Yatra Online Limited has informed the Exchange regarding Appointment of M/s. Ernst and Young LLP as Internal Auditors of the company for the financial year 2025-26 w.e.f. August 08, 2025.
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Yatra Online's board, at its August 08, 2025 meeting, approved the unaudited Q1 FY26 results. Consolidated revenue rose to ₹2,098.14 million from ₹1,008.07 million in Q1 FY25, while profit jumped to ₹159.97 million (from ₹40.42 million), with EPS of ₹1.02 versus ₹0.26 a year ago. The board re-appointed Ernst & Young LLP as Internal Auditor for FY 2025-26 and appointed Chandrasekaran Associates as Secretarial Auditor for a five-year term (FY 2025-26 to FY 2029-30), pending shareholder approval. Separately, the auditor's review flagged SEBI queries on ₹3,391.44 million of IPO proceeds classified as 'Customer acquisition and growth' deposits; the company maintains this classification is correct based on legal opinions. Net IPO proceeds of ₹708.62 million remain unutilised as of June 30, 2025.
Strong year-on-year growth in both revenue and profit signals improving business momentum, which is positive for shareholders. The pending SEBI query on IPO fund classification is a mild governance overhang but management's legal-backed defence limits immediate risk; investors should watch for any further regulatory action.