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Yatra Online, Inc. Announces Results for the Three Months Ended September 30, 2026

YTRA
  • Yatra Online reported unaudited results for the quarter ended September 30, 2026, with Gross Bookings rising 5.6% year-over-year to INR 21.7 billion (USD 226 million) despite a 6% industry decline in domestic air traffic.
  • Revenue from operations was INR 2.1 billion (USD 22.3 million), a 39.1% decrease year-over-year, primarily driven by lower MICE revenue recognized on a gross basis.
  • The company posted a net loss of INR 235.3 million (USD 2.5 million) for the period, compared to a profit of INR 98.8 million (USD 1.0 million) in the same quarter of the prior year.
  • Adjusted Margin from Air Ticketing increased 20.8% year-over-year to INR 1.2 billion (USD 12.8 million), with the margin percentage improving to 7.2%.
  • Adjusted Margin from Hotels and Packages decreased 25.9% year-over-year to INR 381.1 million (USD 4.0 million), while standalone Hotel Gross Bookings grew approximately 20% year-over-year.
  • Air passenger volumes grew sequentially despite industry headwinds, including Middle East conflicts, elevated fuel prices, & airline capacity rationalization.
  • MICE business faced challenges due to higher travel costs causing corporates to defer & resize programs, though activity improved late in the quarter as programs were rescheduled.
  • Corporate Travel remains a growth pillar, expanding customer base through Travel Pro for MSMEs, RECAP for expense management, & new global partnerships.
  • Adjusted EBITDA showed a loss of INR 32.2 million (USD 0.3 million), reflecting an 115.2% decrease year-over-year.
  • The company plans to focus on rebuilding MICE, scaling Hotels, & using AI & automation to improve efficiency in pursuit of profitable growth.
  • A conference call to discuss these results is scheduled for November 13, 2026, at 08:00 AM Eastern Daylight Time.