Yatra Q1: Profit Zooms 300% YoY To INR 16 Cr

Travel tech company Yatra reported a consolidated net profit of INR 16 Cr in Q1 FY26, up 300% from INR 4 Cr reported in the year-ago period. Sequentially, the company’s profit rose 5% from INR 15.2 Cr.

Yatra’s operating revenue zoomed 108% to INR 209.8 Cr in the quarter ended June 2025 from INR 100.8 Cr in the year-ago quarter. On a QoQ basis, revenue from operations grew 4% from INR 21.9 Cr.

The YoY rise in the top line came despite adverse macroeconomic factors such as tariff wars and the Air India plane crash, which negatively impacted volumes.

The online travel aggregator’s (OTA) EBITDA zoomed 245% to INR 24.2 Cr in Q1 FY26 from INR 7 Cr in the year-ago quarter. EBITDA margin improved to 21% from 9% in Q1 FY25.

The company attributed the improvement in adjusted EBITDA to “standalone hotel cross-selling to existing customers”, strong performance of the corporate business and hotels & packages vertical, and continued momentum in other business segments.

On the operational front, the platform’s gross bookings jumped 9% YoY to INR 1,803.8 Cr in Q1 FY26. Here’s the breakdown of the gross booking numbers:

• Air Ticketing: INR 1,410.3 Cr (up 4.3% YoY)
• Hotels & Packages: INR 343.3 Cr (up 43.1% YoY)
• Other Services: INR 50.1 Cr (down 15.1% YoY)

The number of transactions rose 7% YoY to 16.3 Lakh. Yatra’s corporate business vertical signed 34 new customers, with an annual billing potential of INR 200 Cr, during the quarter under review.

“… Our performance is driven by continued momentum in business travel demand and solid execution across our platform. Revenue growth was driven by a higher corporate travel mix and higher share of hotels and packages which combined with disciplined cost management enabled us to deliver a 247% increase in EBITDA and an almost 4X growth in PAT. These results affirm the strength of our strategic positioning and our ability to scale profitably,” said cofounder and CEO Dhruv Shringi.

Founded in 2006 by Shringi, Manish Amin and Sabina Chopra, Yatra is an online travel aggregator (OTA) that lets users compare prices and book a wide range of services. It claims to be the largest corporate service provider in India. Besides, Yatra offers expense management solutions to enterprises.

Zooming Into Yatra’s Expenses

With the sharp increase in revenue, Yatra’s total expenses also grew 89.3% to INR 198.3 Cr in Q1 FY26 from INR 104.8 Cr during the same period last year.

Service Cost: Expenditure under this bucket zoomed 361.8% to INR 94.2 Cr from INR 20.4 Cr in Q1 FY25.

Employee Benefit Expenses: The spending under the head stood at INR 39.6 Cr in Q1 FY26, up 17.2% from INR 33.8 Cr in the same quarter last year.

Marketing & Sales Promotion Expenses: The company spent INR 10 Cr on promotional expenses in Q1 FY26, marking an 8.7% increase from INR 9.2 Cr in Q1 FY25.

Payment Gateway Charges: The expenses under this head stood at INR 11 Cr during the quarter under review, up 11.5% from INR 9.9 Cr in the year-ago period.

Shares of Yatra ended yesterday’s trading session 2.64% lower at INR 95.87 on the BSE.

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