Saturday, February 22, 2025

YATRA ONLINE REPORTS 113% GROWTH IN REVENUES, 207% GROWTH IN EBITDA AND 845% GROWTH IN NET PROFIT

February 11th 2025: Yatra Online Limited. {BSE: 543992 & NSE: YATRA}, India’s largest corporate travel services provider and one of the largest online travel companies in India among key OTA players announces its results for the third quarter of financial year 2024-25.

Q3-FY25 Consolidated Financial Performance:

Revenue
INR 2,353 MnYoY Growth: 113%
EBITDA
INR 146 MnYoY Growth: 207%
EBITDA Margin
14%
PAT
INR 100 MnYoY Growth: 845%

Q3-FY25 Business Highlights:

  • Revenue from operations grew by 113% YoY to INR 2,353 million, with continued momentum across key segments, including for a large part the Hotels and Packages business (up 66% YoY) and contribution from the MICE segment. The results for the quarter also include contribution from Globe All India Services Limited (GAISL), which was acquired back on September 11, 2024.
  • Revenue less Service Costs (RLSC) (Gross Margin) grew 25% YoY to INR 1041 million demonstrating the strength of our diversified business model.
  • Adjusted EBITDA surged 75% YoY to INR 175 million, reflecting our disciplined focus on profitable growth and cost optimization. As a result of the foregoing factors, our profit was up 845% YoY to INR 100 million.
  • Yatra closed a record 50 new corporate accounts during the quarter with billing potential of INR 2,804 million strengthening its leadership in the corporate travel domain.
  • Yatra’s cash and cash equivalent and term deposit stands at INR 1,828 million as on 31st December 2024 and company has paid INR 245 million debt during the quarter and gross debt stands at INR 32.5 million as on 31st December 2024.

Management Comments:

Commenting on the results, Whole Time Director cum Chief Executive Officer, Mr. Dhruv Shringi stated:

“We are pleased to report a strong quarter, delivering revenue growth and continued momentum across key segments. Our corporate travel business continued to be a key growth driver. Our ongoing emphasis on operational efficiency has yielded tangible results, including improved cost rationalization, supply-side synergies, and enhanced margin sustainability. Furthermore, our success in onboarding 50 new corporate clients—a quarterly record—has strengthened our leadership in the corporate travel domain. Following our successful acquisition of Globe All India Services Limited, the integration efforts are progressing ahead of schedule, and we are already seeing early synergies, particularly in supplier consolidation, operational streamlining, and technology adoption. By leveraging Yatra’s tech platform within GAISL’s customer base, we expect to unlock further efficiencies, drive incremental revenue, and enhance our long-term competitive positioning. Looking ahead, we remain excited about the opportunities before us. With record corporate client acquisitions, continued expansion in MICE, and disciplined execution of our strategic priorities, we are confident in our ability to reinforce our market leadership and drive sustainable value for all stakeholders”

About Yatra Online Limited

Yatra Online Limited (BSE: 543992, NSE: YATRA) is India’s Largest Corporate Travel services provider and one of India’s leading consumer travel companies. Through the website, www.yatra.com, mobile applications, Corporate SaaS platform, and other associated platforms, leisure and business travelers can explore, research, compare prices and book a wide range of services. which include domestic and international air ticketing, hotel bookings. homestays, holiday packages, bus ticketing, rail ticketing. activities and ancillary services catering to the travel needs. Experience of being a NASDAQ listed company and managing public shareholders. Experienced management team and strong corporate governance comprising industry executives with deep roots in the travel industry with 90+ years of accumulated experience.

Yatra Reports Strong Q3 Growth: 113% Revenue Increase

Contact Information:

Mr. Manish HemrajaniVP – Corporate Development & Investor Relations, Yatra Online, IncEmail: manish.hemrajani@yatra.comInvestor Relations Representative:Mr. Anuj Sonpal Valorem AdvisorsTel: +91-22-4903-9500Email: yatra@valoremadvisors.com

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