How did Yatra Online's revenue and expenses trend in Q3 2025 compared to previous quarters?

Yatra Online's revenue and expenses in Q3 2025 showed significant growth compared to the previous quarters, reflecting a robust rebound in business performance.

1. **Revenue Growth**: Yatra Online reported a substantial increase in revenue for Q3 2025, with the company's revenue from operations growing by 113% year-over-year to INR 2,353 million. This marked a significant upswing from the previous quarter's revenue of INR 1,072.8 million reported in Q4 2024, which had itself seen a 111.4% year-over-year increase. The growth in revenue was primarily driven by a 15.1% increase in air bookings, indicating a strong performance in international travel bookings.
2. **Expense Trends**: While specific expense details for Q3 2025 are not available, the company's gross margin, which is the revenue less service costs, grew by 25% year-over-year to INR 1,041 million. This suggests that despite the increase in revenue, the cost of services remained well-managed, potentially indicating improved operational efficiency.

|code|Ticker|Name|Date|Total Revenue|Total Expenses|market_code|
|---|---|---|---|---|---|---|
|YTRA|YTRA.O|Yatra Online|2024 Q4|1.287207815136E7||186|
|YTRA|YTRA.O|Yatra Online|2025 Q1|1.260912034464E7||186|
|YTRA|YTRA.O|Yatra Online|2025 Q2|2.821542994275E7||186|
|YTRA|YTRA.O|Yatra Online|2025 Q3|2.74779644118E7||186|

3. **Profitability**: The company's net income for Q3 2025 was reported at INR 4.83 million, up from a net loss of INR 28.5 million in the same quarter of the previous year. This reflects a significant improvement in profitability, which could be attributed to the optimized marketing costs and other expenses.
4. **Market Position**: Yatra Online's market position remains strong, with the company continuing to serve over 1200 corporate customers and offering a range of travel-related services. The company's technological advancements, such as the use of artificial intelligence and machine learning, are likely contributing to its competitive edge in the online travel agency sector.

In conclusion, Yatra Online demonstrated robust growth in revenue and improved profitability in Q3 2025, reflecting effective cost management and operational efficiency.