Yatra(US:YTRA) Businesswire·2025-11-12 11:15Core Insights - Yatra Online, Inc. reported strong financial performance for the three months ended September 30, 2025, with revenue reaching INR 3,508.7 million (USD 39.5 million), a 48.5% increase year-over-year, driven by growth in corporate travel and hotel packages [3][14][31] - The company achieved an adjusted EBITDA of INR 212.0 million (USD 2.4 million), reflecting a significant increase of 217.7% year-over-year, indicating effective cost management and scaling [7][32] - The corporate travel segment remains a key growth driver, onboarding 34 new clients and expanding annual billing potential by INR 2,615.0 million (USD 29.5 million) [4][14] Financial Performance - Revenue for the quarter was INR 3,508.7 million (USD 39.5 million), up from INR 2,363.3 million (USD 26.6 million) in the same period last year, marking a 48.5% increase [3][14] - Adjusted margin from air ticketing increased by 14.7% to INR 1,016.0 million (USD 11.4 million), while adjusted margin from hotels and packages rose by 28.6% to INR 514.5 million (USD 5.8 million) [6][19] - Total gross bookings reached INR 20,504.8 million (USD 231.0 million), a 16.2% increase year-over-year [6][14] Operational Highlights - The company reported a profit for the period of INR 98.8 million (USD 1.1 million), compared to a loss of INR 0.3 million (USD 0.1 million) in the previous year [6][31] - Results from operations showed a profit of INR 104.7 million (USD 1.2 million), a significant turnaround from a loss of INR 37.7 million (USD 0.4 million) in the same quarter last year [6][28] - The integration of Globe Travels has provided supplier synergies and enhanced client offerings, contributing to the overall growth [5][14] Segment Performance - Revenue from the air ticketing segment was INR 584.7 million (USD 6.6 million), reflecting a 36.1% increase year-over-year [17] - The hotels and packages segment saw revenue increase by 58.9% to INR 2,706.9 million (USD 30.5 million) [18][19] - Revenue from other services decreased slightly to INR 91.3 million (USD 1.0 million) from INR 93.9 million (USD 1.1 million) in the previous year [20] Cost and Expenses - Service costs increased to INR 2,251.4 million (USD 25.4 million) from INR 1,427.7 million (USD 16.1 million) due to higher gross bookings in the hotels and packages segment [15][16] - Personnel expenses rose by 14.5% to INR 419.5 million (USD 4.4 million), driven by the full quarter impact of the acquired Globe Travels [24] - Marketing and sales promotion expenses decreased by 17.7% to INR 66.5 million (USD 0.7 million) [25] Earnings Per Share - Basic earnings per share were INR 0.77 (USD 0.01), compared to a loss per share of INR 0.25 (USD 0.01) in the previous year [33][34] - Adjusted basic earnings per share would have been INR 0.87 (USD 0.01) for the current quarter, compared to INR 0.10 (USD 0.01) in the same quarter last year [33][34] Liquidity - As of September 30, 2025, the company reported cash and cash equivalents of INR 2,207.8 million (USD 24.9 million) [35]