Yatra Online Reports Q1 FY27 Revenue of ₹1,879 Million, PAT ₹3 Million
Yatra Online reported Q1 FY27 revenue of ₹1,879 million, down 10.4% YoY. Net Profit was ₹3 million, a 97.9% decline. Gross bookings grew 16.5% to ₹2,223 million. The company added 53 corporate customers and entered a seven-year partnership with Kanoo Travel for international expansion.
The decline in profitability and revenue, although offset by growth in bookings and strategic partnerships, suggests a moderate impact on the company's immediate financial standing and future outlook.
While the company reported growth in bookings and secured new partnerships, the significant year-on-year decline in revenue, adjusted EBITDA, and net profit indicates mixed performance, warranting a neutral sentiment.
Yatra Online Limited announced its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company reported a revenue of ₹1,879 million, a decrease of 10.4% year-on-year. Adjusted EBITDA stood at ₹151 million, down 39.4% YoY, while Net Profit was ₹3 million, a significant decline of 97.9% YoY.
Despite the financial headwinds, Yatra's business highlights show resilience. Gross bookings grew 16.5% YoY to ₹21,007 million. Total transactions across Air and Hotels increased by 12.2% YoY. Room nights grew nearly 30% YoY, and Gross Margin (RLSC) grew 6.1% YoY to ₹1,227 million.
The company added 53 new corporate customers, with an annual billable potential of ₹2,223 million, and saw early traction in the MSME segment. The AI-powered Expense Management solution, RECAP, reached a cumulative customer base of 20.
However, geopolitical disruptions, particularly the Middle East conflict, impacted the MICE business, leading to deferred bookings. The MICE pipeline for Q2 FY27 shows signs of recovery, being over 50% higher than Q1 levels.
A significant development was Yatra's seven-year strategic partnership with Kanoo Travel, marking the first international expansion of its enterprise travel technology platform into the Middle East.
Commenting on the results, CEO Mr. Siddhartha Gupta highlighted the underlying resilience of the business, growth in gross bookings and transactions, and market share gains. He acknowledged the impact of competitive intensity and geopolitical disruptions on profitability but expressed confidence in the company's growth and profitability trajectory through FY27, citing a stronger MICE pipeline and expansion opportunities.
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