US Market News
3週前
Yatra Online, Inc. Announces Results for the Three Months and Year Ended March 31, 2026May 22, 2026 9:35 PM
Business Wire Yatra Online, Inc. (NASDAQ: YTRA) (the “Company”), India’s leading corporate travel services provider and one of India’s leading online travel companies, today announced its unaudited financial and operating results for the three months and year ended March 31, 2026. “I am pleased to report that the fourth quarter marked a period of robust financial and operational performance, enabling us to meet our revised full-year growth guidance. This year’s performance can be described as resilient, given the multiple severe disruptions that created a turbulent environment for India’s aviation sector. Disruptions in domestic aviation, coupled with geopolitical developments in the Middle East, significantly impacted the industry. It is important to note that air traffic to and through the region constitutes a substantial proportion of India’s outbound air capacity. Our performance during the quarter remained well balanced across business travel demand, affiliate-sourced business, and the consumer segment. While air travel volumes were slightly depressed, elevated average air ticket prices helped key business lines navigate the challenging environment. The MICE (Corporate Group Travel) segment faced significant headwinds, as many corporates chose to defer or cancel group travel plans to and through the region due to schedule uncertainty and safety concerns arising from the ongoing conflict. For the three months ended March 31, 2026, we reported revenue of INR 1,890.2 million (USD 20.1 million), representing a decline year-over-year of 13.7%. This is due to a decline in the Hotels and Packages business which was severely impacted due to disruption in the Middle East impacting international aviation routes. Our Corporate Travel segment continues to serve as a key growth pillar. During the fourth quarter, we onboarded 55 new corporate clients, expanding our annual billing potential by INR 2,709 million (USD 28.9 million). While the fourth quarter is typically strong for corporate travel due to financial year-end activity, weaker performance in the MICE (Corporate Group Travel) segment impacted the overall growth of this line of business. At the same time, our consumer and affiliate channels benefited from the strength of India’s domestic consumption story and delivered robust growth. We remained focused on driving growth in Air and Hotel revenues while maintaining pricing discipline and margins across both segments, without resorting to discounting. Looking ahead, we remain focused on scaling our high-margin Hotel segment, deepening our technology capabilities—particularly through the use of AI and Data Science to automate processes and improve operational efficiencies—and driving sustainable long-term value for all stakeholders. We continue to explore potential restructuring alternatives and believe there may be a viable structure to pursue. Discussions remain ongoing and are subject to regulatory considerations and timing uncertainties. I extend my sincere thanks to our dedicated team, trusted partners, and supportive shareholders.”— Siddhartha Gupta, CEO Financial and operating highlights for the three months ended March 31, 2026: Revenue of INR 1,890.2 million (USD 20.1 million), representing a decrease of 13.7% on a year-over-year basis (“YoY”). Adjusted Margin(1) from Air Ticketing of INR 1,178.3 million (USD 12.6 million), representing an increase of 27.3% YoY. Adjusted Margin(1) from Hotels and Packages of INR 365.2 million (USD 3.9 million), representing an increase of 2.2% YoY. Total Gross Bookings (Air Ticketing, Hotels and Packages and Other Services)(3) of INR 20,211.2 million (USD 215.4 million), representing an increase of 8.0% YoY. Loss for the period was INR 145.5 million (USD 1.6 million) versus a loss of INR 15.2 million (USD 0.2 million) for the three months ended March 31, 2025, reflecting negative swing of INR 130.3 million (USD 1.4 million) YoY. Result from operations were a loss of INR 214.2 million (USD 2.3 million) versus a loss of INR 33.3 million (USD 0.4 million) for the three months ended March 31, 2025, reflecting negative swing of INR 180.9 million (USD 1.9 million) YoY. Adjusted EBITDA(2) was INR 45.9 million (USD 0.5 million) reflecting a decrease by 49% YoY. Financial and operating highlights for the year ended March 31, 2026: Revenue of INR 10,074.0 million (USD 107.4 million), representing an increase of 26.6% YoY. Adjusted Margin(1) from Air Ticketing of INR 4,372.7 million (USD 46.6 million), representing an increase of 21.9% YoY. Adjusted Margin(1) from Hotels and Packages of INR 1,761.9 million (USD 18.8 million), representing an increase of 19.6% YoY. Total Gross Bookings (Air Ticketing, Hotels and Packages and Other Services)(3) of INR 80,535.8 million (USD 858.3 million), representing an increase of 13.6% YoY. Loss for the period was INR 66.0 million (USD 0.7 million) versus a profit of INR 23.5 million (USD 0.3 million) for the years ended March 31, 2025, reflecting negative swing of INR 89.5 million (USD 1.0 million) YoY. Result from operations were a loss of INR 125.3 million (USD 1.3 million) versus a loss of INR 90.3 million (USD 1.0 million) for the year ended March 31, 2025, reflecting negative swing of INR 35.0 million (USD 0.4 million) YoY. Adjusted EBITDA(2) was INR 563.8 million (USD 6.0 million) reflecting an increase by 64.2% YoY. Three months ended March 31, 2025 2026 2026 YoY Change Unaudited Unaudited Unaudited (In thousands except percentages) INR INR USD % Financial Summary as per IFRS Revenue 2,189,739 1,890,250 20,146 (13.7 )% Results from operations (33,292 ) (214,163 ) (2,283 ) (543.3 )% Loss for the period (15,210 ) (145,470 ) (1,551 ) (856.4 )% Financial Summary as per non-IFRS measures Adjusted Margin (1) Adjusted Margin - Air Ticketing 925,776 1,178,283 12,558 27.3 % Adjusted Margin - Hotels and Packages 357,382 365,222 3,892 2.2 % Adjusted Margin - Other Services 92,161 78,665 838 (14.6 )% Others (Including Other Income) 193,681 134,138 1,430 (30.7 )% Adjusted EBITDA (2) 89,625 45,921 489 (48.8 )% Operating Metrics Gross Bookings (3) 18,713,890 20,211,170 215,401 8.0 % Air Ticketing 14,664,296 16,028,926 170,829 9.3 % Hotels and Packages 3,389,955 3,696,653 39,397 9.0 % Other Services (6) 659,639 485,591 5,175 (26.4 )% Adjusted Margin% (4) Air Ticketing 6.3 % 7.4 % Hotels and Packages 10.5 % 9.9 % Other Services 14.0 % 16.2 % Quantitative details (5) Air Passengers Booked 1,248 1,368 9.6 % Stand-alone Hotel Room Nights Booked 367 500 36.3 % Packages Passengers Travelled 20 16 (19.6 )% Year ended March 31, 2025 2026 2026 YoY Change (In thousands except percentages) INR INR USD % Financial Summary as per IFRS Revenue 7,954,522 10,074,030 107,364 26.6 % Results from operations (90,295 ) (125,318 ) (1,337 ) 38.8 % Profit/(loss) for the period 23,501 (66,018 ) (705 ) (380.9 )% Financial Summary as per non-IFRS measures Adjusted Revenue 1 Adjusted Margin - Air Ticketing 3,588,182 4,372,656 46,602 21.9 % Adjusted Margin - Hotels and Packages 1,472,705 1,761,897 18,778 19.6 % Adjusted Margin - Other Services 313,057 328,392 3,500 4.9 % Others (Including Other Income) 680,015 581,410 6,196 14.5 % Adjusted EBITDA 2 343,391 563,834 6,009 64.2 % Operating Metrics Gross Bookings 3 70,910,166 80,535,823 858,316 13.6 % Air Ticketing 55,272,782 61,874,829 659,435 11.9 % Hotels and Packages 13,053,414 16,577,607 176,677 27.0 % Other Services (6) 2,583,970 2,083,387 22,204 (19.4 )% Net Revenue Margin% 4 Air Ticketing 6.5 % 7.1 % Hotels and Packages 11.3 % 10.6 % Other Services 12.1 % 15.8 % Quantitative details 5 Air Passengers Booked 5,269 5,394 2.4 % Stand-alone Hotel Room Nights Booked 1,663 1,935 16.4 % Packages Passengers Travelled 61 91 49.7 % Note: (1) As certain parts of our revenue are recognized on a “net” basis and other parts of our revenue are recognized on a “gross” basis, we evaluate our financial performance based on Adjusted Margin, which is a non-IFRS measure. (2) See the section below titled “Certain Non-IFRS Measures.” (3) Gross Bookings represent the total amount paid by our customers for travel services, freight services and products booked through us, including taxes, fees and other charges, and are net of cancellation and refunds. (4) Adjusted Margin % is defined as Adjusted Margin as a percentage of Gross Bookings. (5) Quantitative details are considered on a gross basis. (6) Other Services primarily consists of freight business, IT services, bus, rail and cab and others services. As of March 31, 2026, 63,990,178 ordinary shares (on an as-converted basis), par value $0.0001 per share, of the Company (the “Ordinary Shares”) were issued and outstanding. For complete financial tables and results, please see our 6-K filed with the SEC and on our website: https://investors.yatra.com/financial-information/sec-filings/default.aspx Conference Call The Company will host a conference call to discuss its unaudited results for the three months ended March 31, 2026, beginning at 9:00 AM Eastern Daylight Time (or 6:30 PM India Standard Time) on May 25, 2026. Dial in details for the conference call are as follows: US/International dial-in number: +1 585-542-9983. Confirmation Code: 280401239 (Callers should dial in 5-10 minutes prior to the start time and provide the operator with the Confirmation Code). The conference call will also be available via webcast at https://events.q4inc.com/attendee/280401239. Safe Harbor Statement This earnings release contains certain statements concerning the Company’s future growth prospects and forward-looking statements, as defined in the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, as amended. These forward-looking statements are based on the Company’s current expectations, assumptions, estimates and projections about the Company and its industry. These forward-looking statements are subject to various risks and uncertainties. