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Business Standard
12-08-2025
- Business
- Business Standard
Yatra Online shares up 16% as analysts hike target; soars 35% in two days
Shares of Yatra Online rallied over 16 per cent on Tuesday as analysts upped the target price after the company's June quarter performance beat street estimates. The travel services company's stock rose as much as 16.5 per cent during the day to ₹133.9 per share. The stock pared gains to trade 13.8 per cent higher at ₹130.7 apiece, compared to a 0.09 per cent advance in Nifty 50 as of 11:37 AM. Shares of the company have jumped nearly 35 per cent in two sessions, after rising 20 per cent on Monday. They currently trade at 28 times the average 30-day trading volume, according to Bloomberg. The counter has risen 12.7 per cent this year, compared to a 4.2 per cent advance in the benchmark Nifty 50. Yatra Online has a total market capitalisation of ₹2,056.39 crore. Yatra Online Q1 results The company reported a consolidated net profit of ₹16 crore in the first quarter of the financial year 2025-26, against a profit of ₹4.04 crore in the year-ago period. Revenue from operations surged 108.1 per cent year-on-year (Y-o-Y) to ₹209.81 crore in the quarter ended June 2025. Profit before tax jumped 293.5 per cent to ₹17.08 crore. Ebitda rose 246 per cent to ₹24.2 crore from ₹7 crore in the corresponding quarter last year, while the Ebitda margin improved to 11.53 per cent from 6.94 per cent. Yatra Online's Chief Executive Officer Dhruv Shringi said that the growth rates in the quarter were well ahead of the annual guidance, despite the disruption in travel in India on account of the cross-border tension and the unfortunate air crash in June 2025. "As we look ahead, we remain focused on driving sustainable growth, enhancing shareholder value, and expanding our competitive edge in the global travel ecosystem." Analysts on Yatra Online Q1 earnings Antique Stock Broking said that the Q1 performance was marked by a healthy Ebitda margin, stronger results in the standalone hotel business, sustained growth in the corporate segment, and a four-fold Y-o-Y increase in profitability. The brokerage noted that the company's strategic focus on corporate clients and the meetings, incentives, conferences, and exhibitions (MICE) segment is delivering positive results. Antique Stock Broking remains optimistic, projecting earnings growth at a compound annual growth rate of 45 per cent for FY25-28, driven by continued expansion in the high-margin corporate and MICE segments. It maintained a 'Buy' rating on the stock, with a revised target price of ₹175 (previously ₹136). JM Financial said Yatra Online delivered a healthy Ebitda beat in the first quarter, driven by a favourable business mix and higher air ticketing take rates. New corporate client additions remained strong, supported by robust organic trends. The brokerage is now factoring in consolidated revenue and adjusted Ebitda growth of 29 per cent and 66 per cent, respectively, in FY26, above management guidance. It noted that the stock trades at attractive valuations. The brokerage revised the target price to ₹170 for June 2026 and maintained a 'Buy' rating.
Business Standard
11-08-2025
- Business
- Business Standard
Yatra Online hits the roof after multi-fold jump in Q1 PAT to Rs 16 cr
Yatra Online hit upper circuit of 20% at Rs 115.04 after the company reported a consolidated net profit of Rs 16 crore in Q1 FY26, which is significantly higher as compared with PAT of Rs 4.04 crore recorded in Q1 FY25. Revenue from operations surged 108.1% YoY to Rs 209.81 crore in Q1 June 2025. Profit before tax (PBT) soared 293.5% YoY to Rs 17.08 crore in Q1 FY26. EBITDA stood at Rs 24.2 crore , registering the growth of 246% compared with Rs 7 crore posted in same quarter last year. EBITDA margin was at 11.53% in Q1 FY26 as against 6.94% in Q1 FY25. The growth in EBITDA and PAT was driven by strong performance in the corporate business and higher-margin hotels & packages (H&P) businesses, driven by sustained momentum in MICE and standalone hotel cross selling to existing customers. The company said that it continues to make strong progress on the path to sustained profitability despite facing macro head winds in the quarter from wars to tariffs to unfortunate air crash, all of which negatively impacted volumes. In Q1 FY26, the company has signed 34 new customers in the corporate business with annual billing potential of Rs 200 crore. Yatra Online, whole time director and chief executive officer, Dhruv Shringi stated: I am pleased to share that our first-quarter performance delivered strong financial and operational results, with growth rates in the quarter well ahead of our annual guidance, despite the disruption in travel in India on account of the cross-border tension and the unfortunate air crash in June 2025. Our performance is driven by continued momentum in business travel demand and solid execution across our platform. Revenue growth was driven by a higher corporate travel mix and higher share of hotels and packages which combined with disciplined cost management enabled us to deliver a 247.0% increase in EBITDA and an almost 4x growth in PAT. These results affirm the strength of our strategic positioning and our ability to scale profitably. As we look ahead, we remain focused on driving sustainable growth, enhancing shareholder value, and expanding our competitive edge in the global travel ecosystem. Yatra Online is Indias largest corporate travel services provider. Through its website, mobile applications, corporate SaaS platform, and other associated platforms, it enables leisure and business travelers to explore, research, compare prices and book a wide range of services, including domestic and international air ticketing, hotel bookings, homestays, holiday packages, bus and rail ticketing activities and ancillary services catering to the travel needs.
