Core Viewpoint - Yatra Online, Inc. (YTRA) has been upgraded to a Zacks Rank 2 (Buy), indicating a positive trend in earnings estimates which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Performance - The Zacks rating system is based on changes in earnings estimates, which are closely correlated with stock price movements [4][6]. - For the fiscal year ending March 2025, Yatra Online is projected to earn $0.05 per share, reflecting a 350% increase from the previous year [8]. - Over the past three months, the Zacks Consensus Estimate for Yatra Online has risen by 150% [8]. Investment Implications - The upgrade to Zacks Rank 2 suggests that Yatra Online is positioned in the top 20% of Zacks-covered stocks, indicating strong potential for price appreciation in the near term [10]. - Rising earnings estimates and the subsequent rating upgrade imply an improvement in Yatra Online's underlying business, which could lead to increased investor interest and stock price growth [5][10].

Financial Data and Key Metrics Changes - For Q2 2025, total revenue reached INR 2.36 billion, a year-over-year increase of 151%, driven by strong performance in Hotels and Packages and MICE segments [5][12] - Adjusted EBITDA for the quarter was INR 66.7 million, reflecting a 91% increase year-over-year [26] - Gross bookings remained stable at INR 17.7 billion, with air gross bookings declining by 10% to INR 13.3 billion, while Hotels and Packages gross bookings increased by 68% to INR 3.37 billion [23][24] Business Line Data and Key Metrics Changes - The Hotels and Packages segment saw gross bookings increase by 68% year-over-year, attributed to strong corporate hotel performance and MICE business [24] - The Corporate Travel segment demonstrated significant growth, onboarding 29 new corporate clients with an annual billing potential of INR 1.2 billion [6][7] - The MICE segment showed robust growth, with expectations of continuing double-digit growth over the next few years [28] Market Data and Key Metrics Changes - The corporate travel sector in India is experiencing significant growth, supported by a favorable economic outlook from the Reserve Bank of India, which forecasts a growth rate of 7.2% for fiscal year '25 [20][21] - The MICE segment is increasingly being invested in by companies, leading to a surge in demand for related services [19] Company Strategy and Development Direction - The acquisition of Globe Travels is expected to enhance Yatra's customer base and market position in corporate travel, with anticipated synergies of INR 60 million per year [7][11] - Yatra aims to leverage technology to optimize operations and enhance customer experience, particularly through the integration of new distribution capabilities [15] - The company is focused on expanding its presence in the corporate travel market while exploring growth opportunities in the direct-to-consumer segment [22] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the corporate travel business momentum and the value creation expected from the Globe acquisition [22] - The company acknowledges challenges in the B2C segment but remains focused on improving operating performance and customer acquisition [16][29] Other Important Information - The expense management solution, RECAP, is progressing well, with potential for significant scaling both domestically and internationally [13] - The company has launched a revamped user experience on its website and mobile apps, which has received encouraging initial responses [17] Q&A Session Summary Question: Integration process with Globe Travels and cross-selling opportunities - Management indicated that supply integration steps have been taken, with technology implementation expected to start yielding cross-selling benefits from early January [27] Question: Opportunities in MICE and growth expectations - Management sees significant cross-selling opportunities within the existing customer base and expects MICE growth at 20-25% over the next 2-3 years [28] Question: Price competition in the B2C business - Management noted that price competition was initiated by a major airline and is likely to persist, emphasizing the need to add value through cross-selling [29] Question: Status of fungibility between US and Indian stocks - Management is actively working with regulators to simplify the process, which is a priority area [30] Question: Q3 performance expectations - Management clarified that while Q3 is strong for B2C, it is typically weaker for corporate travel due to holidays [31]

Core Viewpoint - Yatra Online, Inc. reported break-even quarterly earnings per share, surprising analysts who expected a loss, and significantly increased revenues compared to the previous year [1][2]. Financial Performance - The company achieved revenues of $28.22 million for the quarter ended September 2024, exceeding the Zacks Consensus Estimate by 136.71% and up from $11.41 million a year ago [2]. - Over the last four quarters, Yatra Online has surpassed consensus EPS estimates only once [2]. - The current consensus EPS estimate for the upcoming quarter is $0.01 on revenues of $15.02 million, and for the current fiscal year, it is $0.02 on revenues of $55.89 million [7]. Stock Performance - Yatra Online shares have declined approximately 16.6% since the beginning of the year, contrasting with the S&P 500's gain of 25.8% [3]. - The stock currently holds a Zacks Rank 3 (Hold), indicating it is expected to perform in line with the market in the near future [6]. Industry Outlook - The Internet - Services industry, to which Yatra Online belongs, is currently ranked in the top 33% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8].

