Yatra Online Achieves 95.47% Year-on-Year Net Profit Growth in July-September Quarter

Yatra Online, an online travel firm, announced a significant increase in its consolidated net profit for the July-September quarter of this financial year. The company reported a 95.47% rise, reaching Rs 14.27 crore, compared to Rs 7.30 crore in the same period last year, as per their regulatory filing.

The company's revenue from operations also saw substantial growth. It increased by 48.41% to Rs 350.86 crore during the quarter under review, up from Rs 236.40 crore in the corresponding period of the previous fiscal year.

Strong Performance and Strategic Focus

Dhruv Shringi, Yatra Online's whole-time director and CEO, expressed satisfaction with the company's performance. "I am pleased to report that for the second-quarter we delivered robust financial and operational performance, significantly exceeding annual growth guidance despite a reduction in the overall domestic aviation industry in India. This success is driven by sustained momentum in business travel demand and effective execution across our platforms," he stated.

Shringi highlighted the success of their MICE (Meetings, Incentives, Conferences, and Exhibitions) segment. He noted that this area continues to thrive, positioning Yatra as a leading player in India's market.

Diversified Revenue Streams

The CEO acknowledged challenges in B2C air ticketing due to volume pressures but pointed out that their diverse revenue streams helped mitigate these issues. The inclusion of hotels, packages, and MICE contributed to balancing these challenges effectively.

Looking forward, Yatra Online aims to expand high-margin segments and enhance technology capabilities. The focus remains on creating sustainable long-term value for stakeholders.

Revised Growth Guidance

Given the strong momentum, Shringi announced an increase in their adjusted EBITDA growth guidance for the full year. The guidance has been raised from an initial 30% to a revised range of 35-40%.

On Tuesday, Yatra Online's shares closed at Rs 164.75 each on BSE, marking a rise of 13.58%.

With inputs from PTI