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
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
INR 3.51 bln
Q1 Net Income
INR 98.80 mln
Q1 Adjusted EBITDA
INR 212 mln
Q1 Gross Bookings
INR 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
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(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.)