May 31^st2024: Yatra Online Limited {BSE: 543992 & NSE: YATRA}, India’s largest corporate travel servicesprovider and the third largest online travel company in India among key OTAs announces its results for thefourthquarterandfinancial yearended2023-24.

• Note:Largestintermsofgrossbookingrevenueandoperatingrevenue,forFiscalYear2023.(Source:CRISILReport)

Q4 – FY24 Consolidated Financial Performance:

Revenue INR1,077Mn YoY:-10%

EBITDA INR108 Mn YoY:-48%

EBITDA Margin13%

Net ProfitINR56Mn YoY:-38%

FY24ConsolidatedFinancialPerformance:

Revenue INR4,223Mn YoYGrowth:11%

EBITDA INR273Mn YoY:-47%

EBITDA Margin8%

Net ProfitINR(45)Mn YoY:-159%

FY24 and Q4 – FY24 Operational Highlights:

• Yatra reported domestic air passenger growth of 24% YoY in FY24, which was ~2x of industrygrowthasthecompanycontinuedtogainmarketshare.
  • StrongquarterwithPATofINR56Mnand12%YoYgrowthingrossbookings.
  • For Q4-FY24, Yatra reported revenue of INR 1,077 million, down 10% YoY largely due to theimpact of a one-time accrual of threshold bonus of GDS Contracts in Q4-FY23. Excluding thatreportedrevenuewouldhave seenagrowthof~7%YoY.
  • Yatra continued to expand its corporate client base and closed 25 new corporate accounts duringthe quarter. Subsequent to the end of the quarter the Company also closed the largest publicsectorbankinIndia as a customer.
  • Despite continued softness in the IT sector the Corporate travel segment continued to recoverstronglyandis nowbacktopre-covidlevels.

“Yatra’s Gross Bookings increased by 12% YoY in the fourth quarter of FY24, driven by a 13.5% growth inAir Gross Bookings. This growth was fueled by a robust rebound in international travel in what is typicallythe seasonally weakest quarter. Additionally, our EBITDA increased by 128% sequentially reaching to INR108 million from INR 48 million in the Q3FY24, due to increase in gross bookings and optimization of cost.Further, our EBITDA margin % increased by approximately 700 BPs sequentially reaching 13% for quarterendedMarch 31,2024. ForFY24,welargelymetor exceededAnalystexpectations.

Whole Time Director & Chief Executive Officer, Dhruv Shringi

Furthermore,IampleasedtoannouncethelaunchofourExpenseManagementsolutionearlierthisweek.Yatra’sExpenseManagementSolutionstandsoutwithitsutilizationofcutting-edgetechnologiesincludingGenAI Large Language Models (LLMs) for receipt analysis. Unlike traditional OCR technology, this ensuresmoreaccurateandcomprehensiveexpensetracking,significantlyreducingerrorsandsavingtime.Additionally, it features an integrated chatbot based on Gen AI and RAG models. This solution not onlymeets current market demands but also anticipates future needs. Our Expense Management Solution isdesignedtogrowwithourclients,offeringscalabilityandflexibilityastheirbusinessesevolve.Wenowhavethe opportunity to cross-sell this solution to our already well-established Corporate and SME customerbase.”

Financial Statements:

Results for the quarter and financial year ended March 31, 2024, prepared under Ind AS, along withsegmentresults,areavailableintheInvestorRelationssectionofourwebsite:https://investors.yatra.com/Investor-Relations-India/

Quarterly Conference Call:

TheearningsconferencecallwillbeheldonFriday,May31,2024at10:00 AM(IST)todiscusstheFinancialResults and performance of the company for the quarter and financial year ended March 31, 2024. Theearningsconferencecallwillbeaccessiblefromallnetworksandcountriesthroughuniversalaccessdial-ins

+91 22 6280 1245 / +91 22 7115 8146 also accessible at: Yatra-Q4FY24-DiamondPassLink. Further, theanalyst(s)/institutional investor(s) presentation will be submitted to Stock Exchanges and shall also behostedontheCompany’swebsite:https://investors.yatra.com/Investor-Relations-India/

About Yatra Online Limited:

• Yatra Online Limited (BSE: 543992, NSE: YATRA ) is India’s Largest Corporate Travel servicesprovider and one of India’s leading consumer travel companies. Through the website,www.yatra.com, mobile applications, Corporate SaaS platform, and other associated platforms,leisure and business travelers can explore, research, compare prices and book a wide range ofservices. which include domestic and international air ticketing, hotel bookings. homestays, holidaypackages,busticketing,railticketing,activities andancillaryservices cateringtothe travelneeds.
• ExperienceofbeingaNASDAQlistedcompanyandmanagingpublicshareholders.
• Experienced management team and strong corporate governance comprising industry executiveswithdeeprootsin thetravel industrywith90+yearsof accumulated experience.

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