Yatra Online Inc Q1 2026 Earnings Call Highlights: Record Revenue Growth, Strategic Advances, and Restructuring Progress

Yatra Online Inc reported a 99.7% YoY revenue increase to INR2.098 billion, exceeding its annual guidance of 30% EBITDA growth. The company onboarded 34 new corporate clients, added an AI assistant, and reduced gross debt from INR546 million to INR29 million. However, air ticketing passenger volumes declined 9% YoY, and B2C bookings were impacted by macro events. Operating expenses related to restructuring efforts were significant in the previous quarter.

Yatra Online Inc. (NASDAQ: YTRA) reported robust financial performance for the first quarter of 2025, with a significant 99.7% year-over-year (YoY) increase in revenue to INR 2,098.1 million (USD 24.5 million) [1]. The company's adjusted EBITDA also surged by 214.4% YoY, reflecting strong operational efficiency and growth in high-margin verticals. Despite challenges from macroeconomic factors and travel disruptions, Yatra's diversified revenue streams, particularly the strength in hotels and packages, and the MICE business, effectively mitigated these challenges.

The company's corporate travel segment played a pivotal role in driving growth, with the addition of 34 new corporate clients. This expansion boosted annual billing potential by INR 2,010 million (USD 23.4 million), further solidifying Yatra's position as India's leading corporate travel provider [1]. The integration of Globe Travels, acquired in September 2024, has delivered synergies in supplier consolidation, technology adoption, and cross-selling opportunities, enhancing Yatra's ability to offer seamless, tech-driven solutions to its growing client base [1].

Yatra's financial performance was reflected in its profit for the period, which rose by an impressive 14,514.9% YoY to INR 109.9 million (USD 1.3 million) [1]. The company's operating metrics also showed strong growth, with total gross bookings increasing by 9.1% YoY to INR 18,057.9 million (USD 210.6 million) [1].

Despite the strong performance, air ticketing passenger volumes declined 9% YoY, and B2C bookings were impacted by macro events. Operating expenses related to restructuring efforts were significant in the previous quarter. Yatra remains focused on scaling high-margin verticals, deepening its technology edge, and creating sustainable long-term value for its stakeholders [1].

MakeMyTrip, a leading Indian travel company, has unveiled Myra, an advanced AI-powered Trip Planning Assistant designed to revolutionize the way Indians plan and book their travels [2]. This innovative tool marks a significant upgrade to the company's existing AI capabilities, offering a more intuitive and inclusive approach to travel planning. Myra stands out for its ability to engage in human-like conversations in multiple languages, currently supporting English and Hindi with plans to expand to more Indian languages in the future [2].

Looking ahead, Yatra Online Inc. continues to navigate the complexities of restructuring across jurisdictions and simplifying its corporate structure to enhance shareholder value [1]. The company's strategic priorities include leveraging AI and technology to drive growth and improve operational efficiency.

References:
[1] https://www.morningstar.com/news/business-wire/20250808890225/yatra-online-inc-announces-results-for-the-three-months-ended-june-30-2025
[2] https://theoutpost.ai/news-story/make-my-trip-launches-myra-a-multilingual-ai-travel-assistant-for-seamless-trip-planning-18812/