Yatra Online Limited has informed the Exchange about Transcript
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Yatra Online filed the transcript of its Q4 FY25 earnings call held on May 30, 2025. The company reported its most profitable quarter ever with Q4 PAT of INR 152 million, up 173% year-on-year, on revenue of INR 2,190 million (up 103%). Full year FY25 revenue grew 87% to INR 7,914 million, EBITDA rose 105%, and PAT turned sharply positive at INR 366 million (up 912% from a loss). Management introduced initial FY26 guidance of 20% growth in gross margin (revenue less service cost) and 30% growth in EBITDA, driven by corporate travel expansion, MICE scaling, and full-year synergies from the Globe acquisition. The company added 148 new corporate clients in FY25 contributing INR 7.5 billion in expected annual business, ended the year with INR 1,906 million in cash, and reduced gross debt to INR 546 million. Briefly discussed geopolitical disruption (Pahalgam incident) and plans for a co-branded credit card to ease working capital needs.
Positive for shareholders: highest-ever quarterly profit, 912% PAT turnaround, and explicit forward guidance of 20% gross margin and 30% EBITDA growth for FY26 strengthen the growth and profitability story. Near-term volatility from MICE seasonality and ongoing B2C stabilization remains, but the improving mix toward higher-margin corporate and MICE business should support multiple expansion.