Yatra Online's wider Q2 loss sets up worst day since India listing

Yatra Online

15/11/2023 10:10

** Shares of Yatra Online  YATR.NS  down 4.5%, set for their
biggest one-day drop since India listing on Sept. 28
    ** Indian travel services provider's loss widens to 171.3
mln rupees ($2 mln) from 15.6 mln rupees yr-ago on one-time IPO
related charge of 165.6 mln rupees for listing fee and ESOPs
    ** Costs jumped ~26% in Q2, outpacing a ~14% climb in rev
    ** Stock is now down 2.9% since its listing in September
    ** In that same period, the US-listed stock  YTRA.O  is up
6.5%; however the stock is down ~32 YTD
 
 ($1 = 83.1340 Indian rupees)

 (Reporting by Kashish Tandon in Bengaluru)
 ((kashish.tandon@thomsonreuters.com))