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 ...

Revenue and Bookings - Revenue for the quarter ended September 30, 2023, was reported at INR 947.6 million (USD 11.4 million), up 14.0% YoY from INR 831.4 million (USD 10.0 million) in the same period last year[3][16]. - Total Gross Bookings for the quarter were INR 17,520.3 million (USD 210.9 million), reflecting a 10.2% increase YoY[3][12]. - Revenue from Other Services increased to INR 45.5 million (USD 0.5 million) in Q3 2023, up from INR 34.6 million (USD 0.4 million) in Q3 2022[23][26]. - Gross Bookings for Air Ticketing rose from $13.2 billion in the first half of 2022 to $14.8 billion in the first half of 2023, an increase of 11.9%[66]. - Total Gross Bookings increased from $15.9 billion in Q3 2022 to $17.5 billion in Q3 2023, reflecting a growth of 10.3%[66]. - Total Gross Bookings for the first half of 2023 reached $37.4 billion, up from $33.8 billion in the first half of 2022, marking an increase of 10.3%[66]. Passenger and Service Metrics - Air Passengers booked increased by 31.2% YoY, reaching 1,660 passengers compared to 1,266 passengers in the previous year[3][12]. - Air Passengers Booked increased from 1,266,000 in Q3 2022 to 1,660,000 in Q3 2023, representing a growth of 31%[66]. - Stand-alone Hotel Room Nights Booked increased from 412,000 in Q3 2022 to 440,000 in Q3 2023, a growth of 6.8%[66]. Financial Performance - Loss for the period was INR 272.9 million (USD 3.3 million), compared to a loss of INR 71.2 million (USD 0.9 million) in the same quarter of 2022, marking an increase in loss by INR 201.6 million (USD 2.4 million) YoY[3][12]. - Adjusted EBITDA for the quarter was INR 34.9 million (USD 0.4 million), a decrease of 55.1% YoY from INR 77.7 million (USD 0.9 million) in the previous year[3][12]. - The adjusted loss for the period was INR 97,385 thousand for Q3 2023, compared to an adjusted loss of INR 28,397 thousand in Q3 2022, indicating a significant increase in losses[53]. - The company reported a loss before taxes of INR 263,244 thousand for Q3 2023, compared to a loss of INR 62,493 thousand in Q3 2022, indicating a worsening financial position[58]. - The company reported a total comprehensive loss for the six months ended September 30, 2023, was INR 311,945 thousand, compared to INR 111,158 thousand in the same period of 2022, indicating a significant increase in overall losses[58]. Margins and Expenses - Adjusted Margin from Air Ticketing decreased by 4.8% YoY to INR 1,018.3 million (USD 12.3 million) from INR 1,069.7 million (USD 12.9 million) in the prior year[3][20]. - Adjusted Margin from Hotels and Packages increased by 15.6% YoY to INR 278.3 million (USD 3.3 million) from INR 240.7 million (USD 2.9 million) in the same quarter last year[3][22]. - Adjusted Margin for Air Ticketing decreased slightly from 8.1% in Q3 2022 to 6.9% in Q3 2023[66]. - Adjusted Margin for Hotels and Packages remained stable at 12.7% in Q3 2023 compared to 12.4% in Q3 2022[66]. - Adjusted Margin for Other Services improved from 5.5% in Q3 2022 to 8.8% in Q3 2023[66]. - Personnel expenses increased by 34.3% to INR 386.3 million (USD 4.7 million) for the three months ended September 30, 2023, compared to INR 287.6 million (USD 3.5 million) in the same period of 2022[28]. - Marketing and Sales Promotion Expenses rose by 51.7% to INR 123.3 million (USD 1.5 million) in Q3 2023 from INR 81.3 million (USD 1.0 million) in Q3 2022[29]. - Other operating expenses decreased by 5.5% to INR 369.0 million (USD 4.4 million) in Q3 2023, down from INR 390.7 million (USD 4.7 million) in Q3 2022[30]. Shareholder and Corporate Actions - The company successfully completed an IPO raising INR 7,750 million, which will support strategic growth and technology advancements[4][12]. - The Board authorized a share repurchase of up to $5 million, representing approximately 5% of Yatra Online, Inc's market capitalization[6][15]. Assets and Liabilities - As of September 30, 2023, cash and cash equivalents and term deposits totaled INR 7,174.4 million (USD 86.4 million)[42]. - As of September 30, 2023, total assets increased to INR 13,904,081 (USD 167,357) from INR 6,765,083 (USD 81,000) as of March 31, 2023, reflecting a significant growth in asset base[60]. - Cash and cash equivalents at the end of the period rose to INR 4,797,149 (USD 57,741), up from INR 289,376 (USD 3,500) at the beginning of the period[64]. - Total equity attributable to equity holders of the company increased to INR 5,718,119 (USD 68,826) as of September 30, 2023, from INR 707,695 (USD 8,500) as of April 1, 2023[62]. - The accumulated deficit decreased to INR 15,012,193 (USD 180,696) as of September 30, 2023, from INR 19,921,095 (USD 240,000) as of April 1, 2023[62]. - The total current liabilities decreased to INR 5,775,200 (USD 69,000) as of September 30, 2023, from INR 5,775,200 (USD 69,000) as of March 31, 2023[61]. - The company’s total non-current liabilities increased to INR 500,603 (USD 6,025) as of September 30, 2023, from INR 270,564 (USD 3,300) as of March 31, 2023[60]. Employee Compensation - Employee share-based compensation costs increased to INR 107,256 thousand in Q3 2023 from INR 36,531 thousand in Q3 2022, reflecting a rise of approximately 194%[53].

Yatra Online, Inc. (NASDAQ:YTRA) Q1 2024 Earnings Call Transcript October 16, 2023 11:00 AM ET Company Participants Manish Hemrajani - Head of IR Dhruv Shringi - CEO and Co-Founder Rohan Mittal - CFO Conference Call Participants Scott Buck - H.C. Wainwright Cobb Sadler - Catamount Operator Hello all and welcome to Yatra Online, Inc. 1Q Full Year ‘24 Earnings Conference Call. My name is Lydia and I'll be your operator today. [Operator Instructions] It's my pleasure to now hand you over to your host, Manish H ...

| | | Three months ended June 30, | | YoY Change | | --- | --- | --- | --- | --- | | | 2022 | 2023 | 2023 | | | | Unaudited | Unaudited | Unaudited | | | (In thousands except percentages) | INR | INR | USD | % | | Financial Summary as per IFRS | | | | | | Revenue | 899,046 | 1,105,817 | 13,476 | 23.0% | | Results from operations | 32,911 | 52,721 | 642 | 60.2% | | Loss for the period | (6,965) | (23,944) | (292) | (249.5)% | | Financial Summary as per non-IFRS measures | | | | | | Adjusted Margin | | | | | ...