Yatra Online Limited has informed the Exchange regarding Board meeting held on August 08, 2025.
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Yatra Online's board approved its Q1 FY26 (quarter ended June 30, 2025) financial results. On a consolidated basis, revenue from operations nearly doubled to ₹2,098.14 million from ₹1,008.07 million a year earlier, while profit after tax jumped to ₹159.97 million from ₹40.42 million (about 4x growth), with EPS of ₹1.02 vs ₹0.26. On a standalone basis, revenue rose to ₹1,055 million from ₹659.72 million and PAT climbed to ₹73.70 million from ₹21.38 million. The board also re-appointed Ernst & Young LLP as internal auditors for FY 2025-26 and appointed Chandrasekaran Associates as secretarial auditors for a five-year term (FY 2025-26 to FY 2029-30), subject to shareholder approval. The statutory auditor (MSKA & Associates) flagged SEBI and NSE queries on ₹3,391.44 million of IPO proceeds that were classified as deposits/advances for airline ticket and hotel bookings till June 30, 2024; management, relying on legal opinions, maintains the classification is in line with the offer document, and the auditor's review conclusion remains unmodified.
Strong Q1 performance with revenue and profits showing triple-digit growth on a low base, which should be viewed positively by shareholders. The SEBI/NSE query on IPO fund utilization is a lingering governance overhang but is currently treated as an emphasis-of-matter rather than a qualification, and management believes the classification is defensible. Investors should watch for any further regulatory action on the IPO proceeds matter.