved revenue of approximately ₹2,098 million (around $24.5 million), representing a 99.7% year-over-year increase. Adjusted EBITDA surged 214.4% to ₹206.2 million ($2.4 million), and net profit rose sharply to ₹160 million ($1.8 million), a 296% increase from the prior year. Growth was primarily driven by the corporate travel segment, which remains the main engine, supported by the addition of 34 new corporate clients and an expanded annual billing potential of ₹2,010 million ($23.4 million). The MICE (Meetings, Incentives, Conferences, and Exhibitions) vertical also performed well, offsetting softness in the B2C air ticketing segment amid geopolitical tensions and a June 2025 air crash. The acquisition of Globe Travels in September 2024 exceeded expectations, delivering significant synergies through supplier consolidation, technology integration, and cross-selling, strengthening Yatra's leadership in corporate travel in India. Management emphasized a strategic focus on high-value repeat corporate customers with approximately 67% of gross bookings from B2B, with expectations to reach 70% by fiscal year-end. The company boasts an annual retention rate above 97% for corporate clients. Looking ahead, Yatra plans to continue scaling high-margin verticals, deepen its technology edge through investments such as AI-powered personalization and booking tools, and expand competitive advantages in the global travel market. The company maintains an optimistic outlook for sustainable growth and shareholder value creation. About Inside Ticker: Inside Ticker delivers timely, in-depth financial news and earnings analysis to empower investors with actionable insights on global companies across sectors. For comprehensive video analysis and real-time updates, visit https://www.insideticker.com/. #YatraOnline #YTRA #Q12026 #Earnings #FinancialResults #RevenueGrowth #NetProfit #AdjustedEBITDA #CorporateTravel #MICE #B2BBookings #GlobeTravels #AcquisitionSynergies #TravelDisruption #AI #TechnologyInvestment #CustomerRetention #StrategicGrowth #InvestorUpdates #NASDAQ #InsideTicker

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AI-Powered Financial Analysis This analysis uses real-time market data. While we strive for accuracy, always verify important financial information and consult with qualified financial professionals before making investment decisions. Past performance does not guarantee future results.