YTRA

This article first appeared on GuruFocus. Revenue from Operations: Decreased 10.4% year-over-year to INR1,879 million (approximately USD20 million), primarily reflecting lower MICE top-line during the quarter. Gross Margin: Increased 6.1% year-over-year to INR1,227 million (approximately USD13 million). Adjusted EBITDA: Increased 4.9% year-over-year to INR216 million (approximately USD2 million), translating to a 17.6% adjusted EBITDA to gross margin ratio. Profit After Tax: INR41 million (approximately USD0.4 million). Gross Bookings: Increased 16.3% year-over-year to INR21,007 million (approximately USD222 million). Total Transactions: Increased 11% year-over-year. Air Ticketing Gross Bookings: Grew 17.6% year-over-year to INR1,657 million (approximately USD175 million), with passenger volume increasing 4.8% to 1,264,000. Air Gross Margin: Rose 8% year-over-year to INR699 million, with margins declining from 4.6% to 4.2%. Hotels and Packages Gross Bookings: Increased 13% year-over-year to INR376 million (approximately USD41 million). Hotels and Packages Gross Margin: Expanded 24% year-over-year to INR386 million (approximately USD4 million), with margins improving from 9.05% to 9.95%. Standalone Hotels Gross Bookings: Grew approximately 34% year-over-year, with revenues increasing by about 62% and room nights growing approximately 30%. Hotel Room Nights: Grew nearly 30% year-over-year to 548,000. MICE Gross Margin Impact: Experienced an approximate INR60 million year-over-year impact due to geopolitical disruptions and a shift from international to domestic group travel. New Corporate Customers: Added 53 new corporate customers with an expected annual billable potential of INR2.2 billion (approximately USD23 million). Cash and Cash Equivalents: INR2,162.8 million (approximately USD22.8 million) as of June 30, 2026. Warning! GuruFocus has detected 3 Warning Signs with YTRA. Is YTRA fairly valued? Test your thesis with our free DCF calculator. Release Date: August 13, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Gross bookings grew 16.3% year-over-year to INR21,007 million, with air passenger volumes growing 4.8%, nearly double the industry rate, indicating market share gains. The hotels and packages segment showed strong performance, with standalone hotel gross bookings up 34%, revenues up 62%, and room nights up 30% year-over-year. Corporate customer acquisition momentum remained robust, adding 53 new corporate clients with an expected annual billable potential of INR2.2 billion, including 30+ through TravelPro. Adjusted EBITDA increased 4.9% year-over-year to INR216 million, with a 17.6% adjusted EBITDA to gross margin ratio, despite challenging conditions. The MICE pipeline for Q2 is significantly stronger, with bookings trending approximately 50% higher than Q1, indicating a recovery from temporary disruptions. Strategic investments in AI, TravelPro, Recap, and the Kanu partnership are expanding the company's addressable market and future growth potential. Revenue from operations decreased 10.4% year-over-year to INR1,879 million, primarily due to lower MICE top-line from geopolitical disruptions. MICE gross margins were negatively impacted by approximately INR60 million year-over-year, due to lower international group travel and increased competitive pressures from domestic shifts. Air margins remained under pressure, with air gross margins declining from 4.6% to 4.2% year-over-year, despite growth in bookings. International and outbound travel demand was weak, with industry-wide inquiries for international destinations declining by 10-15% during the peak, disproportionately affecting Yatra's business mix. The company is investing in capacity ahead of revenues, which is visible in the cost base and may pressure near-term profitability. Corporate travel demand was impacted by elevated airfares and timing of airline incentive programs, creating additional near-term headwinds. Q: What were the key drivers behind the company's Q1 FY2027 performance, and how did the geopolitical environment impact the results?A: CEO Siddhartha Gupta explained that despite a challenging macro environment, gross bookings grew 16.3% YoY to INR21,007 million, with total transactions up 11%. However, revenue from operations declined 10.4% YoY to INR1,879 million, primarily due to a significant drop in MICE (Meetings, Incentives, Conferences, and Exhibitions) top-line, which was approximately INR300 million lower YoY. This was caused by the West Asia conflict disrupting international group travel. The company views this as a temporary, transitory factor rather than a structural change, noting that the Q2 MICE pipeline is already significantly stronger. Q: Can you provide more detail on the margin impact from the MICE business and the company's strategic investments?A: CFO Anuj Sethi detailed that the MICE disruption had an approximate INR60 million impact on gross margins. This was split between INR30 million from lower international group travel and another INR30 million from increased competitive pressures as travel shifted to domestic destinations. CEO Siddhartha Gupta added that the company is deliberately investing through this period of turbulence in three key areas: scaling TravelPro (SME offering), expanding Recap (expense management), and preparing for international expansion via the Kanu Travel partnership. These investments are visible in the cost base today but are expected to expand future earning capacity. Q: What is the company's outlook on EBITDA margins, and what is the path to achieving its long-term targets?A: CEO Siddhartha Gupta stated that as corporate travel normalizes and growth initiatives scale, the company expects to rebuild EBITDA margins towards 20%+. He further projected that as these factors come together and the operating capacity already built supports a much larger revenue base, EBITDA margins could progress into the 30%+ range over time. This optimism is based on the expectation that the temporary MICE headwinds will reverse and the new growth engines will contribute to operating leverage. Q: How is the company's core air business performing, and what is the strategy for market share gains?A: The air business delivered healthy growth with gross air bookings increasing approximately 18% YoY to INR16,579 million. Importantly, air passenger volumes grew approximately 5% YoY, which is nearly twice the industry growth rate of 2.3%, indicating continued market share expansion. While air margins remained under pressure during the quarter, with gross margins declining from 4.6% to 4.2%, the company's focus remains on building a healthy and sustainable air business with continued discipline around unit economics and quality of growth. Q: What is driving the strong performance in the hotels and packages