Yatra Online, Inc. Announces Results for the Three Months Ended December 31, 2025

$YTRA #AirTicketing--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 i...

Autore: Business Wire

GURUGRAM, India & NEW YORK: $YTRA #AirTicketing--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 December 31, 2025.

“I am pleased to report that the third quarter marked a period of robust financial and operational performance, with results exceeding our initial full-year growth guidance, despite disruptions in India’s domestic aviation sector and geopolitical developments impacting international travel, particularly traffic to and through the Middle East region. Our performance was driven by balanced growth across business travel demand, affiliate-sourced business, and our consumer segment, underpinned by sustained momentum and effective execution across our platforms.

“For the three months ended December 31, 2025, we reported revenue of INR 2,576.9 million (USD 28.7 million) registering growth of 9.6% YoY. This growth was driven by a stronger consumer and affiliate travel mix, continued expansion in Air, and improved profitability in Hotels and Packages.

“Our Corporate Travel segment continues to serve as a key growth pillar. During the third quarter, we onboarded 40 new corporate clients, expanding annual billing potential by INR 2,234 million (USD 24.9 million). While the third quarter is typically a lean period for corporate travel due to year-end holidays, we proactively accelerated growth in our consumer and affiliate channels. This included an aggressive focus on Air revenues while maintaining pricing discipline and margins in Hotels, without resorting to discounting.

“The integration of Globe Travels has progressed well, delivering supplier synergies, technology enhancements, and cross-selling opportunities that further strengthen our client value proposition.

“As part of our ongoing efforts around restructuring, the Company believes it has a viable structure to pursue. The Company is progressing on its restructuring efforts to unlock shareholder value, with timelines subject to regulatory intricacies.

“Looking ahead, we remain focused on scaling high-margin segments, deepening our technology capabilities, and driving sustainable long-term value for all stakeholders.

“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 December 31, 2025:

 

Three months ended December 31,

 

 

 

 

 

 

2024

 

 

2025

 

 

2025

 

 

 

 

 

 

Unaudited

 

 

Unaudited

 

 

Unaudited

 

 

YoY Change

 

(In thousands except percentages)

 

INR

 

 

INR

 

 

USD

 

 

%

 

Financial Summary as per IFRS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

 

2,350,740

 

 

 

2,576,946

 

 

 

28,684

 

 

 

9.6

%

Results from operations

 

 

14,799

 

 

 

(120,203

)

 

 

(1,337

)

 

 

(912.2

)%

(Loss)/ Profit for the period

 

 

39,769

 

 

 

(129,258

)

 

 

(1,438

)

 

 

(425.0

)%

Financial Summary as per non-IFRS measures

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Adjusted Margin (1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Adjusted Margin - Air Ticketing

 

 

857,599

 

 

 

1,195,810

 

 

 

13,310

 

 

 

39.4

%

Adjusted Margin - Hotels and Packages

 

 

438,035

 

 

 

502,058

 

 

 

5,588

 

 

 

14.6

%

Adjusted Margin - Other Services

 

 

72,843

 

 

 

82,855

 

 

 

922

 

 

 

13.7

%

Others (Including Other Income)

 

 

185,956

 

 

 

168,428

 

 

 

1,875

 

 

 

(9.4

)%

Adjusted EBITDA (2)

 

 

121,458

 

 

 

99,703

 

 

 

1,110

 

 

 

(17.9

)%

Operating Metrics

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross Bookings (3)

 

 

17,997,061

 

 

 

21,761,945

 

 

 

242,230

 

 

 

20.9

%

Air Ticketing

 

 

13,828,120

 

 

 

16,931,280

 

 

 

188,460

 

 

 

22.4

%

Hotels and Packages

 

 

3,603,122

 

 

 

4,305,989

 

 

 

47,930

 

 

 

19.5

%

Other Services (6)

 

 

565,819

 

 

 

524,676

 

 

 

5,840

 

 

 

(7.3

)%

Adjusted Margin% (4)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Air Ticketing

 

 

6.2

%

 

 

7.1

%

 

 

 

 

 

 

 

 

Hotels and Packages

 

 

12.2

%

 

 

11.7

%

 

 

 

 

 

 

 

 

Other Services

 

 

12.9

%

 

 

15.8

%

 

 

 

 

 

 

 

 

Quantitative details (5)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Air Passengers Booked

 

 

1,314

 

 

 

1,491

 

 

 

 

 

 

 

13.5

%

Stand-alone Hotel Room Nights Booked

 

 

418

 

 

 

508

 

 

 

 

 

 

 

21.5

%

Packages Passengers Travelled

 

 

18

 

 

 

23

 

 

 

 

 

 

 

27.1

%

Note:

 

(1)

As certain parts of our revenue are recognized on a “net” basis and other parts of our revenue are recognized on a “gross” basis, we evaluate our financial performance based on Adjusted Margin, which is a non-IFRS measure.

 

(2)

See the section below titled “Certain Non-IFRS Measures.”

 

(3)

Gross Bookings represent the total amount paid by our customers for travel services, freight services and products booked through us, including taxes, fees and other charges, and are net of cancellation and refunds.

 

(4)

Adjusted Margin % is defined as Adjusted Margin as a percentage of Gross Bookings.

 

(5)

Quantitative details are considered on a gross basis.

 

(6)

Other Services primarily consists of freight business, IT services, bus, rail and cab and others services.

As of December 31, 2025, 63,929,922 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 December 31, 2025 beginning at 8:00 AM Eastern Daylight Time (or 6:30 PM India Standard Time) on February 12, 2026. Dial in details for the conference call is as follows: US/International dial-in number: +1 646 844 6383. Confirmation Code: 724399 (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/325177156.

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 profitabili


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