Q1 2025 Yatra Online Inc Earnings Call Transcript
Key Points
- Yatra Online Inc (YTRA) secured 34 new corporate customer accounts with an annual billing potential of approximately $24.3 million, showing strong growth in the corporate travel segment.
- The company is actively expanding its MICE (Meetings, Incentives, Conferences, and Exhibitions) business, which is expected to grow significantly in the coming quarters.
- Yatra Online Inc (YTRA) is focusing on strategic investments in the corporate travel sector, including new products like Visa services and car rental services.
- The company has initiated a cost optimization program, which includes streamlining over 100 positions, expected to yield benefits starting in September.
- Yatra Online Inc (YTRA) has a strong cash position with cash, cash equivalents, and term deposits of approximately USD54 million, and gross debt at an all-time low of USD2.5 million.
- Total revenue for the quarter ended June 30, 2024, was down 5% year over year, with adjusted revenue down 14% due to lower volumes in the B2C segment.
- Adjusted EBITDA decreased to approximately USD800,000 from USD115 million in the same period last year, partly due to lower volumes and increased expenses from new initiatives.
- The B2C segment faced challenges with a 21% decrease in adjusted air ticketing margins due to reduced volumes and intensified price competition.
- Yatra Online Inc (YTRA) experienced a 17% year-over-year decline in gross bookings, primarily due to a 20% decline in air gross bookings.
- The company is facing increased customer acquisition costs in the B2C market due to deeply discounted fares offered directly by India's largest airline on its website and mobile app.
Good morning, everyone. Welcome to Yatra 1Q '25 earnings conference call. My name is Kiki, and I will be your conference operator today. (Operator Instructions)
I will now hand you over to your host, Manish Hemrajani, VP of Corporate Development and IR. Manish, please go ahead.
Thank you, and good morning, everyone. Welcome to our fiscal first-quarter 2025 financial results for the period ended June 30, 2024. I'm pleased to be joined on the call today by Yatra's CEO and Co-Founder, Dhruv Shringi; and CFO, Rohan Mittal. The following discussion, including responses to your questions, reflect management views as of today, August 13, 2024. 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
| 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