Core Points - Yatra Online, Inc. will report its second quarter financial results for FY25 on November 12, 2024 [2][3] - A conference call to discuss the results will be held on November 13, 2024, at 8:30 AM EST [4] - Yatra Online, Inc. is a leading corporate travel services provider in India with over 1200 large corporate customers [5] Company Overview - Yatra Online, Inc. is the parent company of Yatra Online Limited, which is a major player in corporate travel services and online travel in India [5] - The company offers a wide range of travel services including air travel, hotel bookings, holiday packages, and more, with approximately 108,000 hotels contracted in about 1,500 cities across India [5] - Yatra Online, Inc. is recognized as India's largest platform for domestic hotels, with access to around 2 million hotels globally [5]

Financial Data and Key Metrics Changes - For Q1 2025, total revenue was INR1,051 million (approximately $12.6 million), a decline of 5% year-over-year [3][7] - Adjusted revenue was INR1,422 million (approximately $17.1 million), down 14% year-over-year [7] - Adjusted EBITDA decreased to INR65.6 million (approximately $800,000) from INR115.4 million in the same period last year [5][14] - Gross bookings declined by 17% year-over-year, primarily due to a 20% decline in air gross bookings [13] Business Line Data and Key Metrics Changes - Air ticketing margins were impacted by a 21% decrease due to lower volumes, particularly in the B2C segment [3] - Corporate travel segment showed robust growth, securing 34 new corporate customer accounts with an annual billing potential of INR2,028 million (approximately $24.3 million) [3][4] - MICE business made substantial progress, with early signs of significant business secured for the September quarter [4][10] Market Data and Key Metrics Changes - Travel volumes in the IT sector were approximately 30% below pre-COVID levels, while industry reports indicated a nearly 50% decline in overall IT services spends [8] - The MICE market is valued at approximately $3.3 billion in 2023 and is expected to grow to $10.5 billion by 2030, reflecting a CAGR of 18% [10] - India's business travel market is projected to reach $38 billion this year, growing by 18% next year [11] Company Strategy and Development Direction - The company aims to position itself as the corporate provider of choice while regaining B2C market share through tech-enabled strategies [7] - A cost optimization program is being initiated, including streamlining over 100 positions [6] - The company is exploring both organic and inorganic opportunities to expand its corporate business [6] Management's Comments on Operating Environment and Future Outlook - Management highlighted challenges in the B2C segment due to supply constraints and competitive pricing from airlines [19][20] - The corporate travel segment is expected to benefit from a strong economic outlook, with real GDP growth projected at 7.2% in FY '25 [11] - Management remains optimistic about the growth potential in the corporate travel and MICE segments despite current challenges [12] Other Important Information - The company is carrying cash and cash equivalents of INR4.5 billion (approximately $54 million) and gross debt at an all-time low of INR210 million (approximately $2.5 million) [14] - A restructuring committee is actively working on proposals to streamline operations and enhance shareholder value [6] Q&A Session Summary Question: Options regarding the independent committee and timeline for decisions - Management is evaluating multiple options for simplifying corporate structure, with a timeline of six to twelve months for full simplification [15][16] Question: Impact of B2C weakness on revenue - The decline is attributed to supply constraints and competitive pricing from airlines, particularly Indigo [18][19] Question: MICE business contract structures - Current contracts are mostly annual or event-based, with potential for multi-year contracts as the business stabilizes [21] Question: Percentage of airline business that is B2C - B2C accounted for approximately 50-60% of gross bookings last year, making it a significant part of the business [24] Question: Potential acquisitions and revenue size - The company has set aside approximately $20 million for acquisitions, which could be for one or multiple deals [32][33] Question: Buyback of U.S. shares - There is no cap on the buyback amount; future evaluations will determine if the buyback needs to be expanded [49]