segment?A: The hotels and packages segment delivered gross booking growth of approximately 13% YoY. The standalone hotels business was a standout performer, with gross bookings growing approximately 34%, revenues increasing by about 62%, and room nights growing approximately 30% YoY. CFO Anuj Sethi noted that gross margins in this segment expanded 24% YoY to INR386 million, with margins improving from 9.05% to 9.95%. This performance reinforces the company's conviction that investments in expanding hotel supply are the right strategic priority, as hotels are a higher-margin and increasingly important part of Yatra's business mix. Q: Can you elaborate on the success of the TravelPro initiative and its contribution to new customer acquisition?A: CEO Siddhartha Gupta highlighted that TravelPro, the company's small-medium enterprise (SME) offering, is showing early validation. Of the 53 new corporate customers won during Q1, over 30 customers, representing approximately INR800 million (USD8.5 million) in expected annual billable potential, came through TravelPro. This gives the company confidence in the potential of its new go-to-market engine and its ability to expand reach within the corporate market. Q: What is the status of the Recap expense management solution and the Kanu Travel partnership?A: CEO Siddhartha Gupta stated that since its launch, Recap has already added more than 20 customers, and the company continues to invest in the product and technology behind it, believing it can develop into another meaningful growth engine. Regarding the Kanu Travel partnership, the company has invested over the preceding two quarters to make its technology globally ready, including product infrastructure, solutions, and teams. This partnership provides an opportunity to take Yatra's capabilities into the Middle East, a large adjacent market, alongside a mature and highly respected regional partner. Q: How is the company viewing the overall travel market recovery, and what are the early signs of a rebound?A: Executive Chairman Dhruv Shringi noted that while international travel was impacted by the West Asia conflict, domestic travel remained resilient, with air passenger traffic in India growing around 2.3% YoY. He emphasized that based on past cycles, "revenge travel" following periods of disruption has been very strong and prompt, both in India and globally. Early signs of this recovery are already visible, with MICE bookings in the first half of the current quarter trending approximately 50% higher than the first quarter. The medium-term outlook for outbound travel from India remains robust, with industry reports projecting low-teens growth in outbound spend over the next decade. Q: What were the key financial metrics for the quarter, including profitability and cash position?A: CFO Anuj Sethi reported that adjusted EBITDA increased 4.9% YoY to INR216 million (approximately USD2 million), translating to a 17.6% adjusted EBITDA to gross margin ratio. Profit after tax came in at INR41 million (approximately USD0.4 million). The company maintains a strong liquidity position with cash and cash equivalents and term deposits of INR2,162.8 million (approximately USD22.8 million) as of June 30, 2026. Q: How is the company leveraging AI and technology to drive future growth and operational efficiency?A: Executive Chairman Dhruv Shringi emphasized that AI is becoming an integral layer across the platform, making travel simpler for users, smarter for enterprises, and more efficient for operations. The company is embedding AI into search, recommendations, and conversational interfaces to help travelers find the right options faster. Additionally, AI and machine learning are being used to automate service interactions, flag out-of-policy spend, and provide travel and finance leaders with richer For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Interested in Yatra Online, Inc.? Here are five stocks we like better. Yatra delivered mixed Q1 results: Gross bookings rose 16.3% year over year to INR 21.0 billion and adjusted EBITDA increased 4.9% to INR 216 million, while revenue declined 10% to INR 1.88 billion due largely to weaker MICE activity. Geopolitical disruptions pressured international and MICE travel, reducing gross margin by roughly INR 60 million. Management views the impact as temporary, citing MICE bookings that were about 50% higher in the first half of Q2. Hotels and corporate travel showed strong momentum: Hotel and package bookings grew 13%, hotel room nights increased nearly 30%, and Yatra added 53 corporate customers. The company is investing in Travelpro, RECAP, international technology capabilities and AI, targeting EBITDA margins above 20% as growth investments scale. Yatra Online (NASDAQ:YTRA) reported higher gross bookings and adjusted EBITDA for its fiscal first quarter ended June 30, 2026, despite geopolitical disruptions that weighed on international travel and meetings, incentives, conferences and exhibitions, or MICE, activity. Gross bookings increased 16.3% year over year to INR 21.0 billion, or approximately $222 million, while total transactions rose 11%. Gross margin increased 6.1% to INR 1.23 billion, and adjusted EBITDA rose 4.9% to INR 216 million, representing 17.6% of gross margin. → AST SpaceMobile Earnings Just Reminded Investors How Risky Space Can Be Revenue from operations declined about 10% year over year to INR 1.88 billion, or roughly $20 million. CEO Siddhartha Gupta said the decline primarily reflected lower MICE revenue during the quarter amid disruptions to international group travel. Profit after tax was INR 41 million, according to CFO Anuj Sethi. Executive Chairman Dhruv Shringi said conflict in West Asia disrupted air connectivity, raised fares and lengthened flight routes, affecting international travel and MICE activity. He said industry inquiries for some international destinations fell approximately 10% to 15% during the peak disruption. → Nebius’ Q2 Beat Shows the AI Bottleneck Is Capacity, Not Demand Because Yatra has a relatively higher mix of international travel and MICE business, the company experienced a disproportionate near-term impact, Shringi said. Gupta said MICE revenue was approximately INR 300 million lower than a year earlier, contributing about INR 30 million of pressure on gross margin. A shift from international to domestic group travel also increased competition and created an additional approximately INR 30 million gross-margin impact. Gupta characterized the roughly INR 60 million year-over-year MICE gross-margin impact as temporary. He said the company’s MICE bookings in the first half of the second quarter were trending approximately 50% above first-quarter levels, while the second-quarter MICE pipeline had improved margins. → On Holding's Price Stumble May Be an