ALFA Finder| Revenue growth | Q2 revenue -39% YoY; H1 -28% |
|---|---|
| Margins | Q2 EBITDA margin 10.48% vs 19.73%; gross margin 5.79% |
| Order book | 54 corporate wins; INR 2,035 Mn annual billable potential |
| Demand visibility | Corporate bookings +18% YoY; 54% existing clients increased spend |
Growth
Q2 gross bookings +6% YoY to INR 21,655 Mn; gross margin flat at INR 1,255 Mn. H1 revenue -28% YoY.
Outlook
No explicit guidance or capex plans given. MICE bookings recovered 37% QoQ, which management cites as early improvement.
Risks
Adjusted EBITDA -41% YoY; finance cost +164%; operating expenses +10.6%; MICE shift to smaller groups cited as headwind.
Last quarter's promises, checked
Delivered
- Air margins 'improving' → air GM +29% YoY vs +8% in Q1 (margin % n/a) (= BEAT)
Partly delivered
- Q2 MICE bookings '~50% higher than Q1' → +37% QoQ (= PARTIAL)
- Margin 'marginal improvement' → gross margin INR1,227M to INR1,255M, but EBITDA margin fell (= PARTIAL)
Missed
- Q2 margin 'marginal improvement' → adj. EBITDA/GM 12.29% to EBITDA margin 10.48% (= MISS)
- Hotels 'growing 30%-plus' → H&P bookings -21% YoY (= MISS)
- FY27 guidance 'next quarter' → none given (= MISS)
Investor Presentation filed with NSE, NSE: YATRA. Summary written with AI assistance from the document.
Yatra Online Ltd: key numbers
- Share price
- ₹81.04
- Market cap
- ₹1,272 Cr
- Revenue (annual)
- ₹1,007 Cr
- Net profit (annual)
- ₹46.81 Cr
- P/E (TTM)
- 40.8×Sector 36.2×
- 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.
More from Yatra Online Ltd
All →Yatra Online Results Update
Yatra Online reported H1-FY27 revenue of INR 4,015 Mn and adjusted EBITDA of INR 301 Mn. Q2 net loss was INR 7 Mn.
Yatra Online Other Announcement
Yatra Online filed ICRA's monitoring agency report for the quarter ended September 30, 2026. It reports no deviation from the IPO objects of issue.
Yatra Online Q2 FY27 Results: Net Loss of ₹0.7 Cr
Yatra Online Ltd reported revenue from operations of ₹213.6 Cr (-39.1% YoY) and a net loss of ₹0.7 Cr for Q2 FY27.
- Key figure
- Net loss ₹0.7 Cr
Yatra Online Board Meeting Date
Yatra Online has given prior intimation of a board meeting on 12 November 2026 to consider unaudited standalone and consolidated half-year results for September 2026. Trading window closes from 1 October 2026 until 14 November 2026.
Yatra Online Adverse Business Impact
Yatra Online disclosed a cyber-security incident. The company says it has no material impact on operations, finances or continuity, and has notified CERT-In.
Yatra Online Legal & Regulatory
Yatra Online Limited and its subsidiary received GST Show Cause Notices for FY 2022-23, with aggregate tax, interest, and penalty demands of ₹71.66 Crore.
- Value
- ₹71.66 Cr