Yatra Online Reports Q2 FY2027 Financial Results; Gross Bookings Rise 5.6%

Yatra Online, Inc., India’s leading corporate travel services provider and one of India’s leading online travel agencies, today announced its unaudited financial and operating results for the three months ended September 30, 2026.

Financial Performance
- Yatra Online, Inc. announced its unaudited financial and operating results for the quarter ended September 30, 2026.
- Revenue stood at INR 2,136 million (USD 22.3 million), declining 39.1% year-on-year.
- Total Gross Bookings increased 5.6% to INR 21,654.6 million (USD 226 million).
- The company reported a net loss of INR 235.3 million, compared with a profit of INR 98.8 million in the corresponding quarter last year.
- Adjusted EBITDA recorded a loss of INR 32.2 million.

Air Ticketing Business Shows Strong Growth
- Air ticketing Gross Bookings increased 14.8% year-on-year.
- Adjusted Margin from Air Ticketing rose 20.8% to INR 1,227.5 million.
- Air Ticketing Adjusted Margin improved to 7.2%, compared with 6.9% in the previous year.
- Passenger volumes improved sequentially despite a decline in overall domestic aviation traffic.
- Better take rates across consumer and corporate businesses supported the performance.

Hotels and Packages Performance
- Standalone hotel Gross Bookings increased approximately 20% year-on-year.
- Gross Bookings from Hotels and Packages declined 21.2%.
- Adjusted Margin from Hotels and Packages decreased 25.9% to INR 381.1 million.
- Higher travel costs affected corporate MICE programmes, leading companies to defer or reduce travel programmes.
- Activity improved during the quarter as previously deferred programmes began to be rescheduled.

Corporate Travel Business Expansion
- Corporate Travel continues to be a key growth driver for Yatra.
- The company is expanding its corporate customer base and increasing business from existing customers.
- Key initiatives include:
- Travel Pro: Corporate travel solutions for MSMEs.
- RECAP: Expense management solutions.
- Technology enhancements and global partnerships.
- Yatra aims to strengthen its position in India's corporate travel management market.

Other Business Highlights
- Gross Bookings from Other Services increased 7.8% year-on-year.
- Other Services include freight, IT services, bus, rail, cab and related services.
- Packages passenger volumes increased significantly compared with the previous year.

Factors Affecting Business Performance
- Domestic air traffic declined approximately 6% year-on-year and 16% sequentially.
- Geopolitical tensions in the Middle East affected travel demand.
- Elevated aviation fuel prices and higher airfares impacted the travel industry.
- Airline capacity rationalisation also contributed to market challenges.
- Higher personnel and operating expenses affected profitability.

Management Outlook and Growth Strategy
- Yatra remains optimistic about the long-term growth potential of the travel industry.
- The company will focus on rebuilding its MICE business as corporate travel demand recovers.
- Scaling its standalone hotel business remains a key priority.
- Strengthening profitability across Air Ticketing and Hotels and Packages.
- Increasing the use of artificial intelligence, automation and technology to improve customer experience and operational efficiency.
- The company will continue pursuing disciplined and profitable growth.

Management Commentary
- Siddhartha Gupta, CEO of Yatra Online, highlighted the company's ability to grow Gross Bookings despite challenging market conditions.
- He noted that Air Ticketing and standalone Hotels delivered encouraging growth.
- The company remains focused on expanding corporate travel, improving margins and strengthening operational efficiency.