Opening for a Company Built to Run “We believe the Q1 impact was temporary, and we are seeing encouraging signs that MICE business is returning to a growth phase,” Gupta said. Yatra’s air business generated gross bookings of INR 16.58 billion, up about 18% from the prior-year quarter. Air passenger volume increased 4.8% to 126,000, a rate management said was nearly double broader industry growth. Air gross margin increased 8% to INR 699 million, though gross margin as a percentage of bookings declined to 4.2% from 4.6%. The company said elevated fares, capacity constraints and softer demand pressured air margins. Gupta said Yatra remained focused on unit economics and the quality of growth in its air business. Hotels and packages recorded gross bookings growth of 13% to INR 3.88 billion. Hotel room nights increased nearly 30% to 548,000, while segment gross margin rose 24% to INR 386 million. Segment margin improved to 9.95% from 9.05%. Within the segment, standalone hotel gross bookings grew approximately 34%, revenue rose about 62%, and room nights increased around 30%, according to Gupta. He said the results supported the company’s strategy of expanding hotel supply and increasing the contribution from higher-margin hotel products. Yatra added 53 corporate customers during the quarter, representing expected annual billable potential of INR 2.2 billion, or approximately $23 million, as accounts are onboarded and ramp up. The company said its corporate customer retention rate exceeds 97% and that it supports more than 1,300 large and mid-sized enterprise customers across India. More than 30 of the newly added customers, representing approximately INR 800 million in annual billable potential, came through Travelpro, Yatra’s offering for small and medium-sized enterprises. Gupta said the company is continuing to invest in Travelpro’s personnel, platform and go-to-market capabilities. The company is also expanding RECAP, its expense-management solution, which has added more than 20 customers since launch. In addition, Yatra has invested in making its corporate technology platform ready for international deployment through its partnership with Kanoo Travel in the Middle East. Gupta said these initiatives have required building capacity before the related revenue scales, increasing the current cost base but potentially expanding the company’s future earnings capacity. Management said it expects operating leverage as corporate travel normalizes and its newer initiatives grow. Shringi said Yatra is embedding artificial intelligence into search, recommendations, conversational interfaces, service interactions and corporate policy-compliance tools. The company expects automation to reduce manual work, identify savings opportunities, improve expense reconciliation and lower its cost to serve. Management said domestic travel remained resilient, citing approximately 2.3% year-over-year growth in Indian air passenger traffic during the period. It also pointed to rising disposable incomes, improving transportation infrastructure and continued online adoption as longer-term travel-market drivers. Gupta said Yatra expects EBITDA margins to rebuild toward more than 20% as conditions normalize and growth investments scale, with potential to progress above 30% over time. Those expectations remain subject to an uncertain macroeconomic and geopolitical environment. As of June 30, Yatra had INR 2.16 billion, or approximately $22.8 million, in cash, cash equivalents and term deposits. Yatra Online, Inc operates as an online travel company in India and internationally. It operates in Air Ticketing, and Hotels and Packages, and Other Services segments. The company provides travel-related services, including domestic and international air ticketing, hotel bookings, homestays, holiday packages, bus ticketing, rail ticketing, cab bookings, and ancillary services for leisure and business travelers. It also offers various services, including exploring and searching comprises web and mobile platforms that enable customers to explore and search flights, hotels, holiday packages, buses, trains, and activities through its website, www.yatra.com. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Yatra Online Q1 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for August 2026.

GURUGRAM, India & NEW YORK, August 12, 2026--(BUSINESS WIRE)--Yatra Online, Inc. (NASDAQ: YTRA) (the "Company"), India’s leading corporate travel services provider and one of India’s leading online travel companies, today announced its unaudited financial and operating results for the three months ended June 30, 2026. "The first quarter of fiscal year 2027 was characterized by resilient demand and strong growth in Gross Bookings despite a challenging operating environment that pressured revenue and margins. Gross Bookings increased 16.3% year-over-year to INR 21,006.8 million (USD 221.9 million), reflecting continued momentum across our platform. The conflict in the Middle East and related geopolitical uncertainty, continued to impact the travel environment during the quarter, particularly international travel. Elevated aviation fuel prices, higher airfares and airline capacity rationalization adversely affected travel demand and profitability. Domestic demand remained comparatively resilient. For the three months ended June 30, 2026, revenue from operations was INR 1,879.0 million (USD 19.9 million), a decline of 10.4% year-over-year. Our Air Travel segment delivered Gross Bookings growth of approximately 17.6% year-over-year, supported by higher average ticket prices and continued expansion across our distribution channels. A change of mix in air volumes across lines of businesses, resulted in lower margins together with competitive market conditions and delays in certain airline incentive arrangements, contributed to lower Air take rates during the quarter. Our Hotels and Packages segment delivered Gross Bookings growth of approximately 12.9% year-over-year. Within the segment, standalone Hotels continued its strong performance, with Gross Bookings increasing approximately 34% and revenue approximately 66%. This reinforces our strategy of scaling Hotels as an important higher-margin component of our business. Hotels and Packages performance was partially offset by weakness in MICE (Corporate Group Travel), where geopolitical uncertainty, particularly in the Middle East, contributed to higher travel costs, delayed corporate travel decisions and a shift in some incentive travel from international to domestic destinations, resulting in lower volumes and margins. Profitability was also affected by higher personnel and other operating expenses, including planned investments in strategic growth initiatives. Corporate Travel remains a key strategic growth pillar for Yatra. We continue