India's Yatra Online Q3 revenue rises as air travel expands

Reuters
02/11
India's <a href="https://laohu8.com/S/YTRA">Yatra Online</a> Q3 revenue rises as air travel expands

Overview

  • India's corporate travel provider Q3 revenue up 9.6% YoY despite aviation sector disruptions

  • Company reported net loss of INR 129.3 mln vs profit last year

  • Adjusted EBITDA decreased by 17.9% YoY

Outlook

  • Company focuses on scaling high-margin segments and enhancing technology capabilities

  • Company progressing on restructuring efforts to unlock shareholder value

Result Drivers

  • CONSUMER AND AFFILIATE MIX - Revenue growth driven by stronger consumer and affiliate travel mix, expansion in air travel, and improved profitability in hotels and packages

  • NEW CORPORATE CLIENTS - Onboarding of 40 new corporate clients expanded annual billing potential by INR 2,234 million

  • GLOBE TRAVELS INTEGRATION - Integration delivered supplier synergies and cross-selling opportunities

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Revenue

INR 2.58 bln

Q2 Net Income

-INR 129.30 mln

Q2 Adjusted EBITDA

INR 99.70 mln

Q2 Gross Bookings

INR 21.76 bln

Analyst Coverage

  • The one available analyst rating on the shares is "buy"

  • The average consensus recommendation for the leisure & recreation peer group is "buy"

  • Wall Street's median 12-month price target for Yatra Online Inc is $3.00, about 98.7% above its February 10 closing price of $1.51

Press Release: ID:nBw8wsjVSa

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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