February 15th, 2024: Yatra Online Limited {BSE: 543992 & NSE: YATRA}, India’s largest corporate travel services provider and the third largest online travel company in India among key OTA players* announces its results for the third quarter of financial year 2023-24.
* Note: Largest in terms of gross booking revenue and operating revenue, for Fiscal Year 2023. (Source: CRISIL Report)
Q3-FY24 Consolidated Financial Performance:
Revenue from OperationsINR 1,103MnYoY: +23%EBIDTA INR 48 MnYoY: -25%Adjusted EBIDTA INR 100 MnYoY: -11%Net Profit INR 11 MnYoY: +119%
Q3-FY24 Financial Highlights:
· Net Profit of INR 11 Million increased by 119% YoY resulting in a Diluted EPS of INR 0.07.
· Gross debt reduced by 51% on QoQ basis.
Q3-FY24 Operational Highlights:
· Yatra domestic air passenger growth of 26% YoY outpaced industry growth of 9% YoY as we continue to gain market share.
· Gross bookings grew 18% YoY to INR 18,605 Mn.
· Corporate business continued to be impacted by