to focus on expanding our corporate customer base, increasing wallet share and leveraging our technology platform to deliver a differentiated enterprise travel experience. We are also expanding our addressable market through investments in initiatives like Travel Pro for the MSME segment, RECAP for expense management, new technology-led partnerships and strategic global partnerships. Looking ahead, while geopolitical and aviation-related uncertainties persist, we believe the structural drivers of travel market remain compelling. We remain focused on scaling our higher-margin Hotels business, strengthening profitability across our Air and Hotels and Packages segments, and leveraging technology, artificial intelligence and automation to improve customer experience and operating efficiency. Our objective remains disciplined, profitable growth and sustainable long-term value creation for all our stakeholders. I extend my sincere thanks to our dedicated team, trusted partners, customers and shareholders for their continued support." — Siddhartha Gupta, CEO. Financial and operating highlights for the three months ended June 30, 2026: Revenue of INR 1,879.0 million (USD 19.9 million), representing a decrease of 10.4% year-over-year basis ("YoY"). Adjusted Margin (1) from Air Ticketing of INR 1,069.5 million (USD 11.3 million), representing an increase of 8.9% YoY. Adjusted Margin (1) from Hotels and Packages of INR 472.5 million (USD 5.0 million), representing an increase of 24.3% YoY. Total Gross Bookings (Air Ticketing, Hotels and Packages and Other Services)(3) of INR 21,006.8 million (USD 221.9 million), representing an increase of 16.3% YoY. Profit for the period was INR 40.9 million (USD 0.4 million) versus a profit of INR 109.9 million (USD 1.2 million) for the three months ended June 30, 2025, reflecting a decrease of INR 69.1 million (USD 0.7 million) YoY. Result from operations was a Profit of INR 55.9 million (USD 0.6 million) versus a profit of INR 104.4 million (USD 1.1 million) for the three months ended June 30, 2025, reflecting a decrease of INR 48.5 million (USD 0.5 million) YoY. Adjusted EBITDA(2) was INR 215.9 million (USD 2.3 million) reflecting an increase of 4.7% YoY. As of June 30, 2026, 63,990,178 ordinary shares (on an as-converted basis), par value $0.0001 per share, of the Company (the "Ordinary Shares") were issued and outstanding. For complete financial tables and results, please see our 6-K filed with the SEC and on our website: https://investors.yatra.com/financial-information/sec-filings/default.aspx Conference Call The Company will host a conference call to discuss its unaudited results for the three months ended June 30, 2026 beginning at 08:30 AM Eastern Daylight Time (or 06:00 PM India Standard Time) on August 13, 2026. Dial in details for the conference call is as follows: US/International dial-in number: +1 585-542-9983. Confirmation Code: 129782492 (Callers should dial in 5-10 minutes prior to the start time and provide the operator with the Confirmation Code). The conference call will also be available via webcast at https://events.q4inc.com/attendee/129782492. Safe Harbor Statement This earnings release contains certain statements concerning the Company’s future growth prospects and forward-looking statements, as defined in the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, as amended. These forward-looking statements are based on the Company’s current expectations, assumptions, estimates and projections about the Company and its industry. These forward-looking statements are subject to various risks and uncertainties. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "anticipate," "believe," "estimate," "expect," "intend," "will," "project," "seek," "should" similar expressions and the negative forms of such expressions. Such statements include, among other things, statements regarding the long-term growth trajectory for the Indian travel market; growth of the MICE business and corporate travel business; statements concerning management’s beliefs as well as our strategic and operational plans; our plans and expectations regarding the growth and scaling of our Hotels business, including standalone Hotels; our expectations regarding profitability and margin improvement across our Air and Hotels and Packages businesses; our plans to use technology, artificial intelligence and automation to improve customer experience and operating efficiency; our ability to simplify our corporate structure and operations and enhance shareholder value; our expectations regarding sustained margin expansion as a result of simplifying our legal and corporate structure; our future financial performance; our ability to meet our financial guidance; and our ability to comply with Nasdaq’s continued listing requirements for our ordinary shares to remain listed on Nasdaq. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, the impact of increasing competition in the Indian travel industry and our expectations regarding the development of our industry and the competitive environment in which we operate; the slowdown in Indian economic growth and other declines or disruptions in the Indian economy in general and travel and freight industry in particular, including disruptions caused by safety concerns, flight cancellations as a result of airline staffing shortages or regulatory noncompliance, terrorist attacks, regional conflicts (including the ongoing conflict between Ukraine and Russia, the evolving events in Israel, Gaza and the Middle East, including the conflict in Iran, austerity measures implemented or recommended by the Indian government, pandemics, macroeconomic factors, including tariff and trade issues, and natural calamities; fluctuations in exchange rates between the Indian rupee and the U.S. dollar, Euro, British pound sterling or other major currencies, changes in aviation fuel prices, airline capacity and average airfares; our ability to successfully negotiate our contracts with airline suppliers and global distribution system service providers and mitigate any negative impacts on our Revenue that result from reduced commissions, incentive payments and fees we receive; the risk that airline suppliers (including our GDS service providers) may reduce or eliminate the commission and other fees they pay to us for the sale of air tickets; our ability to pursue strategic partnerships and the risks associated with our business partners; the potential impact of recent developments in the Indian travel industry, on our profitability and financial condition; political and economic stability in and around India and other key travel destinations; our ability to maintain and increase our brand awareness; our ability to realize the anticipated benefits of any past or future acquisitions; our ability to