Business Standard
09-08-2025
- Business
- Business Standard
Yatra Online reports multi-fold PAT to Rs 16 cr in Q1 FY26
Yatra Online reported a consolidated net profit of Rs 16 crore in Q1 FY26, which is significantly higher as compared with PAT of Rs 4.04 crore recorded in Q1 FY25. Revenue from operations surged 108.1% YoY to Rs 209.81 crore in Q1 June 2025. Profit before tax (PBT) soared 293.5% YoY to Rs 17.08 crore in Q1 FY26. EBITDA stood at Rs 24.2 crore , registering the growth of 246% compared with Rs 7 crore posted in same quarter last year. EBITDA margin was at 11.53% in Q1 FY26 as against 6.94% in Q1 FY25. The growth in EBITDA and PAT was driven by strong performance in the corporate business and higher-margin hotels & packages (H&P) businesses, driven by sustained momentum in MICE and standalone hotel cross selling to existing customers. The company said that it continues to make strong progress on the path to sustained profitability despite facing macro head winds in the quarter from wars to tariffs to unfortunate air crash, all of which negatively impacted volumes. In Q1 FY26, the company has signed 34 new customers in the corporate business with annual billing potential of Rs 200 crore. Yatra Online, whole time director and chief executive officer, Dhruv Shringi stated: I am pleased to share that our first-quarter performance delivered strong financial and operational results, with growth rates in the quarter well ahead of our annual guidance, despite the disruption in travel in India on account of the cross-border tension and the unfortunate air crash in June 2025. Our performance is driven by continued momentum in business travel demand and solid execution across our platform. Revenue growth was driven by a higher corporate travel mix and higher share of hotels and packages which combined with disciplined cost management enabled us to deliver a 247.0% increase in EBITDA and an almost 4x growth in PAT. These results affirm the strength of our strategic positioning and our ability to scale profitably. As we look ahead, we remain focused on driving sustainable growth, enhancing shareholder value, and expanding our competitive edge in the global travel ecosystem. Yatra Online is Indias largest corporate travel services provider. Through its website, mobile applications, corporate SaaS platform, and other associated platforms, it enables leisure and business travelers to explore, research, compare prices and book a wide range of services, including domestic and international air ticketing, hotel bookings, homestays, holiday packages, bus and rail ticketing activities and ancillary services catering to the travel needs. The counter declined 2.64% to end at Rs 95.87 on the BSE.
