Q2 2026 Yatra Online Inc Earnings Call Transcript
Key Points
- Yatra Online Inc (YTRA) reported a 48.5% year-over-year revenue growth for the second quarter of fiscal year 2026, reaching INR3,508 million or approximately $39.5 million.
- Adjusted EBITDA surged 218% year-over-year to INR212 million, or $2.4 million, indicating strong profitability improvements.
- The company onboarded 34 new corporate clients, adding an annual billing potential of INR2.6 billion or $29.5 million, showcasing growth in the corporate travel segment.
- Yatra Online Inc (YTRA) is enhancing its digital platforms with AI-powered travel assistance and a new user interface for hotels, aiming to improve user experience and conversion rates.
- The company is well-positioned to capture growth opportunities in the expanding corporate travel market, which is expected to reach $20 billion by FY27, with low online penetration indicating significant potential for digital adoption.
- Ticketing passenger volumes declined by 3.5% year-over-year to 1,329,000, indicating challenges in maintaining volume growth.
- The adjusted margin percentage for the hotels and packages segment decreased from 10.9% to 10%, despite an increase in gross bookings.
- The restructuring efforts involve complex multi-jurisdictional processes, making the timeline for completion uncertain.
- The company trades at a meaningful discount to peers in the US market, partly due to a smaller market cap and lack of liquidity.
- The consumer business, while improving, is only contributing about one-third of overall gross bookings, indicating a need for further growth in this segment.
Hello everyone and welcome to Yatra's fiscal second quarter 2026 financial results call for the period ended September 30, 2025.
I'm pleased to be joined on the call today by Yatra's CEO and co-founder Dhruv Shringi and CFO Anuj Sethi.
The following discussion, including responses to your questions, reflects management's views as of today, November 12, 2025.
We don't take any obligation to update or revise the information.
Before we begin our formal remarks, let me remind you that certain statements made on today's call may constitute forward-looking statements, which are based on management's current expectations and beliefs and are subject to several risks and uncertainties that could cause actual results to differ materially.
For a description of these risks, please refer to our filings with the SEC and our press release filed earlier this morning on the IR section of our website.
With that, let me turn the call over to Dhruv.
Dhruv, please go ahead.
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
