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
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(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.)