What is Yatra Online's latest dividend and current dividend yield?

What were the key takeaways from Yatra Online’s earnings call?

What is the revenue and EPS growth rate for Yatra Online year over year?

What were the key takeaways from Yatra Online's earnings call?

What does Yatra Online do and what are its main business segments?

What guidance did Yatra Online's management provide for the next earnings period?

What is the market's earnings forecast for Yatra Online next quarter?

What factors drove the changes in Yatra Online's revenue and profit?

- **Resilient Growth**: Air Ticketing (+22% YoY) and Hotels (+20% YoY) outperformed industry amid disruptions.
- **Corporate Expansion**: 40 new clients added, with expense management platform driving 8 new customer wins.
- **MICE Recovery**: Q3 deferrals expected to roll over, with long-term growth supported by government policies.
- **Financial Health**: 10% YoY revenue growth to INR 2.577 billion, with improving margins in both core segments.

**【CEO Summary Section】**
- **Air Ticketing Growth**: Despite industry-wide disruptions, Air Ticketing gross bookings rose 22% YoY, driven by B2C demand and improved take rates (7.1% vs. 6.2%).
- **Hotels & Packages Performance**: Segment grew 20% YoY (excluding MICE deferrals), with Hotels alone up over 30% on corporate and affiliate growth. Adjusted margins expanded 15% YoY to INR 502 million.
- **Corporate Expansion**: Onboarded 40 new clients (INR 2.2 billion annual potential) and 8 customers on the expense management platform, highlighting AI-driven solutions' traction.
- **MICE Challenges**: Temporary deferrals due to flight disruptions in December, with partial recovery expected in Q4.

**【CFO Financial Commentary】**
- **Revenue Growth**: Consolidated revenue increased 10% YoY to INR 2,577 million ($29 million), supported by Air Ticketing and Hotels segments.
- **Liquidity Management**: Cash reserves stable at INR 2,042 million ($23 million), with debt marginally up to INR 583 million ($6 million).
- **Segment Margins**: Air Ticketing adjusted margins rose 40% YoY to INR 1,195 million ($13 million); Hotels margins improved 15% YoY.

**【Q&A Highlights】**
- **Growth Context**: CEO clarified Q3 growth deceleration was seasonal (holiday impact) and operational (airline disruptions), not structural.
- **MICE Outlook**: Despite Q3 deferrals, MICE demand remains strong, with 3-4x growth potential as the market formalizes.
- **Corporate Strategy**: Targeting 13,000+ organizations (vs. current 1,300 clients), with specialized teams for large enterprises, SMEs, and upselling to existing accounts.

Yatra Online, Inc. (YTRA) Q3 2026 Earnings Call Transcript

- **Q2 FY26 Revenue Surges 48.5% YoY to $39.5M, EBITDA +218% to $2.4M**
- **Corporate Travel Bookings +29% YoY, adding $29.5M annualized potential
- **Diya AI & Transparent Pricing UI Drive Conversion, 33% of bookings now Hotels & Packages
- **Restructuring Aims for Share Fungibility, targeting <12-month timeline
- **Consumer Segment Bottoming Out, 33% of bookings, 8-9% market growth vs 13-20% Yatra growth
- **GST Reductions & Digital Adoption Fueling MICE Expansion
- **Air Ticketing Margins +14.7% YoY, Hotels +28.6% YoY, total gross bookings +16.2% YoY to $231M
- **$24.9M cash reserves support FY26+ growth


**【CEO Summary Section】**
- **Revenue Growth and Profitability**: Q2 FY26 revenue rose 48.5% YoY to INR 3.51 billion ($39.5 million), driven by Hotels & Packages (40.4% YoY growth) and MICE segment expansion. Adjusted EBITDA surged 218% YoY to INR 212 million ($2.4 million), with corporate travel bookings up 29% YoY, adding INR 2.6 billion ($29.5 million) annualized potential from 34 new corporate clients onboarded.
- **Market Positioning**: Corporate travel market size ~$20 billion by FY27, with online penetration at 20% vs 45% for overall travel, creating headroom for digital adoption.
- **Technology & Customer Experience**: Diya AI enables seamless flight/hotel booking, while new hotel UI features transparent pricing and best price guarantees.
- **Restructuring Update**: Streamlining corporate structure across Cayman, Cyprus, and India, aiming for fungibility between U.S. and Indian share prices post-regulatory approvals.

**【CFO Financial Commentary】**
- **Segment Performance**: Air ticketing margins +14.7% YoY to INR 1.02 billion ($11.4 million), Hotels & Packages margins +28.6% YoY to INR 514.5 million ($5.8 million). Total gross bookings +16.2% YoY to INR 20.5 billion ($231 million), with cash reserves at INR 2.21 billion ($24.9 million).
- **Consumer Business**: 33% of gross bookings, with mid-single-digit growth targeting profitable scaling post-Q1-Q2 recovery.

