Yatra Online Limited Reports Strong Q3-FY25 Performance with 113% YoY Revenue Growth

Mumbai, February 11, 2025 – Yatra Online Limited (NSE: YATRA, BSE: 543992), India’s largest corporate travel services provider, reported strong financial results for the quarter ended December 31, 2024 (Q3-FY25), showcasing impressive revenue growth, profitability, and market expansion.

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Key Financial Highlights (Consolidated)​

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Business Performance & Growth Drivers​

• Revenue Surge: Yatra’s revenue grew 113% YoY to ₹2,353 million, with significant contributions from the Hotels & Packages segment (up 66% YoY) and strong performance in MICE (Meetings, Incentives, Conferences, and Exhibitions).
• Profitability Strength: Revenue less Service Costs (RLSC) grew 25% YoY to ₹1,041 million, reinforcing the company’s ability to drive sustainable margins.
• Corporate Travel Expansion: The company onboarded 50 new corporate accounts, adding a potential billing of ₹2,804 million, further cementing its leadership in the corporate travel segment.
• Debt Reduction & Liquidity:
  • Cash and cash equivalents stood at ₹1,828 million as of December 31, 2024.
  • The company repaid ₹245 million in debt, reducing its gross debt to ₹32.5 million.
• Acquisition Synergies: Following the September 2024 acquisition of Globe All India Services Limited (GAISL), integration is ahead of schedule, contributing early synergies in supplier consolidation and operational efficiencies.

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Segment-Wise Performance​

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Management Commentary​

Dhruv Shringi, Whole Time Director & CEO, stated:

“We are pleased with our Q3 performance, driven by strong execution in corporate travel, expansion in MICE, and disciplined cost management. Our success in adding 50 new corporate clients, along with continued demand for Hotels & Packages, showcases our competitive edge. The GAISL acquisition is already yielding positive synergies, helping us drive efficiencies and scale operations effectively. Looking ahead, we remain optimistic about further growth opportunities in both corporate and consumer travel.”

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Strategic Outlook​

• Corporate Travel Leadership: Yatra continues to dominate India's corporate travel space, securing high-value contracts and leveraging its SaaS platform for corporate bookings.
• Technology-Driven Expansion: Increased investment in AI-driven customer engagement and seamless travel booking experiences.
• IPO Utilization: The company continues to deploy IPO proceeds strategically, focusing on customer acquisition, technology, and inorganic growth.
• Growth in MICE & Hotels: Yatra is expanding its footprint in MICE and holiday packages, targeting premium and business travelers.

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Investor Relations & Conference Call​

Yatra Online Limited will hold an earnings conference call on February 11, 2025, at 4:00 PM IST to discuss results and the business outlook. The call can be accessed via universal dial-in at +91-22-6280 1245 / +91-22-7115 8146

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About Yatra Online Limited​

Yatra Online Limited is India’s most prominent corporate travel services provider and a leading consumer travel platform, offering air ticketing, hotels, holiday packages, bus & rail bookings, and ancillary travel services. With a history of being NASDAQ-listed and a strong governance framework, Yatra continues to expand in the B2B and B2C travel segments.

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Conclusion​

Yatra Online’s Q3-FY25 performance underscores robust revenue growth, improved profitability, and strategic expansion. With strong corporate travel momentum, a disciplined cost approach, and successful M&A integration, Yatra is well-positioned for sustained growth in India's evolving travel industry.