Yatra Online, a leading online travel services company in India, announced its financial results for the quarter and fiscal year ending March 31, 2024.
Q4FY24 Financial Highlights:
Revenue: ₹1,077 million (YoY: -10%)
EBITDA: ₹108 million (YoY: -48%)
EBITDA Margin: 13%
Net Profit: ₹56 million (YoY: -38%)
Gross Bookings: increased by 12% YoY
FY24 Financial Highlights:
Revenue: ₹4,223 million (YoY Growth: 11%)
EBITDA: ₹273 million (YoY: -47%)
EBITDA Margin: 8%
Net Profit: ₹(45) million (YoY: -159%)
Management Commentary:
Dhruv Shringi, Whole Time Director & Chief Executive Officer, highlighted that Yatra's Gross Bookings increased by 12% YoY in Q4FY24, driven by a 13.5% growth in Air Gross Bookings. The growth was primarily fueled by a rebound in international travel during the seasonally weakest quarter. The company also secured 25 new corporate customer accounts with significant annual billing potential.
Key Takeaways:
Despite a decline in revenue and profitability in Q4FY24, Yatra witnessed a significant increase in Gross Bookings, driven by a rebound in international travel and strong growth in Air Gross Bookings.
The company experienced substantial growth in FY24 revenue, indicating a positive trend for the overall fiscal year.
Yatra secured new corporate accounts, demonstrating its ability to attract and retain valuable clients.
For a more comprehensive analysis and additional insights, you can refer to the following resources:
Yatra Online Investor Relations: https://investors.yatra.com/financial-information/financial-summary/default.aspx
ICICI Direct Analysis: https://www.icicidirect.com/research/equity/rapid-results/venky
5paisa Share Price: https://www.5paisa.com/stocks/yatra-share-price
Comments