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “will,” “project,” “seek,” “should,” similar expressions and the negative forms of such expressions. Such statements include, among other things, statements regarding the long-term growth trajectory for the Indian travel market; growth of the MICE business and corporate travel business; our expectations regarding the benefits of utilizing AI-enabled services; statements concerning management’s beliefs as well as our strategic and operational plans; our ability to simplify our corporate structure and operations and enhance shareholder value; our expectations regarding sustained margin expansion as a result of simplifying our legal and corporate structure; our future financial performance; our ability to meet our financial guidance; and our ability to comply with Nasdaq’s continued listing requirements for our Ordinary Shares to remain listed on Nasdaq. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, the impact of increasing competition in the Indian travel industry and our expectations regarding the development of our industry and the competitive environment in which we operate; the slowdown in Indian economic growth and other declines or disruptions in the Indian economy in general and travel industry in particular, including disruptions caused by safety concerns, flight cancellations as a result of airline staffing shortages or regulatory noncompliance, terrorist attacks, regional conflicts (including the ongoing conflict between Ukraine and Russia, the evolving events in the Middle East), pandemics, macroeconomic factors, including tariff and trade issues, and natural calamities; our ability to successfully negotiate our contracts with airline suppliers and global distribution system service providers and mitigate any negative impacts on our Revenue that result from reduced commissions, incentive payments and fees we receive; the risk that airline suppliers (including our GDS service providers) may reduce or eliminate the commission and other fees they pay to us for the sale of air tickets; our ability to pursue strategic partnerships and the risks associated with our business partners; the potential impact of recent developments in the Indian travel industry, on our profitability and financial condition; political and economic stability in and around India and other key travel destinations; our ability to maintain and increase our brand awareness; our ability to realize the anticipated benefits of any past or future acquisitions; our ability to successfully implement our growth strategy; our ability to attract, train and retain executives and other qualified employees, and our ability to successfully implement any new business initiatives; our ability to effectively integrate artificial intelligence, machine learning and automated decision-making tools; non-compliance with Nasdaq’s continued listing requirements and consequent delisting of our ordinary shares from Nasdaq; and our ability to simplify our multi-jurisdictional corporate structure or reduce resources and management time devoted to compliance requirement. These and other factors are discussed in our reports filed with the U.S. Securities and Exchange Commission. All information provided in this earnings release is provided as of the date of issuance of this earnings release, and we do not undertake any obligation to update any forward-looking statement, except as required under applicable law. About Yatra Online, Inc. Yatra Online, Inc. is the ultimate parent company of Yatra online India, a public listed company on the National Stock Exchange of India Limited and BSE Limited (hereinafter referred to as “Yatra India”), whose corporate office is based in Gurugram, India. Yatra India is India’s largest corporate travel services provider in terms of number of corporate clients with over 1,300 large corporate customers and approximately 59k registered SME customers and the third largest online travel company in India among key online travel agency (“OTA”) players in terms of gross booking revenue and operating revenue for Fiscal 2023 (Source: CRISIL Report). Leisure and business travellers use Yatra India’s mobile applications, its website, www.yatra.com, and its other offerings and services to explore, research, compare prices and book a wide range of travel-related services. These services include domestic and international air ticketing on nearly all Indian and international airlines, as well as bus ticketing, rail ticketing, cab bookings and ancillary services within India. With approximately 80k hotels and homestays in approximately 1,500 cities and towns in India as well as more than 2.5 million hotels around the world, Yatra India has the largest hotels inventory amongst key Indian OTA players. View source version on businesswire.com: https://www.businesswire.com/news/home/20260522355752/en/ For more information, please contact:
Stephanie Oshchepkov
ICR Inc.