successfully implement our growth strategy; our ability to attract, train and retain executives and other qualified employees, and our ability to successfully implement any new business initiatives; our ability to effectively integrate artificial intelligence, machine learning and automated decision-making tools; non-compliance with Nasdaq’s continued listing requirements and consequent delisting of our ordinary shares from Nasdaq; and our ability to simplify our multi-jurisdictional corporate structure or reduce resources and management time devoted to compliance requirement. These and other factors are discussed in our reports filed with the U.S. Securities and Exchange Commission. All information provided in this earnings release is provided as of the date of issuance of this earnings release, and we do not undertake any obligation to update any forward-looking statement, except as required under applicable law. About Yatra Online, Inc. Yatra Online, Inc. is the ultimate parent company of Yatra Online Limited, a public listed company on the NSE and BSE (hereinafter referred to as "Yatra India"), whose corporate office is based in Gurugram, India. Yatra India is India’s largest corporate travel services provider in terms of number of corporate clients with over 1,340 large corporate customers and approximately 60,750 registered SME customers and the second-largest player in the TMC and corporate OTA segment in the country in terms of market share for fiscal year 2024 (Videc report). Leisure and business travelers use Yatra India’s mobile applications, its website, www.yatra.com, and its other offerings and services to explore, research, compare prices and book a wide range of travel-related services. These services include domestic and international air ticketing on nearly all Indian and international airlines, as well as bus ticketing, rail ticketing, cab bookings and ancillary services within India. With approximately 81,500 hotels and homestays in approximately 1,550 cities and towns in India as well as more than 2.9 million hotels around the world, Yatra India has the largest hotels inventory amongst key Indian OTA players. View source version on businesswire.com: https://www.businesswire.com/news/home/20260812317806/en/ Contacts For more information, please contact: Stephanie OshchepkovICR Inc.Email: [email protected]

GURUGRAM, India & NEW YORK, August 10, 2026--(BUSINESS WIRE)--Yatra Online, Inc. (NASDAQ: YTRA) ("Company"), India's leading corporate travel services provider and one of India's leading online travel agencies, today announced that it will report its first quarter financial results for the period ended June 30, 2026 on Wednesday, August 12, 2026. The Company will post the release in the Investor Relations section of its website at http://investors.yatra.com. The release will be followed by a conference call hosted by the Company's senior management team on Thursday, August 13, 2026 at 8:30 AM Eastern Daylight Time (or 6:00 PM India Standard Time) to discuss the results. Webcast Linkhttps://events.q4inc.com/attendee/129782492 Participant DetailsOperator Assisted Dial-In:United States (Toll): +1 585-542-9983United States (Toll-Free): +1 833-461-5787Global Dial-In Numbers: Global Dial-In Numbers Access Code: 129 782 492 Additionally, please note that Yatra Online, Inc.'s Indian subsidiary, Yatra Online Limited ("Yatra India") will be releasing its results in India on Wednesday, August 12, 2026. This will be followed by a conference call hosted by Yatra India's senior management team on Thursday, August 13, 2026 at 11:00 AM India Standard Time. Participant Details for Yatra India’s Call:Date: August 13, 2026Time: 11:00 AM IST (01:30 AM EDT Aug 13, 2026)Register Here: https://tinyurl.com/YatraQ1FY27 Universal Access: +91 22 6280 1342 / +91 22 7115 8243 About Yatra Online, Inc. Yatra Online, Inc. is the ultimate parent company of Yatra Online Limited, India’s leading corporate travel services provider with over 1,340 large corporate customers and one of India’s leading online travel companies. The company provides information, pricing, availability and booking facility for domestic and international air travel, domestic and international hotel bookings, holiday packages, buses, trains, in city activities, inter-city and point-to-point cabs, homestays and cruises. With approximately 81,500 hotels and homestays contracted in approximately 1,550 cities across India, as well as approximately 2.9 million hotels around the world, the company is India’s largest platform for domestic hotels. View source version on businesswire.com: https://www.businesswire.com/news/home/20260810118926/en/ Contacts For further information, please contact:Investor RelationsYatra Online, [email protected]

This article first appeared on GuruFocus. Revenue from Operations: INR10,074 million (~$107 million), a 27% year-over-year increase. Gross Margin (Revenue Less Service Cost): INR4,801 million, a 22.6% year-over-year growth. Adjusted EBITDA: INR564 million (~$6 million), a 64% year-over-year increase. Corporate Customer Acquisition: 163 new corporate customers with an annual billable value of INR9,568 million (~$102 million). Air Passenger Volumes: Increased 9.6% year-over-year. Hotel Room Nights: Grew 16% year-over-year to 1,936,000. Gross Bookings: Increased 8% year-over-year. Total Transactions: Increased 15.2% year-over-year. Cash and Cash Equivalents: INR2,512 million (~$26.7 million) as of March 31, 2026. Warning! GuruFocus has detected 4 Warning Signs with YTRA. Is YTRA fairly valued? Test your thesis with our free DCF calculator. Release Date: May 25, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Yatra Online Inc (NASDAQ:YTRA) reported its most profitable year in its 20-year history, with revenue from operations growing 27% year-over-year to approximately $107 million. Adjusted EBITDA grew by 64% year-over-year, reflecting strong operating leverage and disciplined cost control. The company added 163 new corporate customers in FY26, with an annual billable value of approximately $102 million, demonstrating strong traction in its enterprise travel business. Yatra Online Inc (NASDAQ:YTRA) achieved a high customer retention rate of nearly 97%, indicating strong customer loyalty and long-term value. The company enhanced its API infrastructure and migrated to Google Cloud, significantly improving its ability to distribute hotel content, which is expected to scale further in the coming years. Revenue from operations decreased by 14% year-on-year in Q4, impacted by geopolitical disruptions in the Middle East. The MICE and international corporate travel business faced significant disruptions, with several bookings canceled or deferred into FY27. EBITDA loss increased year-on-year to approximately $1 million in Q4, reflecting the