ALFA Finder| Revenue growth | Revenue down 10.4% YoY; gross bookings up 17% to ₹21,007 million. |
|---|---|
| Margins | Compressed by 60bps in air; standalone hotel margins improved to 9.95%. |
| Order book | MICE pipeline for Q2 is 50% higher than Q1 levels. |
| Demand visibility | Strong domestic demand; international and MICE seeing gradual recovery in Q2. |
| Management confidence | Balanced; optimistic on domestic recovery but acknowledging geopolitical headwinds. |
Growth
Gross bookings rose 17% YoY to ₹21,007 million. However, Revenue from Operations dropped 10.4% due to a ₹300 million MICE revenue shortfall.
Outlook
Management targets EBITDA margins returning to 20%+, potentially reaching 30% as corporate travel and MICE segments normalize and scale.
Risks
High reliance on MICE profitability; international travel remains vulnerable to West Asia volatility. Increased employee costs for new projects could drag margins if revenue ramps slowly.
Last quarter's promises, checked
Delivered
- RLSC growth guide 22% → delivered 24.5% (= BEAT)
- Adjusted EBITDA growth guide 37.5% → delivered 37.5% (= BEAT)
- New corporate logos guide 40-55/qtr → delivered 55 (= BEAT)
Partly delivered
- ROCE target 7-7.5% → delivered 6% due to disruption (= PARTIAL)
Missed
- Revenue from Operations (Q4) → delivered -14% YoY (= MISS)
- Adjusted EBITDA (Q4) → delivered -34% YoY (= MISS)
- Profit After Tax (Q4) → delivered -46% YoY (= MISS)
Earnings Call Transcript filed with BSE, NSE: YATRA. Summary written with AI assistance from the document.
Yatra Online Ltd: key numbers
- Share price
- ₹81.81
- Market cap
- ₹1,284 Cr
- Revenue (annual)
- ₹1,007 Cr
- Net profit (annual)
- ₹46.81 Cr
- P/E (TTM)
- 41.2×Sector 35.3×
- Promoter holding
- 62.66%+0.00% QoQ
- FII holding
- 4.69%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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