Yatra Online, Inc. (NASDAQ:YTRA) Q4 2024 Earnings Call Transcript May 31, 2024 9:00 AM ET Company Participants Manish Hemrajani - IR Dhruv Shringi - CEO and Co-Founder Rohan Mittal - CFO Conference Call Participants Scott Buck - H.C. Wainwright Operator Hello, and welcome to the Yatra Online, Inc. Q4 2024 and Fiscal Year 2024 Financial Results Earnings Call. My name is Carla, and I will be coordinating your call today. [Operator Instructions] I will now hand you over to your host, Manish Hemrajani to begin. ...

Financial Performance - Yatra's Gross Bookings increased by 12.7% YoY to INR 75,948.0 million (USD 911.3 million) for the year ended March 31, 2024[8]. - Revenue for the quarter ended March 31, 2024, was INR 1,072.8 million (USD 12.9 million), down 10.2% YoY, while Adjusted Margin from Air Ticketing decreased by 14.5% YoY to INR 1,247.3 million (USD 15.0 million)[4][8]. - Adjusted EBITDA for the year ended March 31, 2024, was INR 304.4 million (USD 3.7 million), reflecting a decrease of 28.0% YoY[8]. - Profit for the period for the year ended March 31, 2024, was a loss of INR 326.0 million (USD 3.9 million), compared to a loss of INR 288.2 million (USD 3.5 million) in the previous year, reflecting an increase in loss by INR 37.9 million (USD 0.5 million) YoY[8]. - Total revenue for the year ended March 31, 2024, was INR 4,238.2 million (USD 50.9 million), reflecting a 10.7% increase from INR 3,827.3 million (USD 45.9 million) in the previous year[38]. - The company reported a loss of INR 326.0 million (USD 3.9 million) for the year ended March 31, 2024, compared to a loss of INR 288.2 million (USD 3.5 million) in the prior year[57]. - Basic Loss per Share was INR 4.98 (USD 0.06) in the year ended March 31, 2024, compared to INR 4.59 (USD 0.06) in the previous year[58]. - The company reported a loss from operations of INR 122,343 thousand for the year ended March 31, 2024, compared to a profit of INR 79,666 thousand in 2023[68]. - The total comprehensive loss for the period was INR 347,417, compared to a total comprehensive loss of INR 336,587 in the previous year, indicating a slight increase in overall losses[79]. Revenue Breakdown - Revenue from the Air Ticketing business decreased by 25.0% to INR 469.1 million (USD 5.6 million) for the three months ended March 31, 2024, compared to INR 625.6 million (USD 7.5 million) for the same period in 2023[15]. - Revenue from Hotels and Packages increased by 1.7% to INR 436.6 million (USD 5.2 million) in Q1 2024, compared to INR 429.5 million (USD 5.2 million) in Q1 2023[17]. - Revenue from Other Services decreased to INR 11.8 million (USD 0.1 million) in Q1 2024, down from INR 32.8 million (USD 0.4 million) in Q1 2023[19]. - Other Revenue increased to INR 155.3 million (USD 1.9 million) in Q1 2024, up from INR 106.4 million (USD 1.3 million) in Q1 2023, driven by higher advertising revenue[21]. - The revenue from Air Ticketing for the year ended March 31, 2024, was INR 1,765,858 thousand, slightly down from INR 1,779,972 thousand in 2023, indicating a decrease of approximately 0.8%[69]. - Revenue from the Hotels and Packages business rose to INR 1,704.5 million (USD 20.5 million) in the year ended March 31, 2024, compared to INR 1,471.3 million (USD 17.7 million) in the prior year, reflecting a 7.4% increase in gross booking value[41]. Adjusted Margins - Adjusted Margin from Hotels and Packages increased by 7.6% YoY to INR 288.8 million (USD 3.5 million) for the quarter ended March 31, 2024[8]. - Adjusted Margin for Air Ticketing decreased to INR 1,247.3 million (USD 15.0 million) in Q1 2024, down from INR 1,459.6 million (USD 17.5 million) in Q1 2023, with Adjusted Margin % dropping to 7.3% from 9.7%[16]. - Adjusted Margin for Hotels and Packages increased by 6.8% to INR 1,138.9 million (USD 13.7 million) in the year ended March 31, 2024, from INR 1,065.9 million (USD 12.8 million) in the previous year[42]. - The adjusted margin for air ticketing decreased to 7.0% for the year ended March 31, 2024, down from 7.7% in the previous year, indicating a decline in profitability in this segment[83]. Corporate Developments - The company secured 25 new corporate customer accounts with an annual billing potential of INR 842 million, including India's largest bank as a new client[5]. - Yatra repurchased 3,185,025 shares for a total consideration of approximately $5 million, reflecting confidence in the company's future[7]. - The company has approximately 800 large corporate customers and around 50,000 registered SME customers, making it the largest corporate travel services provider in India[71]. - Yatra India has the largest hotel inventory among key Indian online travel agency players, with approximately 108,000 hotels in India and over 2 million hotels worldwide[71]. Cost and Expenses - Personnel expenses increased by 17.4% to INR 1,348.2 million (USD 16.2 million) in the year ended March 31, 2024, compared to INR 1,148.4 million (USD 13.8 million) in the previous year[46]. - Marketing and sales promotion expenses rose by 36.7% to INR 459.9 million (USD 5.5 million) in the year ended March 31, 2024, from INR 336.5 million (USD 4.0 million) in the prior year[47]. - Employee share-based compensation costs increased to INR 51,761 thousand for the three months ended March 31, 2024, compared to INR 26,489 thousand in the same period of 2023, marking a rise of 95%[68]. Cash Flow and Liquidity - As of March 31, 2024, cash and cash equivalents and term deposits totaled INR 4,499.8 million (USD 54.0 million)[37]. - Cash and cash equivalents increased to INR 1,741,950 thousand as of March 31, 2024, from INR 503,601 thousand as of March 31, 2023, representing a growth of 245.5%[75]. - The net cash flows used in operating activities for the year ended March 31, 2024, were INR 1,429,819, a decrease from INR 1,962,346 in the previous year, indicating improved cash flow management[81]. - The company experienced a net cash inflow from financing activities of INR 4,991,504 for the year ended March 31, 2024, compared to INR 1,751,813 in the previous year, indicating strong financing support[81]. Market Outlook - The company anticipates long-term growth in the Indian travel market, despite potential risks from increasing competition and economic uncertainties[70].