Email: stephanie.oshchepkov@icrinc.com Original: Yatra Online, Inc. Announces Results for the Three Months and Year Ended March 31, 2026
US Market News
4月前
Yatra Online, Inc. Announces Results for the Three Months Ended December 31, 2025February 11, 2026 9:17 AM
Business Wire
Yatra Online, Inc. (NASDAQ: YTRA) (the “Company”), India’s leading corporate travel services provider and one of India’s leading online travel companies, today announced its unaudited financial and operating results for the three months ended December 31, 2025.
“I am pleased to report that the third quarter marked a period of robust financial and operational performance, with results exceeding our initial full-year growth guidance, despite disruptions in India’s domestic aviation sector and geopolitical developments impacting international travel, particularly traffic to and through the Middle East region. Our performance was driven by balanced growth across business travel demand, affiliate-sourced business, and our consumer segment, underpinned by sustained momentum and effective execution across our platforms.
“For the three months ended December 31, 2025, we reported revenue of INR 2,576.9 million (USD 28.7 million) registering growth of 9.6% YoY. This growth was driven by a stronger consumer and affiliate travel mix, continued expansion in Air, and improved profitability in Hotels and Packages.
“Our Corporate Travel segment continues to serve as a key growth pillar. During the third quarter, we onboarded 40 new corporate clients, expanding annual billing potential by INR 2,234 million (USD 24.9 million). While the third quarter is typically a lean period for corporate travel due to year-end holidays, we proactively accelerated growth in our consumer and affiliate channels. This included an aggressive focus on Air revenues while maintaining pricing discipline and margins in Hotels, without resorting to discounting.
“The integration of Globe Travels has progressed well, delivering supplier synergies, technology enhancements, and cross-selling opportunities that further strengthen our client value proposition.
“As part of our ongoing efforts around restructuring, the Company believes it has a viable structure to pursue. The Company is progressing on its restructuring efforts to unlock shareholder value, with timelines subject to regulatory intricacies.
“Looking ahead, we remain focused on scaling high-margin segments, deepening our technology capabilities, and driving sustainable long-term value for all stakeholders.
“I extend my sincere thanks to our dedicated team, trusted partners, and supportive shareholders.” – Siddhartha Gupta, CEO.
Financial and operating highlights for the three months ended December 31, 2025:
Revenue of INR 2,576.9 million (USD 28.7 million), representing an increase of 9.6% year-over-year basis (“YoY”).
Adjusted Margin(1) from Air Ticketing of INR 1,195.8 million (USD 13.3 million), representing an increase of 39.4% YoY.
Adjusted Margin(1) from Hotels and Packages of INR 502.1 million (USD 5.6 million), representing an increase of 14.6% YoY.
Total Gross Bookings (Air Ticketing, Hotels and Packages and Other Services)(3) of INR 21,761.9 million (USD 242.2 million), representing an increase of 20.9% YoY.
