Q4 2025 Yatra Online Inc Earnings Call Transcript
Key Points
- Yatra Online Inc (YTRA) reported a 90% year-over-year increase in annual revenues for FY25, reaching INR7.9 billion (approximately USD93.1 million).
- The company's adjusted EBITDA rose by 28% year-over-year, highlighting disciplined execution and profitability.
- Yatra Online Inc (YTRA) added 148 new corporate clients in FY25, contributing to INR7.5 billion in expected annual volumes, reinforcing its market position.
- The MICE business showed significant growth, handling over 600 trips and serving more than 80,000 travelers in FY25, with expectations to become a top three player in the segment.
- The integration of new distribution capabilities (NDC) enhances the booking experience for corporate travelers, offering more flight options and better pricing.
- The geopolitical tensions between India and Pakistan temporarily disrupted travel demand, particularly affecting the northern part of India, which accounts for 25-30% of Yatra's business volumes.
- The B2C Air business faced a decline in gross bookings, with a 6% drop in Q4, although stabilization was noted.
- The company faces competitive headwinds in the B2C segment, impacting growth potential.
- Legal and professional fees related to corporate restructuring have increased operating costs.
- The process of converting shares into India shares involves complex procedures across multiple jurisdictions, with no specific timeline for completion.
Hello, everyone, and welcome to the Yatra 4Q '25 and FY25 Earnings Conference Call. My name is Ezra, and I will be your coordinator today. (Operator Instructions)
I will now hand you over to your host, Manish Hemrajani, VP, Investor Relations, to begin. Manish, please go ahead.
Thank you. Good morning, everyone, and welcome to our fourth quarter and full year FY25 earnings conference call for the period ended March 31, 2025. I'm pleased to be joined on the call today by Yatra's CEO and Co-Founder, Dhruv Shringi; and CFO, Anuj Sethi.
Before we begin, I would like to remind you that certain statements made on today's call may constitute forward-looking statements. These statements are based on management's current expectations and beliefs and are subject to various risks and uncertainties that could cause actual results to differ materially. For a detailed discussion of these risks, please refer to our filings with the SEC and the press release we
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