Yatra Online Limited has informed the Exchange about Transcript
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Yatra Online filed the transcript of its Q1 FY26 earnings call held on August 11, 2025. Revenue came in at INR 209.8 crore, up 108% year-on-year, driven by strong corporate travel and hotels & packages growth, while gross bookings grew 9% YoY for the first time in several quarters. Adjusted EBITDA rose 138% YoY to INR 24.9 crore at a 21% margin, and profit after tax nearly tripled to INR 16 crore, both tracking well ahead of the company's annual guidance of 20% gross margin growth and 30% adjusted EBITDA growth. Gross debt was sharply cut from INR 54.6 crore to just INR 2.9 crore, with cash and equivalents at INR 220.8 crore. Management laid out a multi-year margin roadmap — EBITDA-to-gross-margin ratio of 25% in 12–18 months, 30% in 36 months, with a North Star of around 35% — alongside a target of 70:30 B2B:B2C mix and ~20% gross booking growth going forward.
A clean beat on profitability with debt nearly wiped out and cash position strengthening is a positive for shareholders. The explicit multi-year margin expansion targets and steady execution on the corporate travel pivot provide visibility on continued earnings growth, which should support investor sentiment.