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Earnings Call Transcript

Yatra Online Earnings Call Transcript: Key Takeaways

Yatra is pivoting towards higher-margin air and hotel segments to offset a sharp 63% YoY decline in its MICE business due to geopolitical disruptions.

Yatra Online Q2 FY27 concall: date, live audio and summaryConcall page →
Guidance and delivery
Management target Revenue 15.0% Medium Term
Highlights
Revenue growthDecreased 39% YoY to ₹213.6 Cr due to lower MICE volumes.
MarginsAir margins expanded to 4.45%; MICE margins remain under pressure.
Demand visibilityEncouraging forward bookings in MICE and core segments for Q3.
Management confidenceBalanced; focused on core air/hotel resilience despite macro headwinds.

Growth

Revenue fell 39% YoY to ₹213.6 Cr, though air gross bookings grew 15%.

Outlook

Management expects 15% revenue and EBITDA growth in the medium term.

Risks

Geopolitical conflict in West Asia and elevated debt levels remain primary concerns.

Last quarter's promises, checked

Delivered

  • Guided air margin up from Q1 4.2% → 4.45% (= BEAT)
  • Guided air growth early double digits → +15% YoY (= BEAT)

Partly delivered

  • Guided air:hotel 60:40 → 50:50 in 2-3 yrs → hotels +20% vs air +15%, direction intact, pace slow (= PARTIAL)

Missed

  • Guided Q2 MICE +50% vs Q1, temporary dip → MICE -63% YoY (= MISS)
  • Guided hotels 30%+ growth → +20% YoY (= MISS)
  • Guided Q2 profit lift from Q1 PAT ₹0.34 Cr → ₹-0.7 Cr loss (= MISS)
Source

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

Read the document ↗

Yatra Online Ltd: key numbers

Share price
₹78.13
Market cap
₹1,226 Cr
Revenue (annual)
₹1,007 Cr
Net profit (annual)
₹46.81 Cr
P/E (TTM)
76.0×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.

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