**【Q&A Highlights】**
- **Corporate Travel Momentum**: Growing 2x industry rate (8-9% market growth vs 13-20% Yatra growth), driven by digital adoption and expense management solutions.
- **M&A Strategy**: Evaluating acquisitions to accelerate MICE expansion, building on past successful integrations.
- **Valuation Alignment**: U.S. entity discount due to liquidity, aiming for fungibility with Indian shares post-restructuring.
- **Consumer Segment**: 33% of bookings, bottoming out with profitable growth, no negative CoAC, targeting mid-single-digit growth.
- **Tax Benefits**: Reduced GST and income tax rates to boost discretionary spending, supporting FY26+ growth.
- **Regulatory Timeline**: Restructuring expected <12 months, prioritizing shareholder value alignment.


Yatra Online, Inc. (YTRA) Q2 2026 Earnings Call Transcript

- **Revenue Surge**: Q1 revenue up 99.7% YoY to INR 2.098B, driven by corporate travel and MICE growth.
- **Profitability Leap**: Adjusted EBITDA up 214% YoY to INR 206M, beating 30% annual target.
- **AI & Tech Edge**: Launch of DIYA AI assistant and expense management solutions to enhance customer retention.
- **Market Expansion**: Targeting $20B corporate travel market with 20% online penetration; 34 new clients added Q1.
- **Risks & Hurdles**: Regulatory restructuring delays, macroeconomic headwinds in B2C segment.

**【CEO Opening Remarks】**
- Q1 FY26 revenue: INR 2.098 billion (USD 24.5M), up 99.7% YoY; Gross Margin: INR 1.15B (USD 13.5M), up 36.6% YoY.
- Adjusted EBITDA: INR 206M (USD 2.4M), up 214% YoY, exceeding 30% annual guidance.
- Corporate travel market in India projected to reach $20B by FY27, with online penetration at 20% vs 45% for overall travel.

**【CEO Commentary】**
- Corporate segment growth: 34 new clients added, annual billing potential INR 2B.
- B2C bookings marginally down YoY due to macro disruptions; AI tools (DIYA) and expense management solutions launched.
- Hotels & Packages: Gross bookings up 43% YoY, gross margin up 74% YoY.

**【CFO Financial Commentary】**
- Air ticketing: Passenger volumes down 9% YoY, but NRA gross margin up 54% YoY.
- Liquidity: Cash & equivalents INR 2.235B (USD 26M); Debt reduced from INR 546M to INR 29M.
- Tax savings from restructuring: ~INR 37.5M (USD 0.5M) annually.

**【Q&A Highlights】**
- **MICE Growth**: Open to M&A if opportunities arise; focus on organic growth and integration.
- **Restructuring**: Regulatory process ongoing; no clear timeline, but prioritized by management.
- **B2C Impact**: Macro events caused 1% decline in B2C gross bookings; corporate segment offset losses.
- **Market Share**: Corporate segment 2/3 of business, B2C 1/3; hotels/packages margins improving (7.46% → 9.05%).

Yatra Online, Inc. (YTRA) Q1 2026 Earnings Call Transcript

- **Record Growth**: FY’25 revenue surges 90% to INR7.9B, with Q4 jumping 114% YoY to INR2.2B.
- **MICE Dominance**: 600+ trips, 80K+ travelers in 9 months; targeting top 3 MICE players in FY’26.
- **Tech Innovation**: NDC integration unlocks exclusive airline fares; AI bots reduce servicing costs.
- **FY’26 Outlook**: 20% gross margin growth, 30% EBITDA expansion via corporate expansion and MICE scaling.
- **Risk Management**: 30%+ business tied to northern India; quick recovery post-Pakistan tensions.

**【CEO Summary Section】**
- **FY’25 Revenue Growth**: INR7.9 billion (USD93.1M), up 90% YoY, driven by corporate travel and MICE expansion.
- **Profitability Metrics**: Adjusted EBITDA up 28% to INR344M (USD4M), adjusted profit up 106.5% to INR24M.
- **Q4 Highlights**: 
  - Revenue: INR2.2B (USD25.7M), +114% YoY (MICE and Globe Travels acquisition).
  - Gross Margin: INR1.1B (USD12.8M), +34% YoY.
  - MICE Momentum: 600+ trips, 80K+ travelers in 9 months; targeting top 3 MICE players in FY’26.
- **Strategic Initiatives**: 
  - NDC Integration: Access exclusive airline fares, improve cost efficiency for corporate clients.
  - AI Tools: Low fare finder, automated customer service bots.
  - RECAP Expense Management: Gaining traction with cross-sell potential.
- **FY’26 Guidance**: 20% growth in revenue less service cost, 30% EBITDA growth via corporate expansion, MICE scaling, and Globe synergies.