impact of external macroeconomic factors. The conflict-related disruptions slightly depressed air volumes and had a pronounced impact on MICE and international corporate group travel bookings. Despite strong performance, the company faced intense competitive pressure in the air segment, although it managed to improve air margins. Q: Can you elaborate on the impact of the current macro environment on Yatra's business, particularly in the MICE and international corporate travel segments? A: Dhruv Shringi, CEO, explained that the ongoing conflict has significantly impacted the MICE and international corporate travel business, leading to cancellations and deferrals into FY27. However, he emphasized that this is a short-term disruption and not a structural change in travel demand. The company expects recovery momentum to strengthen in the second half of the year. Q: How has Yatra's corporate customer acquisition progressed in FY26? A: Dhruv Shringi, CEO, reported that Yatra added 163 new corporate customers with an annual billable value of approximately INR9,568 million ($102 million), up from 148 customers and INR7,475 million ($80 million) in FY25. This growth underscores the continued traction in their enterprise travel business. Q: What are the key growth drivers for Yatra's hotel and packages business? A: Siddhartha Gupta, CEO, highlighted that the hotels and packages business gained strong momentum with a TTV growth of 27%. The government's push towards domestic tourism and infrastructure development positions Yatra well to capture demand across major metropolitan markets and emerging tier 2 and tier 3 cities. Q: How is Yatra leveraging technology to enhance its business operations? A: Siddhartha Gupta, CEO, mentioned that AI and automation are core strategic focuses for Yatra. The company is seeing encouraging adoption of AI-powered servicing capabilities across consumer and corporate channels, which reinforces operational scalability and long-term profitability. Q: What is Yatra's outlook for the upcoming financial year? A: Siddhartha Gupta, CEO, expressed optimism for FY27, expecting the second half to be materially stronger than the first. Despite macro challenges, Yatra remains confident in its medium-term growth targets of 20% RLSE growth and 30% adjusted EBITDA growth, supported by structural growth in India's travel and corporate mobility markets. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

GURUGRAM, India & NEW YORK, May 23, 2026--(BUSINESS WIRE)--Yatra Online, Inc. (NASDAQ: YTRA) (the "Company"), India’s leading corporate travel services provider and one of India’s leading online travel companies, today announced its unaudited financial and operating results for the three months and year ended March 31, 2026. "I am pleased to report that the fourth quarter marked a period of robust financial and operational performance, enabling us to meet our revised full-year growth guidance. This year’s performance can be described as resilient, given the multiple severe disruptions that created a turbulent environment for India’s aviation sector. Disruptions in domestic aviation, coupled with geopolitical developments in the Middle East, significantly impacted the industry. It is important to note that air traffic to and through the region constitutes a substantial proportion of India’s outbound air capacity. Our performance during the quarter remained well balanced across business travel demand, affiliate-sourced business, and the consumer segment. While air travel volumes were slightly depressed, elevated average air ticket prices helped key business lines navigate the challenging environment. The MICE (Corporate Group Travel) segment faced significant headwinds, as many corporates chose to defer or cancel group travel plans to and through the region due to schedule uncertainty and safety concerns arising from the ongoing conflict. For the three months ended March 31, 2026, we reported revenue of INR 1,890.2 million (USD 20.1 million), representing a decline year-over-year of 13.7%. This is due to a decline in the Hotels and Packages business which was severely impacted due to disruption in the Middle East impacting international aviation routes. Our Corporate Travel segment continues to serve as a key growth pillar. During the fourth quarter, we onboarded 55 new corporate clients, expanding our annual billing potential by INR 2,709 million (USD 28.9 million). While the fourth quarter is typically strong for corporate travel due to financial year-end activity, weaker performance in the MICE (Corporate Group Travel) segment impacted the overall growth of this line of business. At the same time, our consumer and affiliate channels benefited from the strength of India’s domestic consumption story and delivered robust growth. We remained focused on driving growth in Air and Hotel revenues while maintaining pricing discipline and margins across both segments, without resorting to discounting. Looking ahead, we remain focused on scaling our high-margin Hotel segment, deepening our technology capabilities—particularly through the use of AI and Data Science to automate processes and improve operational efficiencies—and driving sustainable long-term value for all stakeholders. We continue to explore potential restructuring alternatives and believe there may be a viable structure to pursue. Discussions remain ongoing and are subject to regulatory considerations and timing uncertainties. I extend my sincere thanks to our dedicated team, trusted partners, and supportive shareholders."— Siddhartha Gupta, CEO Financial and operating highlights for the three months ended March 31, 2026: Revenue of INR 1,890.2 million (USD 20.1 million), representing a decrease of 13.7% on a year-over-year basis ("YoY"). Adjusted Margin(1) from Air Ticketing of INR 1,178.3 million (USD 12.6 million), representing an increase of 27.3% YoY. Adjusted Margin(1) from Hotels and Packages of INR 365.2 million (USD 3.9 million), representing an increase of 2.2% YoY. Total Gross Bookings (Air Ticketing, Hotels and Packages and Other Services)(3) of INR 20,211.2 million (USD 215.4 million), representing an increase of 8.0% YoY. Loss for the period was INR 145.5 million (USD 1.6 million) versus a loss of INR 15.2 million (USD 0.2 million) for the three months ended March 31, 2025, reflecting negative swing of INR 130.3 million (USD 1.4 million) YoY. Result from operations were a loss of INR 214.2 million (USD 2.3 million) versus a loss of INR 33.3 million (USD 0.4 million) for the three months ended March 31, 2025, reflecting negative swing of INR 180.9 million (USD 1.9 million) YoY. Adjusted EBITDA(2) was INR 45.9 million (USD 0.5 million) reflecting a decrease by 49% YoY. Financial and operating highlights for the year ended March 31, 2026: Revenue of INR 