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Earnings Call

Yatra Online Earnings Call: Key Takeaways

Yatra Online reported its most profitable year in history for FY26 despite Q4 headwinds from Middle East conflicts. Revenue grew 27% YoY to INR 10,065 million.

Why this was an Alfa AlertNot a filter event. Performance was in line with or slightly above revised guidance (24.5% RLSC vs 22.5% guided).
Highlights
Revenue growthFY26 grew 27% YoY; Q4 decreased 14% YoY.
MarginsAir margins improved to 4% in FY26 from 2.7% in FY24.
Order bookAdded 163 new corporate customers in FY26 (INR 9,568M billable value).
Demand visibilityStrong recovery signs in Q1 FY27; expect robust H2 FY27.
Management confidenceHigh; citing resilience and strongest performance in 20-year history.

Growth

FY26 Revenue up 27% YoY; Gross Margin up 24.5%; Adjusted EBITDA up 37.5%; PAT up 28% to INR 468M.

Outlook

Medium-term CAGR guidance maintained at 20% for RLSC and 30% for Adjusted EBITDA; targeting high teens ROCE.

Risks

Geopolitical conflict in West Asia impacting MICE and international travel; airfare inflation; IT services sector slowdown.

Source

Earnings Call filed with BSE, NSE: YATRA. Summary written with AI assistance from the document.

Read the document ↗

Yatra Online Ltd: key numbers

Share price
₹103.84
Market cap
₹1,629 Cr
Revenue (annual)
₹1,007 Cr
Net profit (annual)
₹46.81 Cr
P/E (TTM)
52.3×Sector 37.2×
Promoter holding
62.66%+0.00% QoQ
FII holding
4.95%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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