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YTRA — Yatra Online News Story

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Consumer CyclicalsAdventurousMicro CapNeutral

Indian travel portal Yatra posts Q2 profit as revenue jumps on corporate travel demand

Overview

Yatra fiscal Q2 revenue grows 48.5% yr/yr, driven by corporate travel and hotels

Adjusted EBITDA for fiscal Q2 surges 217.7%, reflecting disciplined cost management

Company achieves net profit for fiscal Q2, reversing loss from previous year

Outlook

Company aims to scale high-margin segments and deepen technology capabilities

Company progressing on restructuring efforts to unlock shareholder value

Result Drivers

CORPORATE TRAVEL GROWTH - Co's corporate travel segment expanded with 34 new clients, boosting annual billing potential by INR 2,615 mln ($29.5 mln)

HOTELS AND PACKAGES - Revenue from Hotels and Packages increased by 58.9%, driven by MICE (meetings, incentives, conferences, and exhibitions) business and Globe All India Services acquisition

MICE BUSINESS - MICE business continues to excel, establishing Yatra as a dominant market player in India

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 RevenueINR 3.51 bln
Q1 Net IncomeINR 98.80 mln
Q1 Adjusted EBITDAINR 212 mln
Q1 Gross BookingsINR 20.50 bln
Analyst Coverage The one available analyst rating on the shares is "buy" The average consensus recommendation for the leisure & recreation peer group is "buy" Wall Street's median 12-month price target for Yatra Online Inc is $3.00, about 43% above its November 11 closing price of $1.71 Press Release: ID:nBw9m9vC5a For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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