Yatra Online, Inc. Reports Impressive Q4 Growth Results

Yatra Online, Inc. Reports Financial Results for Q4

Yatra Online, Inc. (NASDAQ: YTRA), recognized as India’s top corporate travel services provider, has shared its financial accomplishments for the recent quarter. This period, closing on December 31, 2024, marked a transformative phase fueled by both challenges and triumphs.

Strong Revenue Growth

The company reported a staggering revenue of INR 2,350.7 million (approximately USD 27.5 million), representing an impressive year-over-year surge of 111.4%. This growth showcases Yatra's resilience and strategic positioning within the competitive landscape of travel services.

Adjusted Margins and Profitability

During the same quarter, Yatra faced a 23% decline in adjusted air ticketing margins, largely due to a dynamic shift in consumer demand within the B2C sector alongside heightened price competition from suppliers. Nevertheless, the corporate travel sector has emerged as a fundamental contributor to Yatra's growth, with adjusted margins from hotels and packages skyrocketing by 65.8%, bolstered by the expansion of the Meetings, Incentives, Conferences, and Exhibitions (MICE) business.

Record Client Acquisitions Enhance Market Positioning

Logo through the challenging landscape, Yatra's strategic focus has enabled the onboarding of 50 new corporate clients, creating a robust annual revenue potential of around INR 2,804 million (USD 32.2 million). Such significant client acquisitions reinforce Yatra's leadership and commitment to delivering unparalleled service in corporate travel.

Financial Highlights Summary

The key financial highlights for the quarter include:

• Revenue of INR 2,350.7 million (USD 27.5 million), up 111.4% YoY.
• Adjusted margins from air ticketing at INR 857.6 million (USD 10.0 million), down 23% YoY.
• Adjusted margins from hotels and packages rose to INR 438.0 million (USD 5.1 million), up 65.8% YoY.
• Total gross bookings were recorded at INR 17,997.1 million (USD 210.4 million), a 3.4% decrease from the previous year.
• For the quarter, the profit was INR 39.8 million (USD 0.5 million) compared to a loss of INR 39.5 million (USD 0.5 million) the same period last year.
• Adjusted EBITDA witnessed a significant jump of 173.0% YoY, totaling INR 121.5 million (USD 1.4 million).

Strategic Acquisitions and Operational Efficiency

Following its acquisition of Globe All India Services Limited (GAISL) in September 2024, Yatra is making remarkable strides in integrating operations. Early synergies indicate improvement in supplier consolidation, operational efficiency, and technology integration.

Future Outlook

As Yatra Online, Inc. moves forward, the company is poised for further growth. The emphasis on operational efficiency, strategic client acquisitions, and innovative service offerings are leading the way to a promising future.

Frequently Asked Questions

What is Yatra Online, Inc.'s primary business focus?

Yatra Online, Inc. specializes in corporate travel services and online travel solutions, catering to a diverse clientele across India and globally.

How much revenue did Yatra report for the last quarter?

Yatra reported a revenue of INR 2,350.7 million (USD 27.5 million) for the quarter ending December 31, 2024.

What contributed to the increase in Yatra's adjusted margins?

The significant growth in adjusted margins from hotels and packages, particularly through the expansion of MICE services, has been a key factor.

What strategic steps is Yatra taking for future growth?

Yatra is focusing on enhancing operational efficiencies, onboarding new corporate clients, and integrating acquired businesses to drive future growth.

How has the acquisition of GAISL benefited Yatra?

The acquisition is resulting in operational synergies, improved supplier relationships, and is expected to drive revenue growth through enhanced service offerings.

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