Loss for the period was INR 129.3 million (USD 1.4 million) versus a profit of INR 39.8 million (USD 0.4 million) for the three months ended December 31, 2024, reflecting negative swing of INR 169.1 million (USD 1.8 million) YoY.
Results from operations were a loss of INR 120.2 million (USD 1.3 million) versus a profit of INR 14.8 million (USD 0.2 million) for the three months ended December 31, 2024, reflecting negative swing of INR 135.0 million (USD 1.5 million) YoY.
Adjusted EBITDA(2) was INR 99.7 million (USD 1.1 million) reflecting a decrease by 17.9% YOY.
Three months ended December 31,
2024
2025
2025
Unaudited
Unaudited
Unaudited
YoY Change
(In thousands except percentages)
INR
INR
USD
%
Financial Summary as per IFRS
Revenue
2,350,740
2,576,946
28,684
9.6
%
Results from operations
14,799
(120,203
)
(1,337
)
(912.2
)%
(Loss)/ Profit for the period
39,769
(129,258
)
(1,438
)
(425.0
)%
Financial Summary as per non-IFRS measures
Adjusted Margin (1)
Adjusted Margin - Air Ticketing
857,599
1,195,810
13,310
39.4
%
Adjusted Margin - Hotels and Packages
438,035
502,058
5,588
14.6
%
Adjusted Margin - Other Services
72,843
82,855
922
13.7
%
Others (Including Other Income)
185,956
168,428
1,875
(9.4
)%
Adjusted EBITDA (2)
121,458
99,703
1,110
(17.9
)%
Operating Metrics
Gross Bookings (3)
17,997,061
21,761,945
242,230
20.9
%
Air Ticketing
13,828,120
16,931,280
188,460
22.4
%
Hotels and Packages
3,603,122
4,305,989
47,930
19.5
%
Other Services (6)
565,819
524,676
5,840
(7.3
)%
Adjusted Margin% (4)
Air Ticketing
6.2
%
7.1
%
Hotels and Packages
12.2
%
11.7
%
Other Services
12.9
%
15.8
%
Quantitative details (5)
Air Passengers Booked
1,314
1,491
13.5
%
Stand-alone Hotel Room Nights Booked
418
508
21.5
%
Packages Passengers Travelled
18
23
27.1
%
Note:
(1)
As certain parts of our revenue are recognized on a “net” basis and other parts of our revenue are recognized on a “gross” basis, we evaluate our financial performance based on Adjusted Margin, which is a non-IFRS measure.
(2)
See the section below titled “Certain Non-IFRS Measures.”
(3)
Gross Bookings represent the total amount paid by our customers for travel services, freight services and products booked through us, including taxes, fees and other charges, and are net of cancellation and refunds.
(4)
Adjusted Margin % is defined as Adjusted Margin as a percentage of Gross Bookings.
(5)
Quantitative details are considered on a gross basis.
(6)
Other Services primarily consists of freight business, IT services, bus, rail and cab and others services.
As of December 31, 2025, 63,929,922 ordinary shares (on an as-converted basis), par value $0.0001 per share, of the Company (the “Ordinary Shares”) were issued and outstanding.
For complete financial tables and results, please see our 6-K filed with the SEC and on our website: https://investors.yatra.com/financial-information/sec-filings/default.aspx
Conference Call
The Company will host a conference call to discuss its unaudited results for the three months ended December 31, 2025 beginning at 8:00 AM Eastern Daylight Time (or 6:30 PM India Standard Time) on February 12, 2026. Dial in details for the conference call is as follows: US/International dial-in number: +1 646 844 6383. Confirmation Code: 724399 (Callers should dial in 5-10 minutes prior to the start time and provide the operator with the Confirmation Code). The conference call will also be available via webcast at https://events.q4inc.com/attendee/325177156.
