Yatra Online Inc (YTRA) Q4 2025 Earnings Call Highlights: Record Revenue Growth and Strategic ...

Yahoo

31-05-2025

Annual Revenue: INR7.9 billion (approximately USD93.1 million), up 90% year-over-year.
Quarterly Revenue (Q4): INR2.2 billion (approximately USD25.7 million), up 114% year-over-year.
Revenue Less Service Cost (Q4): INR1.1 billion (approximately USD12.8 million), up 34% year-over-year.
Adjusted EBITDA (Annual): INR344 million (approximately USD4 million), up 28% year-over-year.
Adjusted EBITDA (Q4): INR90 million (approximately USD1.1 million), up 23% year-over-year.
Net Profit (Annual): INR24 million (approximately USD0.3 million), a 106.5% improvement year-over-year.
Cash and Cash Equivalents: INR1,906 million (approximately USD23 million) as of March 31, 2025.
Gross Debt: Reduced to INR546 million (approximately USD6.4 million) as of March 31, 2025.
Corporate Client Acquisition (Q4): 35 new clients, contributing INR1.4 billion in expected annual volumes.
Corporate Client Acquisition (Annual): 148 new clients, contributing INR7.5 billion in expected annual volumes.
Warning! GuruFocus has detected 5 Warning Signs with YTRA.
Release Date: May 30, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Yatra Online Inc (NASDAQ:YTRA) reported a 90% year-over-year increase in annual revenues for FY25, reaching INR7.9 billion (approximately USD93.1 million).
The company's adjusted EBITDA rose by 28% year-over-year, highlighting disciplined execution and profitability.
Yatra Online Inc (NASDAQ:YTRA) added 148 new corporate clients in FY25, contributing to INR7.5 billion in expected annual volumes, reinforcing its market position.
The MICE business showed significant growth, handling over 600 trips and serving more than 80,000 travelers in FY25, with expectations to become a top three player in the segment.
The integration of new distribution capabilities (NDC) enhances the booking experience for corporate travelers, offering more flight options and better pricing.
The geopolitical tensions between India and Pakistan temporarily disrupted travel demand, particularly affecting the northern part of India, which accounts for 25-30% of Yatra's business volumes.
The B2C Air business faced a decline in gross bookings, with a 6% drop in Q4, although stabilization was noted.
The company faces competitive headwinds in the B2C segment, impacting growth potential.
Legal and professional fees related to corporate restructuring have increased operating costs.
The process of converting shares into India shares involves complex procedures across multiple jurisdictions, with no specific timeline for completion.
Q: Dhruv, if the situation were to further deteriorate along the Pakistan border, how much of the business has historically been tied to that region? A: Dhruv Shringi, CEO: The northern part of India accounts for about 25% to 30% of our overall business volumes. If tensions escalate, over 30% of our business could be impacted, considering both the origination and endpoint of travel in this region.
Q: What can you tell us about the proposed corporate structure and its implications for share fungibility? A: Dhruv Shringi, CEO: We have a structure in place that works across multiple jurisdictions. The next steps involve ensuring all procedural aspects are implemented over the coming months. This structure is a significant achievement, and we expect more clarity in the next two to four months.
Q: Are there acquisition opportunities in the MICE sector that could accelerate growth? A: Dhruv Shringi, CEO: We continue to evaluate opportunities. We completed an acquisition about six to seven months ago and are integrating it. Once this is done, we will be free to explore further opportunities.
Q: How much capacity do you have for future revenue growth before needing significant investments in OpEx? Can you grow the business 50% without major cost increases? A: Dhruv Shringi, CEO: We believe we can grow 30% to 40% without significantly altering our cost structure. The current increase in operating costs is mainly due to legal and professional fees related to the structural changes, not operational expansion.
Q: What are the key drivers for your FY26 growth guidance? A: Dhruv Shringi, CEO: We anticipate 20% growth in revenue less service cost and 30% adjusted EBITDA growth, driven by expansion in corporate travel, scaling of MICE and hotels, and full cost synergies from Globe Travels.
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
This article first appeared on GuruFocus.