10,074.0 million (USD 107.4 million), representing an increase of 26.6% YoY. Adjusted Margin(1) from Air Ticketing of INR 4,372.7 million (USD 46.6 million), representing an increase of 21.9% YoY. Adjusted Margin(1) from Hotels and Packages of INR 1,761.9 million (USD 18.8 million), representing an increase of 19.6% YoY. Total Gross Bookings (Air Ticketing, Hotels and Packages and Other Services)(3) of INR 80,535.8 million (USD 858.3 million), representing an increase of 13.6% YoY. Loss for the period was INR 66.0 million (USD 0.7 million) versus a profit of INR 23.5 million (USD 0.3 million) for the years ended March 31, 2025, reflecting negative swing of INR 89.5 million (USD 1.0 million) YoY. Result from operations were a loss of INR 125.3 million (USD 1.3 million) versus a loss of INR 90.3 million (USD 1.0 million) for the year ended March 31, 2025, reflecting negative swing of INR 35.0 million (USD 0.4 million) YoY. Adjusted EBITDA(2) was INR 563.8 million (USD 6.0 million) reflecting an increase by 64.2% YoY. As of March 31, 2026, 63,990,178 ordinary shares (on an as-converted basis), par value $0.0001 per share, of the Company (the "Ordinary Shares") were issued and outstanding. For complete financial tables and results, please see our 6-K filed with the SEC and on our website: https://investors.yatra.com/financial-information/sec-filings/default.aspx Conference Call The Company will host a conference call to discuss its unaudited results for the three months ended March 31, 2026, beginning at 9:00 AM Eastern Daylight Time (or 6:30 PM India Standard Time) on May 25, 2026. Dial in details for the conference call are as follows: US/International dial-in number: +1 585-542-9983. Confirmation Code: 280401239 (Callers should dial in 5-10 minutes prior to the start time and provide the operator with the Confirmation Code). The conference call will also be available via webcast at https://events.q4inc.com/attendee/280401239. Safe Harbor Statement This earnings release contains certain statements concerning the Company’s future growth prospects and forward-looking statements, as defined in the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, as amended. These forward-looking statements are based on the Company’s current expectations, assumptions, estimates and projections about the Company and its industry. These forward-looking statements are subject to various risks and uncertainties. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "anticipate," "believe," "estimate," "expect," "intend," "will," "project," "seek," "should," similar expressions and the negative forms of such expressions. Such statements include, among other things, statements regarding the long-term growth trajectory for the Indian travel market; growth of the MICE business and corporate travel business; our expectations regarding the benefits of utilizing AI-enabled services; statements concerning management’s beliefs as well as our strategic and operational plans; our ability to simplify our corporate structure and operations and enhance shareholder value; our expectations regarding sustained margin expansion as a result of simplifying our legal and corporate structure; our future financial performance; our ability to meet our financial guidance; and our ability to comply with Nasdaq’s continued listing requirements for our Ordinary Shares to remain listed on Nasdaq. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, the impact of increasing competition in the Indian travel industry and our expectations regarding the development of our industry and the competitive environment in which we operate; the slowdown in Indian economic growth and other declines or disruptions in the Indian economy in general and travel industry in particular, including disruptions caused by safety concerns, flight cancellations as a result of airline staffing shortages or regulatory noncompliance, terrorist attacks, regional conflicts (including the ongoing conflict between Ukraine and Russia, the evolving events in the Middle East), pandemics, macroeconomic factors, including tariff and trade issues, and natural calamities; our ability to successfully negotiate our contracts with airline suppliers and global distribution system service providers and mitigate any negative impacts on our Revenue that result from reduced commissions, incentive payments and fees we receive; the risk that airline suppliers (including our GDS service providers) may reduce or eliminate the commission and other fees they pay to us for the sale of air tickets; our ability to pursue strategic partnerships and the risks associated with our business partners; the potential impact of recent developments in the Indian travel industry, on our profitability and financial condition; political and economic stability in and around India and other key travel destinations; our ability to maintain and increase our brand awareness; our ability to realize the anticipated benefits of any past or future acquisitions; our ability to successfully implement our growth strategy; our ability to attract, train and retain executives and other qualified employees, and our ability to successfully implement any new business initiatives; our ability to effectively integrate artificial intelligence, machine learning and automated decision-making tools; non-compliance with Nasdaq’s continued listing requirements and consequent delisting of our ordinary shares from Nasdaq; and our ability to simplify our multi-jurisdictional corporate structure or reduce resources and management time devoted to compliance requirement. These and other factors are discussed in our reports filed with the U.S. Securities and Exchange Commission. All information provided in this earnings release is provided as of the date of issuance of this earnings release, and we do not undertake any obligation to update any forward-looking statement, except as required under applicable law. About Yatra Online, Inc. Yatra Online, Inc. is the ultimate parent company of Yatra online India, a public listed company on the National Stock Exchange of India Limited and BSE Limited (hereinafter referred to as "Yatra India"), whose corporate office is based in Gurugram, India. Yatra India is India’s largest corporate travel services provider in terms of number of corporate clients with over 1,300 large corporate customers and approximately 59k registered SME customers and the third largest online travel company in India among key online travel agency ("OTA") players in terms of gross booking revenue and operating revenue for Fiscal 2023 (Source: CRISIL Report). Leisure and business travellers use Yatra India’s mobile applications, its website, www.yatra.com, and its other offerings and services to explore, research, compare prices and book a wide range of travel-related services. These services include domestic and international air ticketing on nearly all Indian and international airlines, as well as bus ticketing, rail ticketing, cab bookings and ancillary services within India. With approximately 80k hotels and homestays in approximately 1,500 cities and towns in India as well as more than 2.5 million hotels around the world, Yatra India has the largest hotels inventory amongst key Indian OTA players. View source version on businesswire.com: https://www.businesswire.com/news/home/20260522355752/en/ Contacts For more information, please contact: Stephanie OshchepkovICR Inc.Email: [email protected]

