November20th 2023:YatraOnline 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 second quarter of financial year 2023-24.

* Note: Largest in terms of gross booking revenue and operating revenue, for Fiscal Year 2023. (Source: CRISIL Report)

Q2-FY24 Consolidated Financial Performance:

Revenue from Operations INR941Mn YoY: +14%

EBIDTA INR (60) Mn

Adjusted EBIDTA* INR 106 Mn

Net Loss INR (171) Mn

* Adjusted for these one-time costs consolidated PBT would amount to INR 3.29 Mn for the Q2-FY24 period

Q2-FY24 Financial Highlights:

• Yatra has registered a 14.2% YoY growth in revenue from operations in Q2-FY24
• Yatra has booked one-time costs pertaining to IPO related listing fee and ESOPs amounting to INR 165.6 mn in Q2-FY24
• Other expenses have reduced by 23% YoY reflecting operating leverage
• Finance costs reduced by 14.7% YoY on account of better working capital management

Q2-FY24OperationalHighlights:

• Yatra domestic air passenger growth of 28% YoY outpaced industry growth of 23% YoY as we continue to gain market share
• Gross bookings grew 10.2% YoY to INR 17,504 Mn. This was despite air ticket prices being lower by 14.7% during same period
• B2B business was impacted by muted business travel spends across IT/ITES clients
• We continue to expand our corporate client base and closed 13 new corporate accounts during the quarter. Subsequent to the end of the quarter we have closed a few large customers including Welspun and an MNC account where we will manage their travel across multiple regions in Asia 

Management Comments:

“This marks the third consecutive quarter of Yatra’s market share gain in the air domestic market as our growth in passenger count continues to outpace the overall domestic numbers shared by DGCA.This impressive growth was achieved while optimizing consumer promotion spends. Given the recent IPO and the stronger balance sheet we expect supplier margin expansion over the next few quarters. We further expect a reduction in finance costs as working capital continues to rationalize. As we move forward armed with a significantly healthier balance sheet post IPO, we are optimistic and committed to leveraging these positive trends to drive further growth and success.”

Whole Time Director & Chief Executive Officer, Dhruv Shringi

Financial Statements:

ResultsforthequarterendedSeptember 30, 2023,preparedunderIndAS, alongwithsegmentresults,areavailableintheInvestor Relationssection of ourwebsite https://investors.yatra.com/Investor-Relations-India/

QuarterlyConferenceCall:

The earnings conference call will be held on Wednesday, November 15, 2023 at 04:30 PM (IST) to discuss the Financial Results and performance of the company for the quarter ended September 30, 2023.Theearningsconferencecallwillbeaccessiblefrom allnetworksandcountriesthroughuniversalaccessdial-ins+91 22 6280 1341 / +91 22 7115 8242 also accessibleat: https://bit.ly/3MkD9gA

Further,theanalyst(s)/institutionalinvestor(s)presentationwillbesubmittedtoStockExchangesandshallalsobehostedonthe Company’swebsiteathttps://investors.yatra.com/Investor-Relations-India/

About Yatra Online Limited:

•      Yatra Online Limited (BSE: 543992, NSE: YATRA) is India’s largest corporate travel services provider andthe third largest online travel company in India among key OTA players in terms of grossbooking revenue and operating revenue, for Fiscal Year 2023. (Source: CRISIL Report).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 of services, which include domestic and international air ticketing, hotel bookings, homestays, holiday packages, bus ticketing, rail ticketing, activities and ancillary services catering to the travel needs.

•      International market experience in terms of its ultimate holding company being a NASDAQlisted company.

•      Experienced management team and strong corporate governance comprising industry executives with deep roots in the travel industry with 90+ years of accumulated experience.

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