Safe Harbor Statement
This earnings release contains certain statements concerning the Company’s future growth prospects and forward-looking statements, as defined in the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, as amended. These forward-looking statements are based on the Company’s current expectations, assumptions, estimates and projections about the Company and its industry. These forward-looking statements are subject to various risks and uncertainties. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “will,” “project,” “seek,” “should” similar expressions and the negative forms of such expressions. Such statements include, among other things, statements regarding the long-term growth trajectory for the Indian travel market; growth of the MICE business and corporate travel business; our expectations regarding the benefits of utilizing AI-enabled services; statements concerning management’s beliefs as well as our strategic and operational plans; our ability to simplify our corporate structure and operations and enhance shareholder value; our expectations regarding sustained margin expansion as a result of simplifying our legal and corporate structure; our future financial performance; our ability to meet our financial guidance; and our ability to comply with Nasdaq’s continued listing requirements for our Ordinary Shares to remain listed on Nasdaq. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, the impact of increasing competition in the Indian travel industry and our expectations regarding the development of our industry and the competitive environment in which we operate; the slowdown in Indian economic growth and other declines or disruptions in the Indian economy in general and travel industry in particular, including disruptions caused by safety concerns, flight cancellations as a result of airline staffing shortages or regulatory noncompliance, terrorist attacks, regional conflicts (including the ongoing conflict between Ukraine and Russia, the evolving events in the Middle East, pandemics, macroeconomic factors, including tariff and trade issues, and natural calamities; our ability to successfully negotiate our contracts with airline suppliers and global distribution system service providers and mitigate any negative impacts on our Revenue that result from reduced commissions, incentive payments and fees we receive; the risk that airline suppliers (including our GDS service providers) may reduce or eliminate the commission and other fees they pay to us for the sale of air tickets; our ability to pursue strategic partnerships and the risks associated with our business partners; the potential impact of recent developments in the Indian travel industry, on our profitability and financial condition; political and economic stability in and around India and other key travel destinations; our ability to maintain and increase our brand awareness; our ability to realize the anticipated benefits of any past or future acquisitions; our ability to successfully implement our growth strategy; our ability to attract, train and retain executives and other qualified employees, and our ability to successfully implement any new business initiatives; our ability to effectively integrate artificial intelligence, machine learning and automated decision-making tools; non-compliance with Nasdaq’s continued listing requirements and consequent delisting of our ordinary shares from Nasdaq; and our ability to simplify our multi-jurisdictional corporate structure or reduce resources and management time devoted to compliance requirement. These and other factors are discussed in our reports filed with the U.S. Securities and Exchange Commission. All information provided in this earnings release is provided as of the date of issuance of this earnings release, and we do not undertake any obligation to update any forward-looking statement, except as required under applicable law.
About Yatra Online, Inc.
Yatra Online, Inc. is the ultimate parent company of Yatra India, a public listed company on the National Stock Exchange of India Limited and BSE Limited, whose corporate office is based in Gurugram, India. Yatra India is India’s largest corporate travel services provider in terms of number of corporate clients with over 1,300 large corporate customers and approximately 58,983 registered SME customers and the third largest online travel company in India among key online travel agency (“OTA”) players in terms of gross booking revenue and operating revenue for Fiscal 2023 (Source: CRISIL Report). Leisure and business travellers use Yatra India’s mobile applications, its website, www.yatra.com, and its other offerings and services to explore, research, compare prices and book a wide range of travel-related services. These services include domestic and international air ticketing on nearly all Indian and international airlines, as well as bus ticketing, rail ticketing, cab bookings and ancillary services within India. With approximately 80,685 hotels and homestays in approximately 1,500 cities and towns in India as well as more than 2.5 million hotels around the world, Yatra India has the largest hotels inventory amongst key Indian OTA players.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260211590797/en/
For more information, please contact:
Bill Zima
ICR Inc.
