Yatra Online (YTRA) Q2 2026 earnings summary

Executive summary

• Revenue for Q2 FY26 grew 48.5% year-over-year to INR 3,508.7 million ($39.5 million), driven by strong performance in corporate travel, hotels, packages, and MICE segments, exceeding guidance.

• Adjusted EBITDA surged 217.7% year-over-year to INR 212 million ($2.4 million), reflecting disciplined cost management and profitable scaling.

• Profit for the period reached INR 98.8 million ($1.1 million), reversing a prior-year loss.

• The company onboarded 34 new corporate clients in Q2, adding INR 2,615 million ($29.5 million) in annual billing potential.

• Integration of Globe Travels and the full impact of the GAISL acquisition delivered supplier synergies, technology innovation, and cross-selling opportunities.

Financial highlights

• Revenue from operations increased 48.5% year-over-year to INR 3,508.7 million ($39.5 million).

• Adjusted EBITDA rose 217.7% year-over-year to INR 212 million ($2.4 million), with a margin of 17%.

• Profit after tax improved to INR 98.8 million ($1.1 million) from a loss of INR 0.3 million ($0.1 million) in the prior year.

• Gross bookings reached INR 20,504.8 million ($231.0 million), up 16.2% year-over-year.

• Cash and cash equivalents and term deposits stood at INR 2,208 million ($24.9 million) as of September 30, 2025.

Outlook and guidance

• Strong, sustained growth opportunities are expected, driven by rising digital adoption in both leisure and corporate travel.

• Corporate business is projected to grow 13%-20%, while consumer business is expected to grow in the mid to high single digits, all profitably.

• Focus remains on scaling high-margin segments, deepening technology capabilities, and driving sustainable long-term value.

• Recent reductions in income tax and GST rates in India are anticipated to further boost travel consumption.

• Market leadership in corporate travel and strong brand recall are expected to drive sustainable growth.