We further fortified our market leadership in the Corporate travel sector by signing 26 new corporate customer accounts in the December quarter in our Corporate business with an annual billing potential of INR 2,237 million (~USD 27 million) underlining the capabilities of our Corporate Travel SaaS platform. In alignment with our commitment to shareholder returns, we are also pleased to report the repurchase of approximately 280,000 shares as of December 31, 2023 under the share repurchase program authorize ...

Yatra Online, Inc. (NASDAQ:YTRA) Q2 2024 Earnings Conference Call November 17, 2023 8:30 AM ET Company Participants Manish Hemrajani - Vice President, Corporate Development and Investor Relations Dhruv Shringi - Co-Founder and Chief Executive Officer Rohan Mittal - Group Chief Financial Officer Conference Call Participants Scott Buck - H.C. Wainwright Operator Hello everyone and welcome to today’s call titled the Yatra Fiscal Second Quarter 2024 Earnings Call. My name is Allen and I'll be the call operator ...

Exhibit 99.1 YATRA ONLINE, INC. ANNOUNCES RESULTS FOR THE THREE MONTHS SEPTEMBER 30, 2023 Gurugram, India and New York November 17, 2023— Yatra Online, Inc. (NASDAQ: YTRA) (the "Company"), India's leading corporate travel services provider and one of India's leading online travel companies, today announced its unaudited financial and operating results for the three months ended September 30, 2023. "We delivered strong growth of Air Passengers booked up 31.2% YoY far outpacing domestic air passenger industry ...