Yatra Online Ltd (NSE:YATRA)

Q2 2026 Yatra Online Ltd Earnings Call Transcript

Nov 11, 2025 / 05:30 AM GMT

Release Date Price: ₹184.84 (+11.88%)

Transcript

Key Points

Positve

Yatra Online Ltd (NSE:YATRA) reported a 48% year-over-year increase in revenue for Q2 FY26, driven by strong performance across key segments.
The company's EBITDA surged by 125% year-over-year, indicating significant profitability improvements.
Yatra Online Ltd (NSE:YATRA) onboarded 34 new corporate clients in Q2, adding an annual billing potential of INR 2.6 billion.
The company is leveraging AI to enhance its corporate travel services, aiming to reduce manual errors and improve compliance.
Yatra Online Ltd (NSE:YATRA) has successfully integrated Globe Travels, contributing to a 34% year-over-year increase in gross margins.

Negative

Air ticketing passenger volumes declined by 3% year-over-year, indicating challenges in this segment.
The company's gross margin from air ticketing decreased from 4.6% to 3.9% due to higher consumer promotions.
There is a noted seasonality in the MICE business, which affects service costs and profitability.
Despite strong revenue growth, the conversion of gross profit to adjusted EBITDA has not shown significant improvement.
The company faces competition in the digital-first platform space, with only slight market share gains.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

YATR.NS - Yatra Online Ltd
Q2 2026 Yatra Online Ltd Earnings Call
Nov 12, 2025 / 05:30AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to Yatra Q2 and H1F526 earnings conference call. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes.

Should you need assistance during the conference call, please signal an operator by pressing, then 0 on your touchstone phone. Please note that this call is being recorded. I now hand the conference over to Mr. Jairam Shatty from ICICI Securities.

Thank you. And over to you, sir.

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Unidentified_2 [2]
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