Email: bill.zima@icrinc.com
Original: Yatra Online, Inc. Announces Results for the Three Months Ended December 31, 2025
AskMuncher
6年前
$YTRA Yatra Online, Inc. Announces Results for the Three Months Ended September 30, 2020
Press Release | 11/05/2020
Yatra Online, Inc. Announces Results for the Three Months Ended September 30, 2020
PR Newswire
GURUGRAM, India and NEW YORK, Nov. 5, 2020
GURUGRAM, India and NEW YORK, Nov. 5, 2020 /PRNewswire/ -- Yatra Online, Inc. (NASDAQ: YTRA) (OTCQX: YTROF), India's leading corporate travel services provider and one of India's leading online travel companies, today announced its unaudited financial and operating results for the three months ended September 30, 2020
Yatra Online Inc Logo
"The domestic aviation market in India continued on its path of recovery with October 2020 passenger traffic up 33% from September 2020 levels having recovered to 42% of October 2019 levels. This recovery in domestic travel led to a sequential quarterly growth of 60% in our Adjusted Revenue to INR 377.7 million (USD 5.1 million). This growth in revenue further combined with strong cost control enabled us to reduce our adjusted EBITDA loss sequentially from INR 309.4 million (USD 4.1 million) in the June 2020 quarter to INR 125.0 million (USD 1.7 million) in the September 2020 quarter. We continue to believe our current liquidity position and cost restructuring efforts provides us with enough capital to withstand a prolonged slowdown in the travel industry should that occur." Mr. Dhruv Shringi, Co-founder and CEO.
Financial and operating highlights for the three months ended September 30, 2020:
Revenue of INR 263.3 million (USD 3.6 million).
Adjusted Revenue of INR 377.7 million (USD 5.1 million), representing a decrease of 75.2% YOY.
Adjusted Revenue from Air Ticketing of INR 253.2 million (USD 3.4 million), representing a decrease of YOY 75.4%.
Adjusted Revenue from Hotels and Packages of INR 45.5 million (USD 0.6 million), representing a decrease of 72.5% YOY.
Total Gross Bookings (Air Ticketing and Hotels and Packages) of INR 1,687.7 million (USD 22.9 million).
Loss for the period of INR 300.6 million (USD 4.1 million).
Adjusted EBITDA Loss of INR 125.0 million (USD 1.7 million) representing a decline of 115.5% YOY.
About Yatra Online, Inc.
Yatra Online, Inc. is the parent company of Yatra Online Pvt. Ltd. which is based in Gurugram, India and is India's leading Corporate Travel services provider with over 700+ Corporate customers and one of India's leading online travel companies and operates the website https://www.yatra.com/. The company provides information, pricing, availability, and booking facility for domestic and international air travel, domestic and international hotel bookings, holiday packages, buses, trains, in city activities, inter-city and point-to-point cabs, homestays and cruises. As a leading platform of accommodation options, Yatra provides real-time bookings for more than 103,000 hotels in India and over 1,500,000 hotels around the world.
Safe Harbor Statement
Statements contained in this press release that relate to future results and events may constitute "forward-looking statements" within the meaning of safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on the Company's current expectations, assumptions, estimates and projections about the Company and its industry. These forward-looking statements are subject to various risks and uncertainties. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "anticipate," "believe," "estimate," "expect," "intend," "will," "project," "seek," "seem," "should" and similar expressions. Such statements include, among other things, management's beliefs as well as our strategic and operational plans. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, the slow-down of economic growth in India and the global economic downturn, general declines or disruptions in the travel industry, volatility in the trading price of our shares, our reliance on our relationships with travel suppliers and strategic alliances, failure to further increase our brand recognition to obtain new business partners and consumers, failure to compete against new and existing competitors, failure to successfully manage current growth and potential future growth, risks associated with any strategic investments or acquisitions, seasonality in the travel industry in India and overseas, failure to successfully develop our corporate travel business, damage to or failure of our infrastructure and technology, loss of services of our key executives, and inflation in India and in other countries. These and other factors are discussed in our reports filed with the U.S. Securities and Exchange Commission. All information provided in this earnings release is provided as of the date of issuance of this earnings release, and we do not undertake any obligation to update any forward-looking statement, except as required under applicable law.
Cision View original content:http://www.prnewswire.com/news-releases/yatra-online-inc-announces-results-for-the-three-months-ended-september-30-2020-301167113.html
SOURCE "Yatra Online
AskMuncher
6年前
$YFRA Yatra Online, Inc. Announces Results For The Three Months Ended June 30, 2020
Press Release | 09/09/2020
Yatra Online, Inc. Announces Results For The Three Months Ended June 30, 2020
PR Newswire
GURUGRAM, India and NEW YORK, Sept. 9, 2020
GURUGRAM, India and NEW YORK, Sept. 9, 2020 /PRNewswire/ -- Yatra Online, Inc. (NASDAQ: YTRA, OTCQX: YTROF), India's leading corporate travel services provider and one of India's leading online travel companies, today announced its unaudited financial and operating results for the three months ended June 30, 2020.