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Management attributed the record annual profitability to a resilient business model and strong operating leverage, despite geopolitical conflicts impacting three months of the fiscal year. The West Asia conflict significantly disrupted the MICE (Meetings, Incentives, Conferences, and Exhibitions) and international corporate segments, leading to widespread cancellations and deferrals in Q4. Air margins improved structurally from 2.7% in FY24 to nearly 4% in FY26, driven by a higher quality business mix and disciplined yield management despite intense sector competition. The company is pivoting to capitalize on a government-led focus on domestic tourism, leveraging its extensive hotel supply and a recent migration to Google Cloud to improve content distribution. Corporate travel remains a core growth pillar, with management highlighting a 97% retention rate and significant 'white space' in the under-penetrated mid-market segment. Management views the current international travel slowdown as a 'short-term blip' rather than a structural change, expecting a recovery driven by 'revenge travel' dynamics similar to the post-COVID period. Management maintains a medium-term growth CAGR target of 20% for revenue less service costs and 30% for adjusted EBITDA. The second half of FY27 is expected to be materially stronger than the first half, assuming a release of pent-up demand as geopolitical conditions normalize. A dedicated mid-market sales team established in Q3 is expected to become a meaningful incremental growth driver as new corporate wins typically take 3 to 6 months to fully ramp up. Future scalability will rely heavily on API-led distribution, allowing travel agents and B2B partners to source Yatra’s hotel inventory more efficiently. Ongoing investments in AI and automation are intended to enhance customer servicing capabilities and support long-term operational profitability. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Geopolitical conflict in the Middle East remains a primary headwind, impacting energy prices and disrupting international corporate group travel. Q4 results were weighed down by the deferral of high-margin MICE business into FY27, though some demand is shifting from international to domestic programs. The company noted that while macro challenges may persist through the first half of FY27, the underlying demand from corporate customers remains intact. Infrastructure build-outs in Indian rail, aviation, and highways are cited as critical external dependencies that support the company's domestic growth strategy.

This article first appeared on GuruFocus. Release Date: February 12, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Yatra Online Inc (NASDAQ:YTRA) experienced a 22% year-on-year increase in gross bookings for air ticketing, significantly outperforming the industry growth of about 1%. The company saw a 20% year-on-year growth in the hotels and packages segment, with hotel room nights growing by 22%. Yatra Online Inc (NASDAQ:YTRA) onboarded 40 new corporate clients, adding an annual billing potential of INR 2.2 billion. The company is benefiting from a structural upcycle in outbound and long-haul travel, reinforcing its strong corporate and international travel franchises. Yatra Online Inc (NASDAQ:YTRA) is leveraging AI-driven platforms for end-to-end automation and expense management, enhancing compliance and cost savings for corporate clients. The company faced operational challenges due to airline disruptions, particularly affecting the MICE and corporate events sub-segment. There was a modest one-time impact on the quarter due to flight disruptions, with some bookings deferred to future quarters. Gross rates in the hotels and packages segment moderated slightly from 12.2% to 11.7% year on year due to a change in business mix. The disruption in the airline sector led to incremental working capital deployment as advances had already been paid to vendors for MICE groups. Revenue growth deceleration in the quarter was attributed to seasonal factors and flight disruptions, not structural changes. Warning! GuruFocus has detected 4 Warning Signs with YTRA. Is YTRA fairly valued? Test your thesis with our free DCF calculator. Q: The revenue growth deceleration in the quarter, is any of that structural, or is it just due to macro challenges? A: (Unidentified_2) The deceleration is largely seasonal. Quarter 3 is typically low for business travel due to holidays like Christmas, New Year's, and Diwali. This year, it was compounded by flight disruptions in December. It's not a structural shift, just a one-off disruption. Q: Are macro challenges like tariffs impacting the MICE business? A: (Unidentified_2) We haven't seen any impact from tariffs. In fact, new trade deals between India, the EU, and the US are expected to boost business travel. (Unidentified_3) The MICE segment has significant growth potential and is becoming more formalized, with corporates preferring large vendors like us. Q: How many low-hanging fruit opportunities remain for adding new corporate partners in travel? A: (Unidentified_2) We have significant headroom for growth. Our initial mapping identified about 13,000 target organizations, and we've only reached just over 1,000. (Unidentified_3) We've barely scratched the surface, with a huge potential market in corporate India. Q: Can you elaborate on your go-to-market strategy for corporate travel? A: (Unidentified_3) We've divided our strategy into three pillars: targeting large enterprises, small and medium enterprises through digital demand creation, and upselling to existing accounts. We're running a strong weekly cadence to ensure healthy pipelines and conversions. Q: What is the outlook for the corporate travel business and its growth potential? A: (Unidentified_3) The corporate travel market has a huge headroom for growth, with offline travel still dominating. Our online platform offers significant value, and we expect our strategy to be successfully executed over the next 3 to 4 quarters. For the complete transcript of the earnings call, please refer to the full earnings call transcript.