Yahoo
30-05-2025
- Business
- Yahoo
Yatra Leans Hard into Business Travel, Plans Co-Branded Corporate Card
Yatra is doubling down on corporate travel: Results in its most recent quarter, announced Friday, were driven largely by the strength of enterprise travel and meetings. And now it is preparing to launch a co-branded credit card aimed at corporate customers. The company added 148 corporate clients over the past fiscal year, representing an estimated INR 7.5 billion ($87.6 million) in annual business. 'Corporate travel is now 65% of our gross bookings, and we expect this share to increase,' Wholetime Director and CEO Dhruv Shringi told analysts during an earnings call. 'There's a clear shift underway. We're replacing lower-value consumer bookings with high-value corporate ones. The margins and realization on corporate travel are significantly higher.' Yatra now claims a market share of 11–12% by spend in India's managed corporate travel space, and serves approximately 1,150–1,200 clients in this vertical. With a corporate client retention rate of 97%, Yatra believes this business has built a strong moat. Yatra already has a co-branded credit card for consumer travel with India's largest bank State Bank of India (SBI), but the corporate one is new. Shringi said over 30% of Yatra's bookings are on corporate credit card platforms. While many large corporates currently use cards from providers like Amex, HDFC, and Citi through standard business or corporate travel account platforms, Yatra plans to roll out its own offering to capture more value from transactions and reduce working capital needs. 'That is the general idea. There are nuances, but that's the direction,' confirmed Shringi when asked about plans to shift corporates from third-party card platforms to Yatra's own. Shringi said one-third of Yatra's income could potentially come from the expense management and card solutions. Yatra's acquisition of Globe is already bearing fruit, particularly in the high-margin MICE space (Meetings, Incentives, Conferences, and Exhibitions). Last year in September, Yatra announced its decision to acquire Globe All India Services (Globe Travels), a corporate travel services provider, for INR 1.28 billion ($15.25 million). Over the past nine months, the combined platform handled over 600 trips and served more than 80,000 travelers. The company believes it's on track to become one of the top three MICE players in India this year. 'This broader portfolio opens up meaningful cross-sell opportunities across our hotel inventory and expense management solutions, allowing us to deliver more integrated and customized travel programs to corporate customers,' Shringi said. The Indian MICE market is projected to grow from $3.3 billion in 2023 to $10.5 billion by 2030. Yatra has also taken a lead in adopting IATA's New Distribution Capability (NDC), integrating it with its self-booking platform for corporate travelers. This enables access to richer fare content, dynamic pricing, and ancillary services not available through traditional channels. AI is also playing a growing role in Yatra's corporate offerings. The newly introduced 'Low Fare Finder' tool can automatically alert travelers if fares drop after booking, allowing rebooking at lower prices up to six hours before departure. Yatra is also developing intelligent bots to handle email and call queries more efficiently. 'These bots will reduce servicing costs significantly,' Shringi said. 'We're using technology to redefine what proactive travel services can look like.' Yatra's consumer business, which had been under pressure, showed signs of stabilization in the fourth quarter, with gross bookings down just 6%. SEO improvements and more bundled offers through the corporate channel helped stem losses. But the long-term focus is clear. Yatra ended fiscal 2025 with annual revenues of INR 7.9 billion ($92.5 million), up 87% year-on-year. Adjusted EBITDA rose 25% to INR 667 million ($7.8 million), and net profit surged to INR 366 million ($4.3 million) from a loss the previous year, an improvement of 912%. In the fourth quarter for fiscal 2025, Yatra delivered a growth of 103% year-on-year in revenue of INR 2.2 billion ($25.6 million). Its net profit grew by 173% to INR 152 million ($1.8 million) in the fourth quarter, which was the highest quarterly reported PAT in Yatra's history. Adjusted EBITDA surged 62% year-on-year to INR 251 million ($2.9 million) in the fourth quarter. Get breaking travel news and exclusive hotel, airline, and tourism research and insights at Sign in to access your portfolio
Skift
30-05-2025
- Business
- Skift
Yatra Leans Hard into Business Travel, Plans Co-Branded Corporate Card
After some time chasing the consumer travel market with limited payoff, Yatra is seeing results with a focus on corporate travel. Yatra is doubling down on corporate travel: Results in its most recent quarter, announced Friday, were driven largely by the strength of enterprise travel and meetings. And now it is preparing to launch a co-branded credit card aimed at corporate customers. The company added 148 corporate clients over the past fiscal year, representing an estimated INR 7.5 billion ($87.6 million) in annual business. 'Corporate travel is now 65% of our gross bookings, and we expect this share to increase,' Wholetime Director and CEO Dhruv Shringi told analysts during an earnings call. 'There's a clear shift underway. We're replacing lower-value consumer bookings with high-value corporate ones. The margins and realization on corporate travel are significantly higher.' Yatra now claims a market share of 11–12% by spend in India's managed corporate travel space, and serves approximately 1,150–1,200 clients in this
