Q1 2026 Yatra Online Ltd Earnings Call Transcript
Key Points
- Yatra Online Ltd (NSE:YATRA) reported a significant revenue growth of 108% year over year for Q1 FY26, reaching INR2,098 million.
- The company's EBITDA surged by 247% year over year to INR24.2 crores, with an adjusted EBITDA margin of 21%.
- Yatra Online Ltd (NSE:YATRA) onboarded 34 new corporate clients, adding an annual billing potential of approximately INR200 crores.
- The company has successfully reduced its gross debt from INR546 million as of March 31, 2025, to just INR29 million by June 30, 2025.
- Yatra Online Ltd (NSE:YATRA) launched the beta version of its AI assistant, DIYA, which is expected to optimize operations and enhance customer experience.
- Air Ticketing passenger volumes declined by 9% year over year, indicating challenges in this segment.
- B2C bookings were negatively impacted by macroeconomic events, leading to a marginal decline year over year.
- The company's service costs have increased, which could impact profitability if not managed effectively.
- Despite the growth in corporate clients, the full potential of new billings has not been fully realized, with only about INR600-700 crores implemented out of INR1,300 crores.
- The company faces challenges in increasing online penetration in the Corporate Travel market, which remains low compared to the overall travel industry.
Ladies and gentlemen, good day, and welcome to the Yatra Online Q1 FY26 earnings conference call hosted by Antique Stockbroking Limited. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Biplab Debbarma from Antique Stockbroking Limited. Thank you, and over to you, sir.
Thank you, Manav. Good morning, everyone, and welcome to the Q1 FY26 earnings call of Yatra Online, hosted by Antique Stockbroking. Please note, certain statements made during this call may be forward-looking in nature and are subject to risks and uncertainties. Actual results may differ materially.
Today, we have with us the management of the company represented by Mr. Dhruv Shringi, full-time Director and CEO; Mr. Anuj Sethi, Chief Financial Officer. Without further ado, let me hand over the call to Mr. Dhruv Shringi. Over to you, Dhruv.
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