**【CFO Financial Commentary】**
- **Q4 Financials**: 
  - Revenue: INR2.19B (USD25.7M), +114% YoY.
  - Gross Margin: INR1.09B (USD12.8M), +34% YoY.
  - Adjusted EBITDA: INR90M (USD1.1M), +23% YoY.
- **Annual Liquidity**: 
  - Cash & equivalents: INR1.96B (USD23M).
  - Debt reduction: INR638M (USD7.5M) to INR546M (USD6.4M).
- **Profitability**: Net profit turned positive at INR24M (USD0.3M), up 106.5% YoY.

**【Q&A Key Takeaways】**
- **Geopolitical Risk**: Northern India accounts for 30%+ business; Q4 saw temporary disruption but quick recovery post-ceasefire.
- **Share Convertibility**: Defined structure in place; process underway, though timeline uncertain.
- **MICE Acquisitions**: Globe integration nearing completion; open to future MICE-focused deals.
- **Operational Leverage**: 30-40% growth achievable without significant OpEx increases (excluding legal fees for structure changes).

Yatra Online, Inc. (YTRA) Q4 2025 Earnings Call Transcript

- **Revenue Explosion**: Q3 revenue up 113% YoY, driven by Hotels & Corporate Travel expansion.
- **Client Acquisition Power**: 50 new clients added with $32M annual potential, diversifying into new industries.
- **MICE Market Goldmine**: $8-10B annual market, with Yatra capturing just 15% of organized segment.
- **AI-Driven Efficiency**: New expense management tool in pilot, cutting back-office costs.
- **Globe Synergy**: Acquired entity contributed $5.3M last year, now fully integrated for margin lift.

**【CEO Key Highlights】**
- **Revenue Surge**: Q3 FY25 revenue reached INR 2.35B (YoY +113%), driven by Hotels & Packages (+81%) and Corporate Travel growth.
- **Corporate Expansion**: Onboarded 50 new clients with INR 2.8B annual billing potential, entering new industries.
- **MICE Momentum**: India's MICE market is $8-10B annually, with Yatra capturing only 15% of organized segment.
- **Acquisition Synergies**: Globe integration ahead of schedule, contributing $5.3M in RLC last year.
- **AI & Efficiency**: AI-driven expense management solution in pilot, reducing back-office costs.

**【CFO Financial Breakdown】**
- **Adjusted EBITDA**: INR 121.5M (YoY +173%), fueled by cost cuts and margin shift.
- **Segment Performance**: 
  - Air: Adjusted margin INR 858M (-23% YoY) due to B2C discount adjustments.
  - Hotels & Packages: Margin INR 438M (+66% YoY), boosted by MICE and cross-selling.
- **Expense Management**: 
  - Marketing down 32%, Personnel up 34% (Globe acquisition impact).
  - Cash reserves stable at INR 1.89B.

**【Q&A Key Takeaways】**
- **Client Onboarding Timeline**: 
  - <INR 50M clients go live in 3-6 months.
  - >INR 50M clients take 6-9 months for full wallet capture.
- **Globe Contribution**: FY24 RLC was $5.3M, now fully integrated into core operations.
- **Restructuring Progress**: Board committee working with global advisors; expects updates in 'near future'.
- **MICE Growth**: Fragmented market offers long-term opportunity; Yatra aims to expand share in organized segment.

Actual							-0.13	-0.0635	-0.0441	-0.0997	-0.01	-0.02	-0.01	-0.01	0.01	-0.01	-0.03	0.0013	-0.0046	-0.0514	-0.0075	0.0019	-0.0001	0	0.0074	0	0.01	-0.25	0
Forecast							-0.0733	-0.06	-0.0631	-0.04	-0.0751	-0.0269	-0.02	-0.0273	0.0117	-0.0113	-0.0007	-0.0029	-0.0172	-0.0513	-0.0273	0.0112	-0.0051	-0.0162	0.0214	-0.0066	-0.0068	0	0.0012
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-77.35%	-5.83%	+30.11%	-149.25%	+86.68%	+25.65%	+50.00%	+63.37%	-14.53%	+11.50%	-4185.71%	+144.83%	+73.26%	-0.19%	+72.53%	-83.04%	+98.04%	+100.00%	-65.42%	+100.00%	+247.06%	0.00%	-100.00%

YTRA

YTRA fundamentals

YTRA Q3 2026 Earnings

Earnings Call

You can ask Aime

YTRA

YTRA fundamentals

YTRA Q3 2026 Earnings

Earnings Call

YTRA Earnings Call Summary for Q3/20268:00 AM on Feb 12, 2026

YTRA Earnings Call Summary for Q2/20268:00 AM on Nov 12, 2025

YTRA Earnings Call Summary for Q1/20268:00 AM on Aug 11, 2025

YTRA Earnings Call Summary for Q4/20258:30 AM on May 30, 2025

YTRA Earnings Call Summary for Q3/20258:30 AM on Feb 11, 2025

You can ask Aime