(PRNewsfoto/Yatra Online, Inc.)
"We are starting to see a gradual recovery in travel after the reopening of domestic aviation towards the end of May 2020 post India's nationwide lockdown in March and April earlier this year. During the quarter we focused our efforts on restructuring our costs and significantly brought down our fixed cost run rate from approximately INR 203.9 million (USD 2.7 million) a month in March 2020 to approximately INR 90.6 million (USD 1.2 million) a month in May 2020 through a combination of salary cuts ranging from 25% to 75% and renegotiation of contracts with our various service providers. There was an adverse impact of INR 168.4 million (USD 2.2 million) on our operating performance in the current quarter due to legal and professional fees related to the merger transaction with Ebix, Inc. Excluding such fees, our Adjusted EBITDA loss would have been INR 141.0 million (USD 1.9 million) for the quarter versus an Adjusted EBITDA loss of INR 205.8 million (USD 2.7 million) for the same quarter last year. We believe our current liquidity position and cost restructuring efforts will provide us with enough capital to withstand a prolonged slowdown in the travel industry should that occur." Dhruv Shringi, Co-founder and CEO.
Financial and operating highlights for the three months ended June 30, 2020:
Revenue of INR 192.0 million (USD 2.5 million).
Adjusted Revenue of INR 236.2 million (USD 3.1 million ), representing a decrease of 86.2% YOY.
Adjusted Revenue from Air Ticketing of INR 170.2 million (USD 2.3 million), representing a decrease of YOY 85.2%.
Adjusted Revenue from Hotels and Packages of INR 11.9 million (USD 0.2 million), representing a decrease of 94.9% YOY.
Total Gross Bookings (Air Ticketing and Hotels and Packages) of negative INR 205.0 million (negative USD 2.7 million).
Loss for the period of INR 79.5 million (USD 1.1 million).
Adjusted EBITDA Loss of INR 309.4 million (USD 4.1 million) representing an increase of 50.3% YOY.
About Yatra Online, Inc.
Yatra Online, Inc. is the parent company of Yatra Online Pvt. Ltd. which is based in Gurugram, India and is India's leading Corporate Travel services provider with over 700+ Corporate customers and one of India's leading online travel companies and operates the website https://www.yatra.com/. The company provides information, pricing, availability, and booking facility for domestic and international air travel, domestic and international hotel bookings, holiday packages, buses, trains, in city activities, inter-city and point-to-point cabs, homestays and cruises. As a leading platform of accommodation options, Yatra provides real-time bookings for more than 108,000 hotels in India and over 1,500,000 hotels around the world.
Safe Harbor Statement
Statements contained in this press release that relate to future results and events may constitute "forward-looking statements" within the meaning of safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on the Company's current expectations, assumptions, estimates and projections about the Company and its industry. These forward-looking statements are subject to various risks and uncertainties. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "anticipate," "believe," "estimate," "expect," "intend," "will," "project," "seek," "seem," "should" and similar expressions. Such statements include, among other things, management's beliefs as well as our strategic and operational plans. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, the slow-down of economic growth in India and the global economic downturn, general declines or disruptions in the travel industry, volatility in the trading price of our shares, our reliance on our relationships with travel suppliers and strategic alliances, failure to further increase our brand recognition to obtain new business partners and consumers, failure to compete against new and existing competitors, failure to successfully manage current growth and potential future growth, risks associated with any strategic investments or acquisitions, seasonality in the travel industry in India and overseas, failure to successfully develop our corporate travel business, damage to or failure of our infrastructure and technology, loss of services of our key executives, and inflation in India and in other countries. These and other factors are discussed in our reports filed with the U.S. Securities and Exchange Commission. All information provided in this earnings release is provided as of the date of issuance of this earnings release, and we do not undertake any obligation to update any forward-looking statement, except as required under applicable law.
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SOURCE Yatra Online, Inc.